Conduct of Paddlewheel Without a Table - Part 3

Deposit Information

Deposit and record cash in hand, or secure the cash until it can be deposited. Deposit the gambling receipts into the gambling account within four business days of the occasion. Do not wait until the entire grouping of paddletickets has been sold to deposit the cash.

On the deposit slip, list the following information:

1. premises permit number
2. date of the deposit
3. paddleticket card numbers sold during that day’s activity
4. actual amount of cash deposited from each day’s paddlewheel activity.

If merchandise prizes are awarded, the deposit amount should equal the gross receipts (total amount wagered).

If cash prizes are awarded, the deposit amount should equal the net receipts (amount wagered minus the cash amount paid out in prizes).

Auditing a Paddlewheel Game

The final audit of the game must be done by someone other than the paddlewheel operator, the person who prepared the deposit, or the person who deposited the gambling receipts. Sellers may be asked to make a preliminary audit of their own games, but they may not do the final audit.

Fund Loss

If a fund loss is discovered: 

1. Notify local law enforcement within five days of discovering the loss (within 24 hours if the game was played in a dispensing device), and notify the Gambling Control Board. Fund losses not reported will not be considered by the Board for profit carryover adjustment. 
2. Within 60 days, provide the Gambling Control Board with documentation of reimbursement or a request for a profit carryover adjustment due to a fund loss. This documentation must be provided to the Board within 60 days or the fund loss request will not be considered by the Board. Use form LG250 Fund Loss Request (Profit Carryover Adjustment). 

If played or unplayed games are lost due to a disaster such as fire, flood, blizzard, tornado, or other catastrophic event, immediately contact the Department of Revenue at 651-297-1772 for instructions on how to handle the fund loss