S.D. Admin. R. 20:18:35:21

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

Section 20:18:35:21 - Bonus or promotional wagering

A licensee or sports wagering services provider may conduct sports wagering bonus or promotional offers subject to the following:

(1) A licensee or sports wagering services provider shall maintain a record of the following information for all bonus or promotional offers related to sports wagering:

(A) The unique ID for each bonus or promotional offer;

(B) The date and time the bonus or promotional offer was or is scheduled to be available;

(C) The terms of the bonus or promotional offer; and

(D) The date and time the bonus or promotional offer was or is scheduled to be decommissioned;

(2) All bonus or promotional offers must be stated in clear and unambiguous terms and must be accessible by the patron after the offer is accepted and before completion. Offer terms and the record of all offers must include all of the following:

(A) The date and time presented;

(B) The date and time the offer is active and expires;

(C) Patron eligibility, including any limitations on participation;

(D) Any restriction on withdrawals of funds;

(E) Wagering requirements and limitations on events or wager types;

(F) How the patron is notified when they have received an award;

(G) The order in which funds are used for wagers;

(H) Eligible events or wager types; and

(I) Rules regarding cancellation;

(3) A licensee or sports wagering services provider shall provide a clear and conspicuous method for a patron to cancel the patron's participation in a bonus or promotional offer that utilizes restricted wagering credits that cannot be cashed out until a wagering requirement or other restrictions associated with the credits is met;

(4) Upon request for cancellation, the licensee or sports wagering services provider shall inform the patron of the amount of unrestricted funds that will be returned upon cancellation and the value of restricted wagering credits that will be removed from the wagering account;

(5) If a patron elects to proceed with cancellation, unrestricted funds remaining in a patron's wagering account must be returned according to the terms of the bonus or promotional offer; and

(6) Once a patron has met the terms of a bonus or promotional offer, a licensee or sports wagering services provider may not limit winnings earned by the patron while participating in the offer.

S.D. Admin. R. 20:18:35:21

48 SDR 014, effective 8/22/2021

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

Law Implemented: SDCL 42-7B-2.1(1), 42-7B-43.