Is an establishment that offers only off-track betting on horse races considered a casino for purposes of the BSA?
Answer 5: In addressing the treatment of tribal gaming under the BSA, we have indicated that “pari-mutuel wagering” should receive the same treatment as bingo when determining whether an establishment satisfies the definition of “casino.” 11 Furthermore, Class III gaming under the Indian Gaming Regulatory Act includes off-track betting on horse races.12 In addition, in Nevada, an establishment that offers only off-track betting on horse races would need to obtain a non-restricted gaming license. In many instances, off-track betting on horse races will involve pari-mutuel wagering. However, pari-mutuel wagering also applies to sporting events. For purposes of the BSA, FinCEN views casinos to include establishments in Nevada and in tribal jurisdictions that offer only off-track betting, provided the establishments permit account wagering and provided gross annual gaming revenue exceeds $1 million.13 In many instances, off-track betting will involve accounts through which customers may co
Answer 5: In addressing the treatment of tribal gaming under the BSA, we have indicated that “pari-mutuel wagering” should receive the same treatment as bingo when determining whether an establishment satisfies the definition of “casino.” 11 Furthermore, Class III gaming under the Indian Gaming Regulatory Act includes off-track betting on horse races.12 In addition, in Nevada, an establishment that offers only off-track betting on horse races would need to obtain a non-restricted gaming license. In many instances, off-track betting on horse races will involve pari-mutuel wagering. However, pari-mutuel wagering also applies to sporting events. For purposes of the BSA, FinCEN views casinos to include establishments in Nevada and in tribal jurisdictions that offer only off-track betting, provided the establishments permit account wagering and provided gross annual gaming revenue exceeds $1 million.13 In many instances, off-track betting will involve accounts through which customers may co
Related Questions
- What if I am already doing hourly-paid part-time teaching or an educational establishment offers me an opportunity to undertake teaching?
- Is a tribal gaming establishment that offers only bingo and related games considered a casino for purposes of the BSA?
- Is an establishment that offers only off-track betting on horse races considered a casino for purposes of the BSA?
