71 IAC 9-2.2-8 Advance deposit wagering accounts

Sec. 8. (a) An established advance deposit wagering account is necessary to place advance deposit wagers. An account may only be established with a licensed SPMO. (b) An advance deposit wagering account shall be established in person at a racetrack or off track betting facility licensed by the commission before any wagering shall be conducted. An advance deposit wagering account shall only be established in the name of a natural person and is nontransferable. (c) Any person prohibited from wagering under commission rules shall be prohibited from establishing an advance deposit wagering account or placing a wager. (d) To establish an advance deposit wagering account, an application form must be signed or otherwise authorized in a manner acceptable to the commission and include: (1) the applicant's full legal name; (2) principal residence address; (3) mailing address, e-mail address, when available; (4) telephone number; (5) Social Security number; (6) proper identification or certification demonstrating that the applicant is at least twenty-one (21) years of age; (7) completed W-9 form; (8) whether the account holder wants to use a credit card to make deposits to their account; (9) signature of applicant; and (10) any additional information required by the commission. (e) Each account shall have a unique identifying account number. The identifying account number may be changed at any time by the licensed SPMO provided the account holder is given notice in writing fifteen (15) days prior to the change. (f) The account holder shall receive at the time the account is approved: (1) his or her unique account identification number; (2) a secure personal identification code to be used when the account holder is placing an advance deposit wager; the account holder has the right to change this code at any time; (3) a copy of the advance deposit wagering rules, the advance deposit wagering terms and agreement, and such other information and material that is pertinent to the operation of the account; (4) notice that the account holder must be at least twenty-one (21) years of age, and that individuals under the age of twenty-one (21) shall not open, own, or have access to the account; and (5) such other information as the licensed SPMO or the commission may deem appropriate. (g) The principal residential address provided in writing by the account holder at the time of application or as updated in subsection (j) is deemed to be the proper address for the purposes of mailing checks, statements of account, account withdrawals, notices, or other appropriate correspondence. The mailing of checks or other correspondence to the address given by the account holder shall be at the sole risk of the account holder. (h) The licensed SPMO may close or refuse to open an account for what it deems good and sufficient reason and shall order an account closed if it is determined that information that was used to open an account was false, or that the account has been used in violation of these rules. (i) Any disputes between an account holder and a licensed SPMO shall follow the dispute resolution procedures contained in the licensed SPMO's terms of agreement as approved by the commission. If the licensed SPMO fails to resolve the dispute, the commission may take appropriate action including claims against the bond or other form of financial security. (j) An account holder must update any changes to the account holder's contact information, including, but not limited to, the account holder's permanent address and e-mail address. All updates must be made in writing (on a form provided by the licensed SPMO) or online, and must be submitted to the SPMO within thirty (30) days of the change.