Payment of Winning Wagers

Payment of Winning Wagers (a) Except as otherwise provided in this subsection, books shall make payment on a winning wager to the person who presents the patron’s copy of the betting ticket representing the wager. A book need not make payment to a person who the book or an agent or employee of the book knows is not the person to whom the patron’s copy was issued. A book shall not make payment on a winning wager to a person who the book or its agent or employee knows or reasonably should know is collecting the payment on behalf of another for monetary consideration or in violation of federal law. A book may withhold payment of a winning wager if the patron refuses to supply identification or any other documentation required by state or federal law. (b) As used in this section, “affiliated books” are books that are in Mississippi licensed gaming establishments that share a common parent company. Presentment of the betting ticket and payment of the winning wager may be made at an affiliated book provided that: 1. An adequate accounting of the payment is kept for 3 years by both books; and 2. The payout is properly included in the computation of gross revenue of the licensee that initially accepted the wager. (c) Books shall honor winning betting tickets for 30 days after the conclusion of the event wagered upon unless a longer period is established by the book. The book shall state the redemption period on each betting ticket, in house rules and on notices conspicuously placed about the licensed premises. Payment by mail may be made only after presentment of the betting ticket and all identification information and documentation required by state or federal law, and must be made not later than 10 days after presentment. (d) A licensed race book shall determine the winners of or payouts on wagers on horse and other animal races only with information the book receives from licensed disseminators pursuant to the requirements of these Regulations.