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WAC 230-10-290

Controlling entry guarantee tickets.

Bingo licensees must:
(1) Treat all unaccounted-for entry guarantee tickets as cash shortages in the amount of the redemption value; and
(2) Maintain a record of all entry guarantee tickets sold; and
(3) Redeem entry guarantee tickets on the licensed premises and only for bingo cards during the bingo session for which the player bought the entry guarantee ticket; and
(4) Immediately cancel entry guarantee tickets redeemed for bingo cards using a hand stamp that prints "redeemed" on each ticket; and
(5) Treat entry guarantee tickets redeemed as gross gambling receipts for bingo at the session where they are redeemed; and
(6) Modify the cash reconciliation section of the daily bingo records to document the number and dollar value of entry guarantee tickets redeemed; and
(7) Deposit gross receipts from the sale of entry guarantee tickets separately into the gambling account no later than two banking days after they are received; and
(8) Keep the entry guarantee ticket numbers relating to the funds deposited as a part of the deposit record; and
(9) After thirty days, consider all unredeemed entry guarantee tickets void and record them as contributions to the organization.
[Statutory Authority: RCW 9.46.070. WSR 07-10-033 (Order 610), ยง 230-10-290, filed 4/24/07, effective 1/1/08.]
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