Washington Administrative Code › Title 230 - Gambling Commission › Chapter 230-07 - Charitable and nonprofit rules › Section 230-07-090 - Keeping and depositing all gambling funds separate from other funds

Current through Register Vol. 24-14, July 15, 2024
Charitable or nonprofit licensees must protect all funds
				generated from gambling activities and keep these funds separate from their
				general funds.
(1) Licensees must:
(a) Keep a separate gambling receipts
			 account(s) in a recognized Washington state bank, mutual savings bank, or
			 credit union; and
(b) Deposit only
			 gambling receipts into that account. Licensees may deposit receipts from
			 nongambling activities operated in conjunction with bingo games into the
			 gambling receipts account if the licensee keeps detailed receipting records of
			 the nongambling receipts; and
(c)
			 Deposit all gambling receipts first into the account before spending or
			 transferring them into other accounts, except for prize pay outs; and
(d) Deposit funds received from commercial
			 amusement game operators operating amusement games on their premises in the
			 licensee's gambling receipts account no later than the second banking day after
			 they receive the receipts; and
(e)
			 Make all deposits of net gambling receipts from each activity separately from
			 all other deposits, and keep the validated deposit receipt as a part of their
			 records. Deposit receipts are a part of the applicable daily or monthly records
			 and licensees must make them available for our inspection; and
(f) Deposit all net gambling receipts which
			 they are holding, pending pay out:
(i) From
			 bingo, no later than the second banking day after they receive them. Licensees
			 may withhold bingo receipts from deposits for "jar," "pig," or other special
			 game prizes if the total of all such prize funds does not exceed two hundred
			 dollars, enter the amount withheld each session in the bingo daily record, and
			 record the reconciliation of the special game fund on the bingo daily record.
			 "Reconcile" means the licensee must compare the two balances, resolve any
			 differences, and document the comparison and the differences in writing.
			 Licensees must keep the reconciliation as part of their records; and
(ii) From raffles, excluding electronic
			 raffles, at least once a week. This includes those raffles:
(A) With gross gambling receipts over fifty
			 thousand dollars in their initial year;
(B) With gross gambling receipts over fifty
			 thousand dollars in their previous license year; and
(C) Offering prizes that require approval per
			 WAC 23011-067; and
(iii)
			 From electronic raffles within two banking days of the drawing date;
			 and
(iv) From amusement games with
			 gross gambling receipts over fifty thousand dollars in their previous license
			 year, at least each week; and
(v)
			 From punch board and pull-tabs, including cost recovery for merchandise prizes
			 awarded, no later than two banking days after they remove the board or series
			 from play; and
(g)
			 Record the Washington state identification number assigned to the punch board
			 or pull-tab series and the amount of net gambling receipts on the deposit
			 slip/receipt. Licensees may record the number and the receipts on a separate
			 record if they record the bank validation number and maintain the record with
			 the deposit slip/receipt; and