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The following table identifies the changes made to this Subtopic.
Paragraph Action Accounting Standards Update Date
Base Jackpot Superseded Accounting Standards Update No. 2014-09 05/28/2014
Slot Machine Superseded Accounting Standards Update No. 2014-09 05/28/2014
Win Superseded Accounting Standards Update No. 2014-09 05/28/2014
924-605-05-1 Superseded Accounting Standards Update No. 2014-09 05/28/2014
924-605-15-1 Superseded Accounting Standards Update No. 2014-09 05/28/2014
924-605-25-1 through 25-3
 Superseded Accounting Standards Update No. 2014-09 05/28/2014
924-605-25-2 Amended Accounting Standards Update No. 2010-16 04/26/2010
924-605-45-1 Superseded Accounting Standards Update No. 2014-09 05/28/2014
924-605-45-2 Superseded Accounting Standards Update No. 2014-09 05/28/2014
924-605-55-1 Superseded Accounting Standards Update No. 2014-09 05/28/2014
924-605-55-1 Added Accounting Standards Update No. 2010-16 04/26/2010
924-605-55-2 Superseded Accounting Standards Update No. 2014-09 05/28/2014
924-605-55-2 Added Accounting Standards Update No. 2010-16 04/26/2010
924-605-65-1 Added Accounting Standards Update No. 2010-16 04/26/2010
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Paragraph superseded on 06/18/2012 after the end of the transition period stated in Accounting Standards Update No. 2010-16, Entertainment—Casinos (Topic 924): Accruals for Casino Jackpot Liabilities.
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Every substantive paragraph has been superseded by ASU 2014-09, so the subtopic carries no remaining guidance. Casino revenue is now accounted for under ASC 606, with any surviving industry considerations in ASC 924 and ASC 606-10-55.","key_points":["All recognition, presentation, implementation, and scope paragraphs of this subtopic (605-924-05-1, 15-1, 25-1 through 25-3, 45-1, 45-2, 55-1, 55-2) were superseded by Accounting Standards Update No. 2014-09.","605-924-50-1 is designated 'Paragraph not used,' so the subtopic contains no disclosure requirements.","The transition paragraph 605-924-65-1 was superseded on 06/18/2012 after the end of the transition period stated in ASU 2010-16, Entertainment—Casinos (Topic 924): Accruals for Casino Jackpot Liabilities.","Because nothing remains in force, casino gaming revenue is recognized under Topic 606's five-step model rather than legacy Topic 605 industry guidance.","ASU 2010-16 addressed when a casino may accrue a liability for base jackpots; that guidance, as amended, resides in Topic 924 rather than in this superseded revenue subtopic."],"categories":["Revenue","Industry-specific","Transition and effective dates"],"audience_level":"intermediate","student_note":"This subtopic is a shell—citing it as live authority is the classic mistake; ASU 2014-09 wiped out the legacy casino revenue rules. If you need casino revenue or jackpot accrual guidance today, go to ASC 606 (including the implementation guidance) and ASC 924.","related_topics":["606","924","606-10","340-40","605"],"key_concepts":["superseded guidance","casino gaming revenue","jackpot liabilities","industry-specific revenue recognition","legacy gaap","revenue standard transition"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4d95cfc4abb4fcf912c445a4c8f64209cdd234e365322e41a5ef72495c01feaa","downloaded_from":"2026-09-10T00:47:28.279Z","last_downloaded_at":"2026-09-10T00:47:49.424Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"605-928","title":"Entertainment—Music","topic_title":"Revenue 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