Section 99-01.3-07-02 - RecordkeepingRecords must include and be retained for three years from the end of the quarter in which the activity was reported:
1. For each sports-pool board: a. The sold board with the state gaming stamp affixed which must indicate the winning square or line;b. The daily starting and ending cash on hand and IOU records according to section 99-01.3-03-06;c. Cash profit as defined in subdivision i of subsection 9 of section 99-01.3-02-01;d. The type of professional sport and amount of each prize;e. A summary of gross proceeds, prizes, adjusted gross proceeds, cash profit, cash long or short, and bank deposit. The summaries of all sports-pool boards conducted during a quarter must reconcile to the activity reported on a tax return;f. Prize register according to section 99-01.3-03-07 and record of win according to section 99-01.3-03-08; andg. Inventory records according to subsection 1 of section 99-01.3-03-09.2. Ideal cash bank master records according to subsection 4 of section 99-01.3-03-09.3. Verification of the amount deposited according to a bank statement, and an audit of the event's activity according to subsections 6 and 7 of section 99-01.3-03-10.4. The count and reconciliation of sports-pool boards and cash banks according to subsections 1, 4, and 6 of section 99-01.3-03-09.N.D. Admin Code 99-01.3-07-02
Effective May 1, 1998; amended effective July 1, 2000; July 1, 2002; July 1, 2004; October 1, 2006; July 1, 2010.Amended by Administrative Rules Supplement 2016-360, April 2016, effective 4/1/2016.Amended by Administrative Rules Supplement 369, July 2018, effective 7/1/2018.Amended by Administrative Rules Supplement 2022-387, January 2023, effective 1/1/2023.General Authority: NDCC 53-06.1-01.1
Law Implemented: NDCC 53-06.1-01.1