Md. Code Regs. 36.07.04.14

Current through Register Vol. 51, No. 24, December 2, 2024

Section 36.07.04.14 - Jackpot Payout

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, in connection with the payment of a jackpot of $1,200 or more.

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.

Md. Code Regs. 36.07.04.14

Regulations .14 adopted as an emergency provision effective 40:20 Md. R. 1650, eff.8/26/2013 ; adopted permanently effective December 12, 2013 40:24 Md. R. 2019, eff.8/26/2013