Adjusted gross receipts

Adjusted gross receipts (AGR) represent the total revenue generated by a casino after accounting for payouts of winnings to players. This financial measure is crucial for casinos as it reflects the actual earnings more accurately than the gross receipts alone. AGR is used by regulators and tax authorities to determine the amount of tax owed by the casino. By calculating the AGR, one can assess the profitability and operational efficiency of the gambling facility. Understanding AGR is vital for both casino operators and regulators to ensure compliance with state and federal tax laws, as well as for evaluating the casino's financial performance.