gross winnings definition
gross winnings. : “Gross winnings” means the total amount of money or the value of other property received from each gaming, lottery, raffle, or other gambling event, transaction, or other activity, less the amount of the wager, if any, (but no other cost or expense) which directly results in winnings.
gross winnings. , in relation to a punter, means the total money won by the punter and paid out by the bookmaker on any single bet, before the deduction of the bookmaker’s commission, fee or charge;