{"data":{"id":"us-nm/60-2e-38","jurisdiction":"us-nm","citation":"60-2E-38","heading":"Calculation of net take; certain expenses not deductible.","body":"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.","path":["Chapter 60 - Business Licenses","ARTICLE 2E Gaming Control"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18563/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"53b7acc56447100ce60e25a6a2afd485a55b50b9420c6db11633a8647450857e","source_id":"us-nm","stale":false,"prev":"us-nm/60-2e-37","next":"us-nm/60-2e-39"},"notice":"GroundRules: Original legal text. Not legal advice."}