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Where do I report the start up deposit for the progressive/mega jackpot bingo game?

April 26, 2017bingo deposit jackpot mega progressive report

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Where do I report the start up deposit for the progressive/mega jackpot bingo game?

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When an organization first starts playing progressive/mega jackpot bingo, a deposit of $200 is required per bank account. The check shall be written from the Charitable Gaming Account and shall read Charitable Gaming Progressive/Mega Jackpot Account. This amount shall be reported on line 25 of the quarterly report as a minus (-), with an explanation. When and if an organization ceases playing, this start up money will be refunded to the organization. It is then deposited back into the Charitable Gaming Account and reported on line 25 of the quarterly report as a plus (+), with an explanation.