Ohio Administrative Code › Title 3770:3 - Sports Gaming › Chapter 3770:3-8 - Type C Sports Gaming Prize Payment › Section 3770:3-8-02 - Prize payment

Current through all regulations passed and filed through July 1, 2024
(A)
								A prize resulting
			 from a type C sports gaming wager must be able to be validated promptly upon
			 completion of the sports wagering event, by the type C sports gaming proprietor
			 with which the wager was placed. The type C sports gaming proprietor will
			 create a credit voucher for prizes that are below the reportable winnings
			 amount set by
			 26 U.S.C.
			 6041, or a subsequent analogous section of
			 the Internal Revenue Code, which can be redeemed by the player for cash or the
			 monetary equivalent of cash. The type C sports gaming proprietor will create a
			 claim voucher for prizes that meet or exceed the reportable winnings amount set
			 by
			 26 U.S.C.
			 6041, or a subsequent analogous section of
			 the Internal Revenue Code, which are subject to reporting, withholding, and
			 intercept. All prize vouchers must be redeemed within one hundred eighty days
			 of the completion of the sports gaming event.
(B)
								A type C sports
			 gaming proprietor will allow its host location(s) to pay credit vouchers. A
			 type C sports gaming proprietor may negotiate lower prize payment thresholds
			 with the type C host. Such prizes will be paid in cash from the host's proceeds
			 of their sports gaming sales, which will be reimbursed by the type C sports
			 gaming proprietor.
(C)
								A type C sports gaming proprietor may allow for credit
			 vouchers to be credited to the player's credit account, debit account, or an
			 electronic payment account utilized to purchase the wager.
(D)
								A type C sports
			 gaming proprietor will establish a procedure by which players can redeem any
			 prize vouchers by mail.
(E)
								A type C sports gaming proprietor may offer electronic
			 player prize payments with the approval of the director. The type C sports
			 gaming proprietor must have procedures for ensuring sports gaming player
			 accounts comply with the player identification standards established in rule
			 3775-16-03 of the Administrative Code and any other requirements of Chapters
			 3770. and 3775. of the Revised Code and the rules adopted
			 thereunder.
(F)
								Subject to the approval of the director, a player may
			 redeem prize vouchers at the lottery headquarters or at a regional office
			 location of the lottery.
(G)
								A type C sports gaming proprietor may develop a system
			 to allow for validation and payment of lottery sports gaming vouchers at any
			 lottery sales agent or other approved cashing locations. The system must meet
			 security and financial requirements as approved by the lottery and verified
			 through an independent testing laboratory. Compensation for cashing may be
			 negotiated and paid for by the type C sports gaming proprietor.
(H)
								The lottery will
			 develop and offer an independent validation and cashing system that will be
			 available to any type C sports gaming proprietor or approved cashing location.
			 Compensation for cashing at an approved location will be negotiated and paid
			 for by the type C sports gaming proprietor under the terms of their contract
			 with the lottery.
(I)
								In connection with sports gaming prize winnings, credit
			 vouchers, claim vouchers, and/or prize payments, the type C sports gaming
			 proprietor must comply with all applicable laws regarding withholding of taxes,
			 debts, obligations and reporting requirements. Compliance with the applicable
			 laws may include, but is not limited to, submission of name, address, date of
			 birth and social security number of prize winner prior to redemption of a claim
			 voucher.
(J)
								A sports gaming prize winner's submission of name,
			 address, date of birth and social security number must include authorization to
			 the director and type C sports gaming proprietor to use said information for
			 verification of debts or obligations owed and/or reporting requirements. By
			 participating in sports gaming and/or by submitting a claim voucher to be paid,
			 a sports gaming participant consents, agrees and authorizes access to and use
			 of information submitted in connection with a prize payment claim for all
			 necessary purposes under the Lottery Act by the director, and authorized
			 representatives of the Ohio lottery commission, and the type C sports gaming
			 proprietor.
(K)
								After any required withholding, unless otherwise
			 specified by the director, payment and/or redemption of a valid prize voucher
			 will be made by the type C sports gaming proprietor that issued the prize
			 voucher.
(1)
									A
			 prize voucher will be deemed valid provided that:
(a)
										It is presented
			 on paper or other media approved by the director;
(b)
										It contains all
			 information necessary to process payment of the prize voucher and all such
			 information is legible;
(c)
										It is not mutilated, altered, tampered with, or
			 otherwise illegible;
(d)
										It has not previously been paid;
(e)
										It meets all
			 other rules, regulations, policies, and directives adopted, promulgated or
			 issued by the Ohio lottery commission or the director regarding valid sports
			 gaming wagers and credit vouchers.