e) All wagers shall be redeemed in United States currency. The currency amount may be provided to the patron in any form that has been documented in the internal control system, subject to the following minimum requirements:

1. 1) Any wager redeemed in person for an amount of $1,000 or less shall provide the patron the option of receiving cash or chips issued by the master sports wagering licensee pursuant to an owners license or organizational gaming license.
2. 2) Any wager redeemed in person for an amount greater than $1,000 shall provide the patron the option of receiving a check issued at the time of redemption.

f) A master sports wagering licensee may provide for redemption of winning tickets or refund of void or canceled wagers by U.S. Mail. In that case, the licensee must document methods in its internal control system to provide for compliance with all other rules, including but not limited to:

1. 1) Age verification;
2. 2) Compliance with the self-exclusion program; and
3. 3) Identification of illegal or suspicious activity.