68 IAC 15-5-3

68 IAC 15-5-3 Receipts from table games

Last amended: 2023Year: 2027Length: 194 wordsOfficial source

Cite as Ind. Admin. Code tit. 68, r. 15-5-3

Sec. 3. (a) The riverboat licensee shall compute the total receipts from table games by adding the table win as defined in 68 IAC 1-1-93 and the daily chip float adjustment. (b) The daily chip float shall be computed in the following manner: (1) Begin with the dollar value of chips on hand per the chip inventory ledger. (2) Subtract the dollar value of the ending inventory of chips held by the riverboat licensee. The ending inventory shall include the dollar values of the following: (A) Chips in the vault. (B) Chips in the cage drawer. (C) Chips in the change lockers. (D) Chips on the live gaming device tables. (3) The daily chip float must be calculated and recorded separately for each denomination of chips. (c) The daily chip float adjustment shall be computed by subtracting the previous gaming day's chip float from the current gaming day's chip float. (d) If any denomination of chip float becomes negative, the riverboat licensee must take the following steps: (1) Immediately investigate the reason for the negative chip float. (2) Immediately notify the enforcement agent. (3) Notify the commission, in writing, on the next business day.
68 IAC 15-5-3: 68 IAC 15-5-3 Receipts from table games | Justis AI