This means that for every $100 in gross receipts from a bingo game, $5 goes to the state in taxes. Bingo Tax StructureĪrizona imposes a 5% tax on the gross receipts from bingo games. This means that the organization running the game cannot simply keep the profits for itself. The third condition is that the proceeds from Bingo must be used for charitable purposes.
This includes organizations such as churches, schools, and charities. The second condition is that only not-for-profit organizations may operate bingo games. These rules specify, among other things, the maximum number of cards that can be played, the minimum and maximum stakes, and the size of the prize pool. The first condition is that the Arizona Department of Gaming rules conducts the game. For those looking for Bingo bonuses, it’s good to know the requirements thoroughly. The tax structure for Bingo is specific, and the lottery falls under a separate set of laws and conditions.
That’s because it is considered an amusement or sport and is entirely legal. Gambling in Arizona is heavily regulated, but Bingo is allowed under certain conditions.
Written by Barbara Wintergreen in Lifestyle 👁 2,205