205 C.M.R. 248.10 – Account Deposits

(1) A Sports Wagering Account may be funded using approved methods which shall produce a sufficient audit trail for verification of the source of the wagers.
(2) Approved methods for funding Sports Wagering Accounts include:
1. (a) Cash or cash equivalents;
2. (b) Foreign currency and coin converted to U.S. currency;
3. (c) Electronic funds transfers (EFTs), including online and mobile payment systems;
4. (d) Debit instruments, including debit cards and prepaid access instruments, excluding those that can be purchased or loaded with a credit card;
5. (e) Promotional Gaming Credits;
6. (f) Sports Wager Payouts;
7. (g) Adjustments made by the Sports Wagering Operator with documented notification to the patron; and
8. (h) Any other means approved by the Commission or its designee.
(3) No deposits may be made by credit card, either directly or indirectly, including without limitation through an account funded by credit card, and no Wagering on credit is allowed.
(4) The Sports Wagering Account shall be credited for any deposit in accordance with the system of internal controls submitted by a Sports Wagering Operator in accordance with 205 CMR 238.00: Additional Uniform Standards of Accounting Procedures and Internal Controls for Sports Wagering.
(5) The proceeds of a check may first need banker's clearance. Holding periods will be determined by the Sports Wagering Operator and communicated to the patron.
(6) For debit cards and EFTs, the patron may be liable for any charges imposed by the transmitting or receiving Sports Wagering Operator. Such charges may be deducted from the patron's Sports Wagering Account.