S.D. Admin. R. 20:18:17:24.11
Current through Register Vol. 51, page 57, November 12, 2024
Payments of large progressive or static jackpots exceeding $100,000 for twenty-five cent and one dollar devices and exceeding $20,000 for five cent devices may be paid in annual equal installments over a period of not more than 25 years or as otherwise approved by the executive secretary. A slot machine paying by annuity must have a notice prominently posted on it that the jackpot will be paid over time, the number of payments, and the time interval between the payments. The first payment must take place immediately after verification of the jackpot.
S.D. Admin. R. 20:18:17:24.11
General Authority: SDCL 42-7B-7.
Law Implemented: SDCL 42-7B-7, 42-7B-11(13).