Code of Massachusetts Regulations
205 CMR - MASSACHUSETTS GAMING COMMISSION
Title 205 CMR 11.00 - Rules And Regulations Regarding The Distribution Of Funds To Purse Accounts Of Licensees
Section 11.03 - Minimum Purse Distributions
Universal Citation: 205 MA Code of Regs 205.11
Current through Register 1531, September 27, 2024
The amount credited to each licensee shall be based on a formula established by the commission and, in no instance, shall the amount paid to the purse account of each licensee be less than $400,000 unless the commission collects insufficient funds to make such minimum payment to all licensees.
Should the commission deem that sufficient funds are available, the commission may distribute $100,000 as a quarterly minimum payment to the purse account of each licensee, upon authorization of the commissioners, for the quarters ended March, June, September, and December.
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