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FAQs on Gambling Fun and Vacations
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Frequently Asked Questions Related to Gambling
Question: Do I need a license to conduct a Texas Hold'em tournament?
Answer: Yes.
Question: If our organization had no gaming activity during the current quarter, are we still required to file a tax return?
Answer: Yes. All licensed gaming organizations are required to file a quarterly tax return unless the organization has surrendered its license.
Question: What happens when a slot machine malfunctions?
Answer: When a malfunction occurs the slot machine will normally not accept additional coins nor play existing credits, the lights on top will flash, the readout on the face of the machine will likely flash or display an unusual number or code (example: 3300 code), the reels may stop briefly then rotate or spin slowly, or there may be an on-screen indication of the problem, such as "hopper empty" or "call attendant."
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