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West Virginia · Through as of 2026-08-03; contains at least the enactments of the 2026 Regular Session · Newer source version available

W. Va. Code § 29-22B-320: Net terminal income and gross terminal income defined.

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Where this section sits in the code
  1. CHAPTER 29. MISCELLANEOUS BOARDS AND OFFICERS.
  2. ARTICLE 22B. LIMITED VIDEO LOTTERY.

"Net terminal income" means the portion of gross terminal income collected by the commission from the permittees determined to be net terminal income as calculated under subsection 22B-1408(a) of this article. "Gross terminal income" means the total amount of cash inserted into video lottery terminals operated by a licensee, minus the total value of game credits which are cleared from the video lottery terminals in exchange for winning redemption tickets. A licensee may not deduct costs or expenses related to the operation of video lottery games from net terminal income.

Collected 2026-09-06T00:26:52Z. Source file · JSON

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