Unless the commission has approved the payment of prizes by annuity, a licensee who has a progressive slot machine must maintain a minimum cash reserve equal to the total of all progressive slot machine jackpots that may be won at the location. The commission must approve all the cash reserves.

Source: 16 SDR 233, effective July 1, 1990 ; 50 SDR 145, effective June 11, 2024 .

General Authority: SDCL 42-7B-7 .

Law Implemented: SDCL 42-7B-1 , 42-7B-2 , 42-7B-2.1 , 42-7B-3 , 42-7B-7 , 42-7B-11 , 42-7B-18 , 42-7B-19 , 42-7B-20 , 42-7B-21 , 42-7B-22 , 42-7B-24 , 42-7B-25 , 42-7B-27 .

Prior versions effective: 1990-07-01.