Records must include and be retained for three years from the end of the quarter in which the activity was reported:

1. For each sports-pool board: a. The sold board with the state gaming stamp affixed which must indicate the winning square or line; b. The daily starting and ending cash on hand and IOU records according to section 99-01.3-03-06; c. Cash profit as defined in subdivision i of subsection 9 of section 99-01.3-02-01; d. The type of professional sport and amount of each prize; e. A summary of gross proceeds, prizes, adjusted gross proceeds, cash profit, cash long or short, and bank deposit. The summaries of all sports-pool boards conducted during a quarter must reconcile to the activity reported on a tax return; f. Prize register according to section 99-01.3-03-07 and record of win according to section 99-01.3-03-08; and g. Inventory records according to subsection 1 of section 99-01.3-03-09.

2. Ideal cash bank master records according to subsection 4 of section 99-01.3-03-09.

3. Verification of the amount deposited according to a bank statement, and an audit of the event's activity according to subsections 6 and 7 of section 99-01.3-03-10.

4. The count and reconciliation of sports-pool boards and cash banks according to subsections 1, 4, and 6 of section 99-01.3-03-09.

History: Effective May 1, 1998; amended effective July 1, 2000; July 1, 2002; July 1, 2004; October 1, 2006; July 1, 2010; April 1, 2016; July 1, 2018; January 1, 2023.

General Authority: NDCC 53-06.1-01.1

Law Implemented: NDCC 53-06.1-01.1