IN SB0161

Allows Type II gaming retailers to retain profits from qualified drawings, rather than returning all wagered amounts as prizes.

Includes raffle ticket sales in a retailer's gross receipts when the retailer retains the profits from the qualified drawing.

Requires retailers to specify in their rules whether they will retain profits or return the total amount wagered as prizes, and to conspicuously display this information.

Defines "profits" as the difference between total money exchanged for raffle tickets minus the total value of prizes awarded.

Requires retailers to report amounts retained from qualified drawing profits to the gaming commission on prescribed forms.