N.Y. Comp. Codes R. & Regs. tit. 9 § 5001.25

Current through Register Vol. 46, No. 51, December 18, 2024

Section 5001.25 - Deposit of lottery revenues by lottery sales agents

(a)Deposit of receipts.

All lottery sales agents are required to deposit in a designated depository or bank all monies received by such lottery sales agents from the sale of lottery tickets, less lottery sales agent compensations, and credit, if any, for redeemed tickets along with reports of receipts and transactions on forms provided by the commission for such purpose. In preparing such forms and reports, lottery sales agents shall refer to the manuals and other instructions made available by the commission for each lottery game.

(b) All tickets accepted by a lottery sales agent from the commission or the commission's vendor are deemed to have been purchased by the lottery sales agent, unless returned to the commission or the commission's vendor within the time specified by the commission and the purchase price shall be paid to the commission, less the appropriate lottery sales agent compensation, if any. The lottery sales agent is responsible for lost, stolen or missing tickets not returned, and must pay for such tickets as required by the commission.

(c) The commission may authorize any person to perform functions, activities, or services in connection with the operation of the lottery as the commission may deem advisable to accomplish the purposes of the acts. Such functions, activities or services shall constitute lawful functions, activities or services of such person. Banks shall provide the commission with statements of all transactions as required by the commission.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 5001.25

Amended New York State Register April 10, 2019/Volume XLI, Issue 15, eff.4/10/2019