1. A qualified organization:
(a) Shall not contract with any vendor for the operation of a charitable lottery or charitable game who charges more than 8 percent of the gross proceeds of the charitable lottery or charitable game in exchange for the provision of services.
(b) Shall expend the net proceeds of a charitable lottery or charitable game only for the benefit of charitable or nonprofit activities in this state.
2. A qualified organization registered by the Chair shall, upon request, submit to the Chair a financial report on a charitable lottery or charitable game. The financial report must include a statement of:
(a) The expenses incurred in the operation of the charitable lottery or charitable game; and
(b) The amount and use of the net proceeds of the charitable lottery or charitable game.
(Added to NRS by 1991, 2261; A 2019, 963)
Structure Nevada Revised Statutes
Chapter 462 - Lotteries and Games
NRS 462.015 - Declaration of public policy.
NRS 462.025 - Licensing and additional restrictions imposed by local governments.
NRS 462.045 - "Board" defined.
NRS 462.059 - "Chair" defined.
NRS 462.061 - "Charitable game" defined.
NRS 462.064 - "Charitable lottery" defined.
NRS 462.075 - "Charitable or nonprofit activity" defined.
NRS 462.085 - "Commission" defined.
NRS 462.105 - "Lottery" defined.
NRS 462.115 - "Net proceeds" defined.
NRS 462.125 - "Qualified organization" defined.
NRS 462.130 - Administration of chapter; regulations.
NRS 462.140 - Conditions for operation of charitable lottery.
NRS 462.150 - Registration of qualified organization: Conditions; revocation.
NRS 462.155 - Operation of charitable game without license.
NRS 462.210 - Immunity from civil liability.
NRS 462.250 - Penalty for unauthorized lottery.
NRS 462.260 - Penalty for unauthorized sale or transfer of lottery ticket.
NRS 462.270 - Applicability of NRS 462.280 and 462.290 regarding regular reporting of information.
NRS 462.280 - Penalty for assisting in unauthorized lottery.
NRS 462.300 - Penalty for insuring or guaranteeing lottery tickets.
NRS 462.310 - Proof of existence of lottery and issuance of ticket.