Oklahoma Administrative Code › Title 429 - Oklahoma Lottery Commission › Chapter 10 - Retailer Provisions › Section 429:10-1-10 - Settlement and retailer invoicing

Current through Vol. 41, No. 20, July 1, 2024
(a) The
			 accounting period for purposes of preparing retailer invoices shall be weekly
			 from Saturday at 12:00 midnight through the following Saturday at 11:59:59 p.m.
(b) All packs of instant tickets
			 activated in an accounting period and for which the prize validation
			 requirements specified in (c) of this Section have occurred, and all sales of
			 online game tickets occurring within the accounting period will be invoiced to
			 the retailer, less any retailer commissions and/or OLC authorized adjustments.
			 The retailer invoice will be available through the OLC lottery sales terminal
			 after 6:00 a.m. on Sunday , immediately following the end of the accounting
			 period.
(c) For instant games,
			 retailers may select one of the following three (3) settlement options.
			 Retailers may select a settlement option during the initial contract process
			 and may change the option only on their annual renewal date and only if they
			 advise the OLC of their desire to change the option no later than two (2) weeks
			 prior to their annual renewal date.
(1)
			 Settlement Option 1: all ticket packs activated by the retailer or by the OLC
			 on behalf of the retailer for which eighty percent (80%) of the winning
			 low-tier tickets contained in the pack have been validated by the end of the
			 previous accounting period will be included in the current retailer weekly
			 invoice. Any pack which has been activated for a period of thirty (30) days
			 will be invoiced to the retailer, even if eighty percent (80%) of the pack's
			 winning low-tier tickets have not been validated. In the event a retailer
			 activates concurrently two or more instant game packs from the same game, the
			 first pack activated will be included in the current retailer weekly invoice
			 regardless of how many low-tier tickets have been validated from the first,
			 except in situations where the retailer has two or more selling locations
			 within the same retail business, in which case the first pack activated will be
			 included in the current retailer weekly invoice when the third or subsequent
			 pack of that game is activated, regardless of how many low-tier tickets have
			 been validated from the first pack.
(2) Settlement Option 2: all ticket packs
			 will be settled 21 days after activation, at which time such settled packs will
			 be included on the weekly invoice for the week in which they were settled. In
			 the event a retailer activates concurrently two or more instant game packs from
			 the same game, the first pack activated will be included in the current
			 retailer weekly invoice, except in situations where the retailer has two or
			 more selling locations within the same retail business, in which case the first
			 pack activated will be included in the current retailer weekly invoice when the
			 third or subsequent pack of that game is activated.
(3) Settlement Option 3: all ticket packs
			 will be settled immediately on activation, at which time such settled packs
			 will be included on the weekly invoice for the week in which they were settled.