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PDFWAC 230-15-720

Deposit and reconciliation requirements for progressive jackpot prizes.

(1) House-banked card game licensees must deposit all progressive jackpot funds in a separate bank account at least weekly.
(2) Licensees must:
(a) Keep a record of all deposits; and
(b) For each progressive prize, identify the deposits by game name and number 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) At the end of the month, 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) Keep the reconciliation as part of their records.
[Statutory Authority: RCW 9.46.070. WSR 10-11-087 (Order 669), § 230-15-720, filed 5/17/10, effective 7/1/10; WSR 07-09-033 (Order 608), § 230-15-720, filed 4/10/07, effective 1/1/08.]
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