N.H. Admin. Code § Lot 8204.08

Current through Register No. 44, October 31, 2024

Section Lot 8204.08 - Required Reports, Audits and Inspections

(a) All systems used for pari-mutuel wagering on historic horse races shall provide financial reports for individual approved wager model configurations and total pool amounts for each pool.

(b) The reports required by (a) above shall be delivered to the commission and its designated integrity auditor by a delivery method and electronic format acceptable by the commission no later than 8 hours after the conclusion of all operations for the day, with information current since the end of the last wagering day, an include:

(1) Current values of each pari-mutuel wagering pool;

(2) Total amounts wagered for all pools;

(3) Total amounts won by patrons for all pools;

(4) Total amount of the takeout for all pools;

(5) Total breakage for each pool;

(6) Total amount wagered at each terminal;

(7) Total amount won by patrons at a terminal;

(8) The amount wagered on each mathematical model configuration and the amount won from each mathematical model configuration offered at a terminal;

(9) Total amount of each type of financial instrument inserted into a terminal;

(10) Total amount cashed out in voucher or handpays at a terminal;

(11) Taxable win events including:

a. Time and date of win;

b. Wagering terminal identification number;

c. Amount wagered resulting in taxable win;

d. Taxable amount won; and

e. Withholding amount; and

(12) A complete detailed list of pari-mutuel wagering transactions per day per location per ma method per pool.

(c) Each HHR licensee shall annually submit to the commission on or before June 1 an annual financial report that includes, at a minimum:

(1) A balance sheet;

(2) An income statement;

(3) A statement of changes in retained earnings; and

(4) A statement of changes in financial position and the applicable notes to those financial statements for the prior year's operations of the person, association, or corporation.

(d) The annual financial report required by (c) above shall:

(1) Be reviewed or audited by a certified public accountant licensed to practice in the state of New Hampshire in accordance with RSA 309-A; and

(2) Conform to the general standards of accounting principles as set forth in Act 504.

(e) On an annual basis, the HHR licensee or the terminal provider(s) under contract with the licensee shall obtain and submit a SOC 1 SSAE 18 Type 2 report issued by a licensed CPA.

(f) The HHR licensee shall include historic horse racing when fulfilling its requirement under L 7207.04(p) relative to the minimum bankroll analysis.

(g) The commission or its authorized representatives may, at any time, conduct an audit or inspection the financial reports, software, terminals, or other equipment used by an HHR licensee in conducting operation under this chapter.

N.H. Admin. Code § Lot 8204.08

Derived from Volume XLII Number 6, Filed February 10, 2022, Proposed by #13330, Effective 1/22/2022, Expires 1/22/2032.