Annual Certified Physical Inventory

Lawful gambling organizations are required to conduct an annual certified physical inventory at the end of their fiscal year even if the organization has no physical inventory. (Minnesota Statute 297E.06, subd. 4) 

Cash Count No Longer Required
Due to a 2025 law change, you no longer need to count or report cash as part of your annual inventory. This change is effective July 1, 2025. Use the updated forms on this page when completing your annual certified physical inventory.

When is the inventory due?

You must conduct the inventory and submit it to us within 30 days after your organization’s fiscal year ends. Your organization may be eligible for a 30-day extension.

How do I report the inventory?

Two members of your organization (who are not involved in its gambling activities) or a certified public accountant (CPA) must conduct the inventory. The inventory is a list, by site, of the games in your organization’s possession that you have not reported on a Form G1, Lawful Gambling Monthly Tax Return. 

You must report the results on two forms:  

• Form CI, Annual Certified Physical Inventory Summary
• Form INV, Annual Certified Physical Inventory by Site

How do I request an extension?

You can request a 30-day extension by mail, email, or web message. Your organization’s chief executive officer, gambling manager, or CPA performing the inventory must request the extension before the end of your organization’s fiscal  year.