25 CFR § 502.16 - Net revenues.

---
identifier: "/us/cfr/t25/s502.16"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "25 CFR § 502.16 - Net revenues."
title_number: 25
title_name: "Indians"
section_number: "502.16"
section_name: "Net revenues."
chapter_name: "NATIONAL INDIAN GAMING COMMISSION, DEPARTMENT OF THE INTERIOR"
subchapter_number: "A"
subchapter_name: "GENERAL PROVISIONS"
part_number: "502"
part_name: "DEFINITIONS OF THIS CHAPTER"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "25 U.S.C. 2701"
regulatory_source: "57 FR 12392, Apr. 9, 1992, unless otherwise noted."
cfr_part: "502"
---


# 502.16 Net revenues.

*Net revenues* means gross gaming revenues of an Indian gaming operation less—

(a) Amounts paid out as, or paid for, prizes; and

(b) Total gaming-related operating expenses, including all those expenses of the gaming operation commonly known as operating expenses and non-operating expenses consistent with professional accounting pronouncements, excluding management fees.

[74 FR 36932, July 27, 2009]