# ASC 605-924: Revenue Recognition — Entertainment—Casinos

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/605/924/)

Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T00:47:28.279Z to 2026-09-10T00:47:49.424Z

Record version: sha256:ec7d614197471f0302ed997b95fc7b51fdf4b9c9d76c5e468e2a1cd6bdfc4b99

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924: Revenue Recognition — Entertainment—Casinos

### Machine-generated study aids

```json
{
  "summary": "ASC 605-924 formerly contained the industry-specific revenue recognition guidance for casinos (gaming revenue, casino jackpot liabilities, and related presentation). Every substantive paragraph has been superseded by ASU 2014-09, so the subtopic carries no remaining guidance.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and scope paragraphs of this subtopic (605-924-05-1, 15-1, 25-1 through 25-3, 45-1, 45-2, 55-1, 55-2) were superseded by Accounting Standards Update No. 2014-09.",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    "The transition paragraph 605-924-65-1 was superseded on 06/18/2012 after the end of the transition period stated in ASU 2010-16, Entertainment—Casinos (Topic 924): Accruals for Casino Jackpot Liabilities.",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a casino may accrue a liability for base jackpots; that guidance, as amended, resides in Topic 924 rather than in this superseded revenue subtopic."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"
  ]
}
```

Source downloaded (UTC): 2026-09-10T00:47:28.279Z to 2026-09-10T00:47:28.279Z

Record version: sha256:38401cb9811eb0f70435e5fce824767219cbb2acc0bbfd758eddb94fcee360a5

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-00: 00 Status

[Read section](https://asc.understandingaccounting.org/asc/605/924/#00-status)

SEC content: no

##### [605-924-00-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-00-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:28.279Z to 2026-09-10T00:47:28.279Z

Record version: sha256:85f5c59e7870ce0ea2a12ee0f09aabd54b73c329440dd145bc88d5a48c60667b

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The following table identifies the changes made to this Subtopic.

<table class="asc-table" frame="all" id="SL6330547-165672"><tbody><tr><td class="entry"><strong class="ph b">Paragraph</strong></td><td class="entry"><strong class="ph b">Action</strong></td><td class="entry"><strong class="ph b">Accounting Standards Update</strong></td><td class="entry"><strong class="ph b">Date</strong></td></tr><tr><td class="entry"></td><td class="entry"></td><td class="entry"></td><td class="entry"></td></tr><tr><td class="entry"><strong class="ph b">Base Jackpot</strong></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><strong class="ph b">Slot Machine</strong></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><strong class="ph b">Win</strong></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"></td><td class="entry"></td><td class="entry"></td><td class="entry"></td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-05-1" class="xref">924-605-05-1</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-15-1" class="xref">924-605-15-1</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><div class="xref-range displayInline"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-25-1" class="xref">924-605-25-1 through 25-3</a></div></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-25-2" class="xref">924-605-25-2</a></td><td class="entry">Amended</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2010-16/" class="xref">Accounting Standards Update No. 2010-16</a></td><td class="entry">04/26/2010</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-45-1" class="xref">924-605-45-1</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-45-2" class="xref">924-605-45-2</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-55-1" class="xref">924-605-55-1</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-55-1" class="xref">924-605-55-1</a></td><td class="entry">Added</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2010-16/" class="xref">Accounting Standards Update No. 2010-16</a></td><td class="entry">04/26/2010</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-55-2" class="xref">924-605-55-2</a></td><td class="entry">Superseded</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2014-09/" class="xref">Accounting Standards Update No. 2014-09</a></td><td class="entry">05/28/2014</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-55-2" class="xref">924-605-55-2</a></td><td class="entry">Added</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2010-16/" class="xref">Accounting Standards Update No. 2010-16</a></td><td class="entry">04/26/2010</td></tr><tr><td class="entry"><a href="https://asc.understandingaccounting.org/asc/605/924/#605-924-65-1" class="xref">924-605-65-1</a></td><td class="entry">Added</td><td class="entry"><a href="https://asc.understandingaccounting.org/updates/asu-2010-16/" class="xref">Accounting Standards Update No. 2010-16</a></td><td class="entry">04/26/2010</td></tr></tbody></table>

Source downloaded (UTC): 2026-09-10T00:47:31.055Z to 2026-09-10T00:47:31.055Z

Record version: sha256:5d404abfa5a44be363ca0b4756db1c5bc1aa9099287373f40722ef1328a12460

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/605/924/#05-overview-and-background)

SEC content: no

##### [605-924-05-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-05-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:31.055Z to 2026-09-10T00:47:31.055Z

Record version: sha256:a7c908167a1caf88a5442da4fd3acfae60b7a9dfd58110d3560cc7e12d67670b

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

Source downloaded (UTC): 2026-09-10T00:47:33.874Z to 2026-09-10T00:47:33.874Z

Record version: sha256:283d40702444ddd419dbaabda6f721490a541d19416051716593a33fb4fec7be

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/605/924/#15-scope-and-scope-exceptions)

