WAC 230-15-050   Minimum cash on hand requirements.  (1) Card game licensees must have sufficient cash on hand to redeem all chips issued for play and pay out all prizes.

     (2) Before opening for the business day, house-banked card game licensees must have at least the following minimum amount of cash in their cage:

     (a) One thousand dollars for each house-banked table on the gambling floor; plus

     (b) The amount of the largest single prize available or not more than twenty thousand dollars.

     For example: If a house-banked card room has fifteen house-banked tables and a largest single prize of twenty-three thousand dollars, before opening, the cage must have at least thirty-five thousand dollars on hand: 15 tables x $1,000 = $15,000 + largest single prize or $20,000 = $35,000).

     (3) Except for the restrictions on player-supported jackpot pay outs in WAC 230-15-405 and progressive jackpot pay outs in WAC 230-15-690, licensees may pay prizes by check if sufficient funds are available on deposit.

     (4) Failure to keep funds to cash in chips, pay prizes, or redeem gambling related checks is prima facie evidence of fraud. Meeting the minimum cage cash amount does not relieve the licensee from the requirement to have sufficient funds available to redeem all chips and pay out all prizes.



[Statutory Authority: RCW 9.46.070. 07-23-081 (Order 620), § 230-15-050, filed 11/20/07, effective 1/1/08; 07-09-033 (Order 608), § 230-15-050, filed 4/10/07, effective 1/1/08.]