Effective Date of Rule: July 1, 2010.
Purpose: A majority of card room licensees use on-line banking. This rule change allows licensees and staff to use on-line access to bank accounts to verify player-supported jackpot funds and progressive jackpot prize funds. This rule change will bring our rules up-to-date with current technology, while not compromising the integrity of our regulatory program. The change codifies current agency practice.
Citation of Existing Rules Affected by this Order: Amending WAC 230-15-720 and 230-15-400.
Statutory Authority for Adoption: RCW 9.46.070.
Adopted under notice filed as WSR 10-07-068 on March 16, 2010.
Number of Sections Adopted in Order to Comply with Federal Statute: New 0, Amended 0, Repealed 0; Federal Rules or Standards: New 0, Amended 0, Repealed 0; or Recently Enacted State Statutes: New 0, Amended 0, Repealed 0.
Number of Sections Adopted at Request of a Nongovernmental Entity: New 0, Amended 0, Repealed 0.
Number of Sections Adopted on the Agency's Own Initiative: New 0, Amended 2, Repealed 0.
Number of Sections Adopted in Order to Clarify, Streamline, or Reform Agency Procedures: New 0, Amended 2, Repealed 0.
Number of Sections Adopted Using Negotiated Rule Making: New 0, Amended 0, Repealed 0; Pilot Rule Making: New 0, Amended 0, Repealed 0; or Other Alternative Rule Making: New 0, Amended 2, Repealed 0.
Date Adopted: May 17, 2010.
AMENDATORY SECTION(Amending Order 660, filed 9/11/09, effective 1/1/10)
WAC 230-15-400 Accounting for player-supported jackpot funds. Class F or house-banked licensees must:
(1) Maintain a separate bank account in a bank, mutual savings bank, or credit union in Washington state for holding player-supported jackpot (PSJ) funds; and
(2) Deposit only funds from PSJs into the account; and
(3) Not make payouts from the PSJ funds until licensees have first deposited the funds in the PSJ account. However, licensees may pay out prizes won during the gambling day and deduct administrative expenses before licensees deposit the funds; and
(4) Transfer or deposit the PSJ funds into the PSJ account or with an armored car service no later than the second banking day after the close of business; and
(5) Identify all deposits or transfers of PSJ funds by the type of PSJ fund and date of collection. Licensees must keep the validated deposit receipts or transfer information as a part of their required daily records or have on-line access to their player-supported jackpot bank accounts; and
(6) Transfer the amount from the PSJ account to the cage or general account before the end of the month if PSJ prizes are paid from the cage or general account. The licensee must keep the transfer information as part of the written records; and
(7) Reconcile the account balance in their bank statement to the PSJ prize balance on their PSJ fund accrual record each month. "Reconcile" means the licensee must compare the two balances, resolve any differences, and document the comparison and the differences in writing. Licensees must keep the reconciliation as part of their records.
[Statutory Authority: RCW 9.46.070. 09-19-051 (Order 660), § 230-15-400, filed 9/11/09, effective 1/1/10; 07-10-034 (Order 611), § 230-15-400, filed 4/24/07, effective 1/1/08.]
AMENDATORY SECTION(Amending Order 608, filed 4/10/07, effective 1/1/08)
WAC 230-15-720 Deposit and reconciliation requirements for progressive jackpot prizes. (1) House-banked card game licensees must deposit all progressive jackpot funds in a separate bank account at least weekly.
(2) Licensees must:
(a) Keep a record of all deposits; and
(b) For each progressive prize, identify the deposits by game name and number and dates of collection; and
(c) Maintain validated deposit slips as part of their records or have on-line access to their progressive jackpot prize bank accounts.
(3) At the end of the month, licensees must:
(a) Reconcile the account balance with the bank statement to the progressive jackpot fund balances. "Reconcile" means the licensee must compare the two balances, resolve any differences, and document the comparison and the differences in writing; and
(b) Keep the reconciliation as part of their records.
[Statutory Authority: RCW 9.46.070. 07-09-033 (Order 608), § 230-15-720, filed 4/10/07, effective 1/1/08.]