New Mexico Statutes
§ 60-2E-38 — Calculation of net take; certain expenses not deductible
New Mexico § 60-2E-38
This text of New Mexico § 60-2E-38 (Calculation of net take; certain expenses not deductible) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.M. Stat. Ann. § 60-2E-38 (2026).
Text
In calculating net take from gaming machines, the actual cost to the licensee of any personal property distributed to a patron as the result of a legitimate wager may be deducted as a loss, except for travel expenses, food, refreshments, lodging or services. For the purposes of this section, "as the result of a legitimate wager" means that the patron must make a wager prior to receiving the personal property, regardless of whether the receipt of the personal property is dependent on the outcome of the wager.
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Legislative History
Laws 1997, ch. 190, § 40.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 60-2E-38, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/60/60-2E-38.