35 Miss. Code. R. 3-11-22-208
Current through December 10, 2024
Multi-period payoffs: If a patron is entitled to receive either a lump-sum payment or a series of periodic payments received at least annually, then a levy of 3% is levied on the lump-sum amount in the year it is constructively received under the constructive receipt doctrine. The constructive receipt doctrine does not apply to lottery winnings. The 3% levy is a liability of the Mississippi gaming establishment which was a party to the wager, regardless of whether it is the paying agent.
35 Miss. Code. R. 3-11-22-208