The reserve must be in the form of:

1. (1) Cash or cash equivalents maintained in a U.S. bank account segregated from the licensee's or sports wagering services provider’s operational funds;
2. (2) An irrevocable letter of credit;
3. (3) A bond;
4. (4) Payment processor reserves and receivables;
5. (5) Any other form acceptable to the commission pursuant to internal control procedures; or
6. (6) Any combination of the allowable forms described in paragraphs (1) to (6).

Source: 48 SDR 14, effective August 22, 2021 .

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

Law Implemented: SDCL 42-7B-2.1 (1), 42-7B-43 .