S.D. Admin. R. 20:18:36.18

Current through Register Vol. 50, page 159, June 17, 2024

Section 20:18:36.18 - Account credits and deposits

After establishment, a wagering account may be funded using approved methods that produce a sufficient audit trail for verification of the source of the wagers.

The approved methods for funding accounts are:

(1) Cash or voucher deposits;

(2) Check, money order, or negotiable order of withdrawal;

(3) Charges made to an account holder's credit card or debit card;

(4) Bonus or promotional credit;

(5) Electronic funds transfer from a monetary account controlled by an account holder;

(6) Credit for winnings from wagers placed with funds in the account;

(7) Adjustments made by the licensee with documented notification to the account holder;

(8) Wire transfer; or

(9) Any other means approved by the commission pursuant to internal control procedures.

For credit cards or debit cards and electronic fund transfers, the account holder is liable for any charges imposed by the transmitting or receiving entity, with such charges to be deducted from the account.

Any funds deposited pursuant to this section are available for wagering use in accordance with the financial institution's policy regarding funds availability.

S.D. Admin. R. 20:18:36.18

48 SDR 014, effective 8/22/2021; 48 SDR 061, effective 12/8/2021

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

Law Implemented: SDCL 42-7B-77.