N.Y. Comp. Codes R. & Regs. tit. 9 § 5112.2

Current through Register Vol. 46, No. 45, November 2, 2024

Section 5112.2 - Deposit of video lottery gaming revenues by agents

(a) Daily deposit. Each video lottery gaming agent shall be required to deposit daily into the dedicated bank account for video lottery gaming revenue the net proceeds from video lottery gaming for the previous day as determined by the video lottery gaming central system and related reports. Any withholdings for Federal, State, and local income taxes, or public assistance and child support intercepts, shall be included in the daily deposit. The commission shall remit such withholdings when received to the appropriate governmental agencies.

(b) Electronic funds transfer. The net proceeds of video lottery gaming required to be remitted daily to the commission by this Part shall be remitted through an Electronic Funds Transfer ( EFT) from the dedicated bank account for video lottery gaming revenue provided by the video lottery gaming agent. The commission may utilize the EFT to adjust certain administrative expenses, prize payments or net machine income, as determined by the commission. To the extent that such daily EFT cannot be achieved due to the unavailability of bank services, the remission shall be made on the first day thereafter that such services are available. Failure to comply with this procedure for EFT may result in the immediate suspension of video lottery gaming at the video lottery gaming facility.

(c) Loss or theft. The commission is not responsible for the loss or theft of money prior to the distribution of such money to the commission.

(d) Prize lapse. Any prize that has not been paid out within a time period specified by the commission shall be remitted to the commission.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 5112.2

Amended New York State Register November 24, 2021/Volume XLIII, Issue 47, eff. 11/24/2021