WAC 230-15-455   Keeping funds to pay prizes, progressive jackpot prizes, and odds-based wager prizes.  (1) House-banked card game licensees must ensure that they have sufficient funds available to pay prizes, progressive jackpot prizes and odds-based wager prizes. An "odds-based wager" means a wager where the player wins an amount over and above the amount he or she wagered if a fixed pattern or combination of cards occurs, for example, a royal flush, four aces, or a pair.

     (2) Licensees must not offer card games until they have met all of these requirements:

     (a) Keep a separate bank account for progressive jackpot prizes and odds-based wager prizes. The account must be kept in a bank, mutual savings bank, or credit union located in Washington state; and

     (b) Keep in the account an amount equal to all individual odds-based wager prizes offered which are greater than twenty-five thousand dollars and all progressive jackpot prize funds; and

     (c) Use the highest wager they allow to calculate the individual odds-based wager prize amount and determine the deposit requirement; and

     (d) Deposit at least weekly all funds accrued for progressive jackpot prizes.

     (3) Licensees may limit pay outs by using table aggregates.

     (4) If the prize bank account is reduced below the level required, licensees must immediately stop operating games until they are in compliance.

     (5) A licensee's failure to keep funds as required in this rule is prima facie evidence of defrauding the public and a violation of RCW 9.46.190.



[Statutory Authority: RCW 9.46.070. 07-09-033 (Order 608), § 230-15-455, filed 4/10/07, effective 1/1/08.]