S.D. Admin. R. 20:18:35:19

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

Section 20:18:35:19 - Tournament record keeping

Each licensee or sports wagering services provider shall maintain a record of each tournament, contest or pool it offers that must include all of the following:

(1) Name or identification of the tournament, contest, or pool;

(2) The date and time the tournament, contest, or pool occurred or will occur;

(3) Events and wager types;

(4) Rules concerning tournament, contest, or pool play and participation;

(5) Each registered patrons:

(A) Unique patron ID and username;

(B) Amount of entry fee collected, including any bonus or promotional credits, and the date collected;

(C) Scorings and rankings; and

(D) Amount of winnings paid, including any bonus or promotional credits, and the date paid;

(6) Total amount of entry fees collected, including any bonus or promotional credits;

(7) Total amount of winnings paid to patrons, including any bonus or promotional credits;

(8) Total rake, commission, or fees collected;

(9) Funding source amount or amounts comprising the prize pool;

(10) Prize structure on payout;

(11) Methodology for determining winner or winners; and

(12) The current status of the tournament, contest, or pool.

S.D. Admin. R. 20:18:35:19

48 SDR 014, effective 8/22/2021

General Authority: SDCL 42-7B-7, 42-7B-11(13).

Law Implemented: SDCL 42-7B-83.