Ohio Administrative Code › Title 3770:2 - Video Lottery Gaming Terminals › Chapter 3770:2-3 - Video Lottery Licenses › Section 3770:2-3-10 - Video lottery licenses; settlement of video lottery game sales proceeds, control of video lottery and collection of revenues due the lottery

Current through all regulations passed and filed through July 1, 2024
(A) Settlement cycles. The video lottery
			 sales agent 
								will account for all video lottery
			 
								game
			 sales proceeds and transfer
			 
								those proceeds , less authorized deductions, to the lottery by means of
			 procedures established by the director for the deposits of proceeds from video
			 lottery game sales. The director may 
								preclude a
			 video lottery sales agent from 
								participating in video lottery
			 
								operations if a video lottery sales agent has not
			 fully accounted for video lottery 
								game sales proceeds
								.
(B) Forms. The director will, in management
			 regulations or directives, prescribe the forms for video lottery sales agents
			 to use in connection with video lottery transactions.
(C) Control of video lottery. Any
			 establishment of video lottery sales agent agreements pertaining to the
			 provision of video lottery terminals is for the benefit of the lottery. The
			 commission retains the right to maintain and exercise control of video lottery
			 operations at all times by any means necessary to ensure the security and
			 efficient operation of the lottery. Equipment or supplies that are provided to
			 or placed on the premises of a video lottery sales agent by the lottery remain
			 the property of the state of Ohio.
(D) Director's authority to collect video
			 lottery sales revenues.
(1) The director
			 
									will
			 collect the revenues received 
									through video lottery
			 
									operations,
			 and from
									 video lottery sales
			 agents, at intervals established by the director.
			 The director 
									will designate a day or days during any interval time
			 period on which video lottery sales agents 
									will be
			 required to deposit to the credit of the lottery fund, in accounts which
			 
									will be
			 used exclusively for lottery-related transactions at lawfully designated
			 banking institutions, all moneys due the lottery by such video lottery sales
			 agents from the 
									operation of video lottery games, less an amount
			 retained as compensation for 
									conducting such video lottery games. The director
			 may further order that video lottery sales agents deduct the amounts they pay
			 in authorized video lottery prize payments and any commissions or bonuses to
			 which video lottery sales agents are entitled from the amounts received in
			 gross video lottery game sales prior to their deposit in accounts.
(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 video lottery games by video lottery sales
			 agents, and may arrange the compensation for such performance as deemed
			 necessary and advisable. The director may also rely on the treasurer of state
			 to perform this function. 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.