Regulation .14 Jackpot Payout.
Regulation .14 Jackpot Payout.LinkCopy Citation
A.
A facility operator shall develop and include in the internal controls submitted to and approved by the Commission under
Regulation .04 of this chapter, procedures addressing the payment of a jackpot or credit meter payout not totally and automatically paid by an instant bingo machine.
B.
A facility operator shall prepare and timely file IRS Form W-2G, Certain Gambling Winnings as required by the IRS.
C.
A facility operator shall pay a jackpot or credit meter payout of:
(1)
$10,000 or more by check; and
(2)
Less than $10,000 by:
(a)
Cash or check; or
(b)
Check on the request of a player.