Ohio Administrative Code › Title 3770:3 - Sports Gaming › Chapter 3770:3-8 - Type C Sports Gaming Prize Payment › Section 3770:3-8-01 - Revenue and compensation

Current through all regulations passed and filed through July 1, 2024
(A)
								As used in this
			 rule, "gross sports gaming revenue" means sports gaming revenue minus cancels
			 minus approved promotional credits minus prizes paid.
(B)
								Director's
			 authority to collect lottery sports gaming sales revenues.
(1)
									The director will
			 collect the revenues received from the sale of lottery sports gaming by type C
			 sports gaming proprietors at weekly intervals established by the director. The
			 director will designate a day or days during any week on which type C sports
			 gaming proprietors are required to deposit to the credit of the lottery fund,
			 in accounts which are recommended to be used exclusively for lottery-related
			 transactions at lawfully designated banking institutions, all gross sports
			 gaming revenues due the lottery by such type C sports gaming proprietors from
			 the sale of sports gaming, less an amount retained as compensation as
			 determined by the director.
(2)
									The director may
			 arrange for any banking institution to perform the functions and services
			 necessary to collect the revenues received from the sale of lottery sports
			 gaming by proprietors and may arrange the compensation for such performance as
			 deemed necessary and advisable. The director will establish detailed record
			 keeping and operating procedures to be followed by such banking institutions to
			 carry out the purposes of the Lottery Act and lottery rules.
(3)
									A type C sports
			 gaming proprietor who operates a system independent of the current lottery
			 system, will remit to the lottery ten per cent of gross sports gaming revenue.
			 The director will establish procedures for the prompt payment by each type C
			 sports gaming proprietor to the lottery.
(4)
									A type C sports
			 gaming proprietor who operates an existing self-service or clerk-operated
			 lottery terminal and who is approved by the director to adapt existing
			 self-service or clerk-operated lottery terminals, owned or operated by the
			 sports gaming proprietor or the Ohio lottery commission, to also serve as
			 lottery sports gaming terminals for that proprietor must remit to the lottery
			 up to thirty-five per cent of gross sports gaming revenue.
(5)
									If the amount of
			 gross sports gaming revenue in a gaming week is a negative figure, the type C
			 sports gaming proprietor must remit no funds for that gaming week. The director
			 may approve any negative adjusted gross receipts to be carried over and
			 calculated as a deduction on the subsequent gaming week until the negative
			 balance becomes a zero balance or for some other period as determined by the
			 director.
(6)
									A type C sports gaming proprietor must enter into an
			 agreement with a licensed type C sports gaming host including compensation
			 directly to the host as agreed upon between the type C sports gaming proprietor
			 and the type C sports gaming host.