Terms used in this chapter mean:

1. (1) "Game tournament," an organized poker, blackjack, craps, or roulette game approved by the executive secretary in which a player pays a "buy-in" and receives a prescribed number of chips;
2. (2) "Slot tournament," an organized event, sponsored by one or more licensees, that permits a player to either purchase or be awarded the opportunity to engage in competitive play against other players;
3. (3) "Tournament buy-in," an advertised amount paid by each player to participate in a game tournament which entitles the player to receive a prescribed number of chips. The tournament buy-in amount is included in the tournament prize pool except for that portion that may be retained as a tournament entry fee;
4. (4) "Tournament entry fee," a percentage of the tournament buy-in that may be retained by the licensee as adjusted gross proceeds. The maximum amount that may be retained by the licensee is limited pursuant to § 20:18:14.01:06;

5. (5) "Tournament prize pool," is a prize pool comprised of the tournament buy-in and any other items or amounts given by the licensee and awarded to the participants in the game or slot tournament.

   Declaratory Ruling: A tournament entry fee is a buy-in which is defined by ARSD 20:18:14.01:01(3) as an advertised entry fee paid by a player to participate in a game tournament or slot tournament conducted by a licensed establishment in Deadwood and entitles the player to receive a prescribed number of chips. The Commission does further declare and determine that the entry fee, or buy-in, defined in ARSD 20:18:14.01:01(3) does not amount to a bet as defined under SDCL 42-7B-4(2) and, therefore, is not subject to the maximum amount of an initial bet or subsequent bet pursuant to SDCL 42-7B-14. The Commission does further declare and determine that this declaratory ruling is specifically limited to game tournaments and slot tournaments conducted by establishments licensed by the Commission and located within the city limits of Deadwood, South Dakota. South Dakota Commission on Gaming Declaratory Ruling dated July 12, 2005.

Source: 19 SDR 21, effective August 20, 1992; 19 SDR 177, effective May 27, 1993; 34 SDR 200 effective January 29, 2008; 38 SDR 116, effective January 10, 2012; 41 SDR 218, effective July 1, 2015.

General Authority: SDCL 42-7B-7 , 42-7B-11(13).

Law Implemented: SDCL 42-7B-1 , 42-7B-11(13).

Prior versions effective: 2012-01-20.