S.D. Admin. R. 20:04:33:07.05

Current through Register Vol. 51, page 57, November 12, 2024

Section 20:04:33:07.05 - End-of-day reports

For each race offered, the totalizator system must be capable of producing the following reports and have the reports available for review by the executive secretary:

(1) The balance report showing the following for every wagering device operated on that day:

(a) The teller's name or identification number, if applicable;

(b) The total value and number of tickets sold, canceled, and cashed for the current day;

(c) The total amount of money drawn from the customer accounts, including the beginning draws;

(d) The total amount of money returned to the customer accounts; and

(e) A listing of adjustments made to each wagering device balance after each wagering device has been individually balanced;

(2) The wagering summary report showing:

(a) By wagering site, the amount wagered, refunded, and added for every pool and for each race;

(b) The time of day each race's pools closed;

(c) The commissions deducted, breakage calculated, and amount paid out for every pool in each race;

(d) The total value of outstanding vouchers before the pools were opened for the performance, the value of the vouchers cashed during the performance, the value of vouchers to be added to the outstanding voucher total, and the new outstanding voucher total;

(3) The system balance report comparing the pool and paid-out totals obtained by processing the transaction files with the pool and paid-out totals obtained from the actual calculations;

(4) The money room balance report showing cash added and subtracted from the beginning day's balance resulting from the day's wagering and cashing transactions; and

(5) The IRS report showing the winner's social security number, the ticket number, amount won, and taxes withheld for each transaction requiring a Form W2-G to be filed with the IRS.

S.D. Admin. R. 20:04:33:07.05

34 SDR 200, effective 1/29/2008.

General Authority: SDCL 42-7-56(13)(16).

Law Implemented: SDCL 42-7-56(16), 42-7-58.1.