Cashing Out Electronic Pull-tab Devices

If cash credit remains on the device when the player discontinues playing, the player brings the device to the seller. The seller then pays the player for the value of the cash credit on the device. 

A prize receipt form is required for cashing out $600 or more. This amount is per cash out and not cumulative of a person’s winnings throughout the day. 

For electronic progressive pull-tab prizes of $600 or more: 

• The organization has the winner complete a winner verification form. 
• The organization furnishes the winner with applicable federal and state tax forms, if any, and collects completed federal and state tax forms, if any. 
• After withholding tax, if applicable, the organization processes payment 
• The winner is paid by check, cash or combination of check and cash within four business days of receipt of required documentation. 
• The organization maintains documentation for 3½ years. 

If a handheld device has any cash credits remaining on it that were not redeemed by the end of the day’s activity, the unredeemed cash credits revert to the organization. 

Loss of electricity. If a site loses power while electronic pulll-tab or linked bingo devices are in play, the point-of-sale (POS) system has a battery backup that will allow all devices in play to be cashed out.

Damaged device. If cash credit was on the device when it was damaged, the seller will still be able to cash out the device using the POS system. If the damage was done intentionally, it should be treated as vandalism. Unintentional damage should be dealt with on a case-by-case basis.