Wyoming Administrative Code
Agency 038 - Wyoming Gaming Commission
Sub-Agency 0002 - Online Sports Wagering
Chapter 6 - Sports Wagering Accounts
Section 6-9 - Withdrawals from a Sports Wagering Account

Universal Citation: WY Code of Rules 6-9

Current through September 21, 2024

(a) A patron must be allowed to withdraw the funds maintained in his or her sports wagering account, whether the account is open or closed, except as otherwise provided in these rules, or any other applicable state or federal laws.

(b) A sports wagering system must employ a mechanism that can detect and prevent any withdrawal activity initiated by a patron that would result in a negative balance of the sports wagering account.

(c) A sports wagering operator or sports wagering vendor shall not allow a sports wagering account to be overdrawn unless caused by payment processing issues outside the control of the sports wagering operator.

(d) A sports wagering operator or sports wagering vendor must honor the patron's request to withdraw funds within five (5) business days after the request, unless the conditions set forth in subsection (e) are met.

(e) The sports wagering operator or sports wagering vendor may decline to honor a patron's request to withdraw funds only if the sports wagering operator or sports wagering vendor believes in good faith that the patron engaged in either fraudulent conduct or other conduct that would put the sports wagering operator or sports wagering vendor in violation of the statutes and these rules. In such cases, the sports wagering operator or sports wagering vendor must do all of the following:

(i) Provide notice to the patron of the nature of the investigation of the sports wagering account; and

(ii) Conduct its investigation in a reasonable and expedient fashion, providing the patron additional written notice of the status of the investigation every tenth (10th) business day starting from the day the original notice was provided to the patron.

(f) For purposes of this rule, a request for withdrawal is considered honored if it is processed by the sports wagering operator or sports wagering vendor notwithstanding a delay by a payment processor, credit card issuer, or the custodian of a financial account.

Disclaimer: These regulations may not be the most recent version. Wyoming 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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