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
Universal Citation: OH Admin Code 3770:3-8-01
Current through all regulations passed and filed through September 16, 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.
Disclaimer: These regulations may not be the most recent version. Ohio may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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