20:18:17 :24.12. Security for payment of annuity, cash, or other prize with cash value exceeding $100,000. A licensee who is liable for payment of an annuity, cash, or other prize with a cash value exceeding $100,000 must secure the amount of the annuity, cash, or other prize by a cash deposit, a performance bond, or a security instrument nationally recognized in the gaming industry or satisfy the minimum bankroll requirements set forth in § 20:18:12.01:14.

Source: 16 SDR 233, effective July 1, 1990; 19 SDR 21, effective August 20, 1992; 21 SDR 98, effective November 30, 1994; 40 SDR 101, effective December 2, 2013.

General Authority: SDCL 42-7B-7.

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