This bill amends several sections of the Nebraska Revised Statutes to enhance the regulatory framework surrounding gaming operations in the state. Key changes include the expansion of authorized uses for the Racing and Gaming Commission's Racetrack Gaming Fund to include audits and examinations as required by the new provisions. Additionally, the bill mandates that authorized gaming operators undergo annual audits conducted by independent certified public accountants, with the results submitted to both the Auditor of Public Accounts and the gaming commission. The Auditor is also granted the authority to review these audit reports and examine the financial records of gaming operators to ensure compliance with tax regulations.

Furthermore, the bill introduces specific penalties for gaming operators that fail to comply with reporting requirements or that provide false information in their reports. It establishes a framework for the Auditor of Public Accounts to conduct examinations of gaming operators' financial practices, ensuring that the gross gaming revenue and associated taxes are accurately calculated and reported. The expenses incurred by the Auditor for these reviews and examinations will be covered by the Racetrack Gaming Fund, thereby reinforcing the accountability and transparency of gaming operations in Nebraska.

Statutes affected:
Introduced: 2-1202, 9-1107, 9-1202, 9-1205, 9-1206, 9-1207