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FAQs on Gambling Fun and Vacations

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Frequently Asked Questions Related to Gambling

 

Question: What is the Commission's role in regulating Class III gaming?

Answer: The regulatory scheme for Class III gaming is more complex than a casual reading of the statute might suggest. Although Congress clearly intended regulatory issues to be addressed in Tribal-State compacts, it left a number of key functions in federal hands, including approval authority over compacts, management contracts, and tribal gaming ordinances. Congress also vested the National Indian Gaming Commission (NIGC or Commission) with broad authority to issue regulations in furtherance of the purposes of the Indian Gaming Regulatory Act (IGRA). Accordingly, the Commission plays a key role in the regulation of Class II and III gaming.




Question: If our organization had no gaming activity during the current quarter, are we still required to file a tax return?

Answer: Yes. All licensed gaming organizations are required to file a quarterly tax return unless the organization has surrendered its license.

 


Question: Can children or teenagers develop gambling problems?

Answer: A number of states allow children under 18 to gamble, and youth also participate in illegal forms of gambling, such as gambling on the internet or betting on sports. Therefore, it is not surprising that research shows that a vast majority of kids have gambled before their 18th birthday, and that children may be more likely to develop problems related to gambling than adults. While debate continues on this issue, there appears to be a number of factors influencing this finding. Parental attitudes and behavior play a role. Age of exposure plays a part, in that adults who seek treatment for problem gambling report having started gambling at an early age. A number of adolescents reported a preoccupation with everything related to gambling prior to developing problems.

 


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 Gambling Topics

- Online Tournaments

- Playing No Limit Slot Machines

- Rules

- Night Clubs

 
 Daily Term

Pot

Definition:
The money that a player will win in the end. This is a combination of everyone's bets throughout the game.

See more terms >