The GA Lottery COAM October newsletter has highlighted some information that they believe that GA COAM Location License Holders should know. We have included an excerpt from the newsletter below:
Reporting of Gross Retailer Receipts
All Class B Location License Holders (LLH) are required to report, separately by location on a monthly basis, ONLY Gross Retail Receipts for the business location. Each such monthly report shall be submitted in electronic format via the www.gacoam.com website as required by the GLC and shall be due by the 20th of the following month. For example, the report for the month of September 2016 shall be due by October 20, 2016 with subsequent reports due on the 20th of each month thereafter for the previous month. Gross Retail Receipts means the total revenue derived by a business at any one business location from the sale of goods and services and the commission earned at any one business location on the sale of goods and services but shall not include revenue from the sale of goods or services for which the business will receive only a commission. Revenue from the sale of goods and services at wholesale shall not be included.
Contact the GLC Retailer Services Helpline at 1(800) 746-8546 at least two (2) weeks in advance of an anticipated remodel to allow sufficient time to perform an assessment and complete the disabling and/or removal of machines from the business location as well as meet your businesses timeline. Do not attempt to disconnect machines from the site controller on your own or power down the machines as this can disrupt the financial data transmitted by the site controller.
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