Any organization license by the State to conduct lawful gambling shall contribute to the City ten percent (10%) of its net profits derived from lawful gambling operations within the City to a fund administered by the City. For the purpose of this section, the term "net profits" means profits less amounts expended for allowable expenses. All sums received into the fund shall be distributed by the City for a "lawful purpose" as defined in Minnesota Statute ch. 349. Such contribution shall be made no later than seventy five (75) days after the end of the licensee's tax fiscal year. (Ord. 2023-10, 8-7-2023)