Massachusetts Statutes

§ 3 — Definitions

Massachusetts·Part I ADMINISTRATION OF THE GOVERNMENT·Title II EXECUTIVE AND ADMINISTRATIVE OFFICERS OF THE COMMONWEALTH·Ch. 23N AUTHORIZATION AND REGULATION OF SPORTS WAGERING

Section 3. As used in this chapter the following words shall, unless the context clearly requires otherwise, have the following meanings:"Adjusted gross fantasy wagering receipts'', the total gross receipts from fantasy contests as defined in section 11M1/2 of chapter 12, less only the total of all cash prizes paid to participants in the fantasy contests; provided, however, that the total of all cash prizes paid to participants shall not include the cash equivalent of any merchandise or thing of value awarded as a prize."Adjusted gross sports wagering receipts'', the total gross receipts from sports wagering less the sum of:

(i)the total of all winnings paid to participants; and (ii) all excise taxes paid pursuant to federal law; provided, however, that the total of all winnings paid

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