SEC content: no

##### [605-924-15-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-15-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:33.874Z to 2026-09-10T00:47:33.874Z

Record version: sha256:16448d76bbf4a95e43bcd170fbba34750e166386c18590441555269a8ff334df

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

Source downloaded (UTC): 2026-09-10T00:47:35.837Z to 2026-09-10T00:47:35.837Z

Record version: sha256:bf80daccfc71ebb0d1c9b1bcb06f8014d57392beb32471eb856fa5712af96202

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-20: 20 Glossary

[Read section](https://asc.understandingaccounting.org/asc/605/924/#20-glossary)

SEC content: no

Source downloaded (UTC): 2026-09-10T00:47:39.057Z to 2026-09-10T00:47:39.057Z

Record version: sha256:9ef8adfa8d96db42add5d977267c7e0557d4584afbd28153cb8ea02dd3780557

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/605/924/#25-recognition)

SEC content: no

##### [605-924-25-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-25-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:39.057Z to 2026-09-10T00:47:39.057Z

Record version: sha256:8347675889bfed8dae97ab97bd78d95ff1ea9127ab2a1cc60f33b804d6a5cca2

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [605-924-25-2](https://asc.understandingaccounting.org/asc/605/924/#605-924-25-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:39.057Z to 2026-09-10T00:47:39.057Z

Record version: sha256:25f209f225dd80ee902bdc0565fb1825d967bd6a6c0bdab592967ab591062f30

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [605-924-25-3](https://asc.understandingaccounting.org/asc/605/924/#605-924-25-3)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:39.057Z to 2026-09-10T00:47:39.057Z

Record version: sha256:5fdfa1ae92b2a9f1824e9c4397db479d92c9d24093820303bd0f76f3561d0c85

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

Source downloaded (UTC): 2026-09-10T00:47:41.274Z to 2026-09-10T00:47:41.274Z

Record version: sha256:a159ab3bb4c145cd3051bceaaf65f05d30a651fc965601ed9fb7d288fdc3ffd2

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/605/924/#45-other-presentation-matters)

SEC content: no

##### [605-924-45-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-45-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:41.274Z to 2026-09-10T00:47:41.274Z

Record version: sha256:a85b48a83d039d69d00c3d2892e68fd1a82bafe75bc63a8fcd2d52c73cf531a7

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [605-924-45-2](https://asc.understandingaccounting.org/asc/605/924/#605-924-45-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:41.274Z to 2026-09-10T00:47:41.274Z

Record version: sha256:cb39cb3553026d280e63a8fd755777fe006862b7cde819cbfa58e3882889ec31

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

Source downloaded (UTC): 2026-09-10T00:47:45.211Z to 2026-09-10T00:47:45.211Z

Record version: sha256:b6a61c8537fdc20a308891988a82298a7fbe7fb3986ab6c79cc10cc1c5352ed8

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-50: 50 Disclosure

[Read section](https://asc.understandingaccounting.org/asc/605/924/#50-disclosure)

SEC content: no

##### [605-924-50-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-50-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:45.211Z to 2026-09-10T00:47:45.211Z

Record version: sha256:13a19d709c636667a7cb14a7510daec291b3fe15eb122ef0e9e848b13edf2dd8

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/).

Source downloaded (UTC): 2026-09-10T00:47:47.069Z to 2026-09-10T00:47:47.069Z

Record version: sha256:3409d84f2c3c10aae1d280cc6737adaaf0c35f5a282a843d2fe02586d62d5a1f

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-55: 55 Implementation Guidance and Illustrations

[Read section](https://asc.understandingaccounting.org/asc/605/924/#55-implementation-guidance-and-illustrations)

SEC content: no

##### [605-924-55-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-55-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:47.069Z to 2026-09-10T00:47:47.069Z

Record version: sha256:7e545ec5ef9d4db6237e89f64bdc11bb718503b0d70162e9c101603f41f40571

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

##### [605-924-55-2](https://asc.understandingaccounting.org/asc/605/924/#605-924-55-2)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:47.069Z to 2026-09-10T00:47:47.069Z

Record version: sha256:7254614d28d70527bbd935f35b17ed1c347394fa5c1608be619d7d5366c701e0

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


[Paragraph superseded by Accounting Standards Update No. 2014-09](https://asc.understandingaccounting.org/updates/asu-2014-09/).

Source downloaded (UTC): 2026-09-10T00:47:49.424Z to 2026-09-10T00:47:49.424Z

Record version: sha256:a254cafbc88e592f368ae210576a0dae0bf448c1496b54df75d10a54fa7a37a3

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-924-65: 65 Transition and Open Effective Date Information

[Read section](https://asc.understandingaccounting.org/asc/605/924/#65-transition-and-open-effective-date-information)

SEC content: no

##### [605-924-65-1](https://asc.understandingaccounting.org/asc/605/924/#605-924-65-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:47:49.424Z to 2026-09-10T00:47:49.424Z

Record version: sha256:89eeb8e8961fe9fc76e5a513f5e0e66378957c67ae4e12f28dcdc6327f9d213d

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


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_.