S.D. Admin. R. 20:04:33:66

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:04:33:66 - Account credits

After the initial establishment of an account, credits to an account may only be made as follows:

(1) Deposits by the account holder in the form of:

(a) Cash;

(b) Check, money order, or negotiable order of withdrawal;

(c) Charges made to an account holder's debit card upon the direct and personal instruction of the account holder, which may be given by telephone to the hub licensee by the account holder if the use of the card has been approved by the hub licensee; or

(d) Electronic funds transfer from a monetary account controlled by an account holder. The account holder is liable for any charges imposed by the transmitting or receiving entity with such charges to be deducted from the account.

Any funds deposited pursuant to this subdivision are available for wagering use in accordance with the financial institution funds availability schedule;

(2) Credit for winnings from wagers placed with funds in an account and credit for account wagers that have been ordered refunded by the host track and posted to the account by the hub licensee;

(3) Incentives offered by the hub licensee for opening an account. This does not include the practice known as rebating; or

(4) Interest paid by hub licensee, if any.

S.D. Admin. R. 20:04:33:66

32 SDR 32, effective 8/30/2005.

General Authority: SDCL 42-7-56(15)(16).

Law Implemented: SDCL 42-7-56(15)(16), 42-7-58.1.

Prohibited practices, subdivision 20:04:33:08(1).