New York Codes, Rules and Regulations › Title 9 - EXECUTIVE DEPARTMENT › Subtitle T - New York State Gaming Commission › Chapter I - Division of Horse Racing and Pari-Mutuel Wagering › Subchapter G - Account Wagering › Part 4500 - Account Wagering › Section 4500.4 - Establishment of an account

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
					 Accounts shall be used for wagering and related purposes only.
(b) Account wagering licensees may establish
					 accounts for individuals provided the following minimum requirements are met:
(1) An account holder shall be a natural
					 person 18 years of age or older.
(2) Accounts may be opened in accordance with
					 procedures set forth in a plan of operation approved by the
					 commission.
(3) An account holder
					 shall provide his or her age, principal residential address, mailing address
					 (if different), phone number and date of birth.
(4) The account holder must have completed an
					 application as set forth in Racing, Pari-Mutuel Wagering and Breeding Law
					 section 1012(8)(b). In the case of an online application, the applicant shall
					 provide an electronic signature to attest to the accuracy of the information
					 provided.
(5) Except in the case of
					 an online application, the name of each new account holder shall be confirmed
					 in accordance with the Federal government's standards for evaluating and
					 confirming government issued identification and credentials (U.S. Department of
					 Homeland Security Employment Verification Form I-9). A copy of each properly
					 validated credential shall be maintained with the appropriate account
					 application. In the case of an online application, the account wagering
					 licensee shall verify the applicant's identity using, at a minimum, the name,
					 address, and date of birth of the applicant through a credit reporting agency,
					 public database or similarly reliable sources as provided for in the plan of
					 operation. If there is a discrepancy between the minimum information submitted
					 and the information provided by the electronic verification described above or
					 if no information on the applicant is available from such electronic
					 verification, then the account wagering licensee shall not open the account and
					 shall require verification through the Federal government's standards for
					 evaluating and confirming government issued identification and credentials
					 (U.S. Department of Homeland Security Employment Verification Form I-9). In
					 addition, a multi-jurisdictional account wagering provider shall use the
					 services of an independent third party to perform identity and verification
					 services with respect to establishing an account for any person who is a
					 resident of the State of New York, as prescribed by Racing, Pari-Mutuel
					 Wagering and Breeding Law Section 1012-a(3).
(6) The account wagering licensee shall issue
					 a card or other document representative of the account.
(7) The account wagering licensee shall
					 provide to the account holder rules governing the conduct of account
					 wagering.
(8) The account wagering
					 licensee shall notify the account holder whenever rules have changed and
					 provide a copy of such changes.
(9)
					 The account wagering licensee may require a minimum balance consistent with
					 their internal controls.
(10) Bank
					 account number and other necessary information shall be provided if the account
					 holder desires to make electronic fund transfers.
An application may be accepted or rejected by the account
						wagering licensee as set forth in Racing, Pari-Mutuel Wagering and Breeding Law
						section 1012(8)(c).