Section 230-15-720 - Deposit and reconciliation requirements for progressive jackpot prizes(1) House-banked card room licensees must deposit all progressive jackpot funds in a separate bank account at least weekly. The account must be kept in a bank, mutual savings bank, or credit union located in Washington state. If the progressive bank account is reduced below the progressive jackpot prize posted at the gambling table, licensees must immediately stop operating the progressive game until they are in compliance.(2) Licensees must: (a) Keep a record of all deposits; and(b) For each progressive jackpot prize, identify the deposits by game name and dates of collection; and(c) Maintain validated deposit slips as part of their records or have online access to their progressive jackpot prize bank accounts.(3) Licensees must: (a) Reconcile the account balance with the bank statement to the progressive jackpot fund balances. "Reconcile" means the licensee must compare the two balances, resolve any differences, and document the comparison and the differences in writing; and(b) Complete the reconciliation within seven days following the end of the month; and(c) Keep the reconciliation as part of their records.Wash. Admin. Code § 230-15-720
Amended by WSR 21-11-057, Filed 5/14/2021, effective 6/14/2021Statutory Authority: RCW 9.46.070. 10-11-087 (Order 669), § 230-15-720, filed 5/17/10, effective 7/1/10; 07-09-033 (Order 608), § 230-15-720, filed 4/10/07, effective 1/1/08.