Section 230-14-250. Recording carry-over jackpots on a cash basis.

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(1) Operators must record carry-over jackpots on a cash basis. "Cash basis" means operators do not record carry-over jackpot contributions until the prize is awarded.

(2) However, punch board and pull-tab licensees who also hold a Class F or above bingo license may record carry-over jackpot contributions on their monthly records if they:

(a) Record contribution amounts, up to the jackpot maximum, as prizes paid on the monthly records; and

(b) When the jackpot is awarded, record only amounts not previously accrued as prizes paid; and

(c) Play no more than five carry-over jackpot series at once; and

(d) Maintain a proper audit trail and adequate security over the funds if the licensee does not deposit the contributions with the net receipts.

[Statutory Authority: RCW 9.46.070. WSR 07-17-058 (Order 614), § 230-14-250, filed 8/10/07, effective 1/1/08.]

RCW 9.46.070. WSR 07-17-058 (Order 614), § 230-14-250, filed 8/10/07, effective 1/1/08.

                    
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