Md. Code Regs. 36.10.13.36

Current through Register Vol. 51, No. 26, December 27, 2024

Section 36.10.13.36 - Accounting Controls for a Count Room

A. This regulation is only applicable to the holder of a sports wagering facility licensee.

B. Count Schedule. At least 30 days before sports wagering operations are to commence or other time period as approved by the Commission, a licensee shall submit to the Commission a count schedule setting forth the specific times during which cash storage drop boxes are to be counted and recorded.

C. Notifications. Within 24 hours of the change or deviation, a licensee shall:

(1) Notify the Commission in writing of any permanent change in the count schedule; and

(2) Notify the Commission of any temporary deviation from the count schedule.

D. Count Frequency. A licensee shall count the contents of each cash storage box at least once daily unless an alternative count schedule is submitted in writing to and approved in writing by the Commission.

E. Procedures. A licensee shall develop and include in the internal controls submitted to and approved by the Commission under Regulation .04 of this chapter procedures addressing the counting and recording of cash storage drop boxes.

F. Internal Controls. A sports wagering licensee's internal controls shall:

(1) Detail all hardware, software, and related equipment utilized by the sports wagering licensee to conduct the count;

(2) Detail the actual procedures to be performed and documentation to be generated;

(3) Require equipment utilized to count and strap currency, winning sports wagering tickets, sports wagering vouchers, and promotional play instruments to:

(a) Conduct two separate counts;

(b) If the separate counts are not in agreement, document the discrepancy; and

(c) If a sports wagering platform, point of sale system, or promotional play system is utilized to obtain the amount of a winning sports wagering ticket, sports wagering voucher or promotional play instrument, require the system to perform a calculation or integrity check to ensure that the amount of a sports wagering ticket or promotional play instrument has not been altered in the system in any manner since the time of issuance; and

(4) Require a count room employee to wear a one-piece, pocketless garment.

G. A winning sports wagering ticket, sports wagering voucher or promotional play instrument accepted by a cash storage drop box shall be counted and included in the calculation of proceeds without regard to the validity of the sports wagering ticket or promotional play instrument.

H. A promotional play instrument which is not cancelled upon acceptance or during the count process shall be cancelled prior to the conclusion of the count.

I. Within 72 hours of the count, a licensee shall report in writing to the Commission:

(1) Any variance between:

(a) The actual count of cash, winning sports wagering tickets, sports wagering vouchers and promotional play instruments in a cash storage box as determined in the count room; and

(b) The amount for the cash storage box recorded on the sports wagering licensee's sports wagering platform or point of sale system;

(2) The reason for the variance; and

(3) Corrective action taken or adjustments made.

Md. Code Regs. 36.10.13.36

Amended effective 49:1 Md. R.16, eff. 1/13/2022