68 Ind. Admin. Code 10-1-1.1

Current through October 23, 2024

Section 68 IAC 10-1-1.1 - Rate of progression

Authority: IC 4-33-4-1; IC 4-33-4-2

Affected: IC 4-33-8

Sec. 1.1.

(a) This section applies to a riverboat licensee that offers a live gambling game with a progressive feature.

(b) As used in this rule, "rate of progression" means the amount by which the progressive jackpot will increase incrementally for each credit wagered by a player to participate in the progressive feature of the live gaming device.

(c) The rate of progression that must be offered on a gambling game with a progressive feature must be at least sixty percent (60%) and not more than one hundred percent (100%).

(d) Once a gambling game is offered with an established rate of progression, the rate of progression shall not be changed until after a patron wins the jackpot.

(e) The riverboat licensee shall submit, at a minimum, the following information to chief counsel for the commission:

(1) The types of gambling games that will offer a progressive feature.

(2) The location of the gambling games that will offer a progressive feature.

(3) The rate of progression for each gambling game.

(4) The reset amount for each gambling game.

The information required by this subsection must be submitted when a new progressive live gaming device is introduced into the casino or the riverboat licensee changes the rate of progression on an existing progressive live gaming device.

68 IAC 10-1-1.1

Indiana Gaming Commission; 68 IAC 10-1-1.1; filed Jun 1, 1998, 2:27 p.m.: 21 IR 3708; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA

Readopted filed 11/24/2014, 10:49 a.m.: 20141224-IR-068140402RFA

Filed 11/13/2015, 2:37 p.m.: 20151209-IR-068150113FRA

Readopted filed 11/24/2020, 2:41 p.m.: 20201223-IR-068200446RFA