(a)

1. (1) Books may not accept wagers unless made with cash, chips, or other representatives of value approved by the Arkansas Racing Commission, or against credits made to a wagering account as provided for in 23 CAR § 358-2025 or on credit extended in accordance with the rules of the commission.
2. (2) A book shall accept sports wagers only on its licensed premises, and only at betting stations on the grounds of the licensee’s facility where casino gaming is conducted and as approved by the commission or on sports events through an account wagering system that has been approved by the commission.
3. (3) The casino licensee may utilize kiosks for wagering transactions in conjunction with an approved system in a location on the grounds of the licensee’s facility where casino gaming is conducted and as approved by the commission.
4. (4) No less often than weekly, an operator of a book shall remove the bill validator boxes in the kiosks (the sports pool kiosk drop).
5. (5) The sports pool kiosk drop shall be monitored and recorded by surveillance.
6. (6) The casino licensee shall submit the sports pool kiosk drop schedule to the commission.
7. (7) The casino licensee’s accounting department shall reconcile the kiosks on a daily basis pursuant to internal controls.
8. (8) Any variance of five hundred dollars ($500) or more shall be documented by the accounting department and reported in writing to the commission within seventy-two (72) hours of the end of the gaming day during which the variance was discovered.
9. (9) The report shall indicate the cause of the variance and shall contain any documentation required to support the stated explanation.
10. (10) All kiosks must satisfy all MICS requirements and be detailed in the casino licensee’s internal controls approved by the commission.

(b)

1. (1) A book shall not knowingly accept money or its equivalent ostensibly as a wager upon an event whose outcome has already been determined.
2. (2) A licensed sports pool shall not accept a wager on an event unless the date and time at which the outcome of the event is determined can be confirmed from reliable sources satisfactory to the commission or from records created and maintained by the book in such manner as the commission may approve.

(c)

1. (1) Licensed sports pools may accept wagers, including parlay card wagers, as to which of the participating contestants will win specified sports events and as to whether the total points scored in a specified game, match, or similar sports event will be higher or lower than a number specified for that event.
2. (2) Licensed sports pools shall not accept wagers, including parlay card wagers, on other contingencies unless their outcomes are reported in newspapers of general circulation or in official, public records maintained by the appropriate league or other governing body, or unless the pertinent sports events are televised live at the book and a book employee other than a betting ticket writer monitors the telecast, records the occurrence of the pertinent events and contingencies simultaneously with their occurrence, and records the time of their occurrence.

(f)

1. (1) A race book or sports pool may not accept wagers on a race or sporting event unless the wagering proposition is posted.
2. (2) Propositions may be posted by electronic or manual means, including printed media.
3. (3) If posted propositions are not updated simultaneously with actual changes to the propositions, an announcement, audible throughout the race book or sports pool, must be made simultaneously with the actual changes followed by updating the posted propositions within a time specified in the house rules.