Fla. Admin. Code Ann. R. 75-14.034 - Progressive Jackpots

(1) All progressive systems or controllers shall have the ability to record the following information for each progressive amount:

(a) The current prize amount;

(b) The number of progressive wins;

(c) The history of at least the last five progressive awards;

(d) The starting award value;

(e) The jackpot award value limit, if applicable;

(f) The initial incremental percentage rate at which an award is increased;

(g) The secondary incremental percentage rate at which an award is increased after the jackpot limit is reached;

(h) The overflow incremental percentage increment rate for the reserve pool;

(i) The base reset amount after the progressive jackpot is awarded; and,

(j) The slot machines participating in the progressive jackpot.

(2) Any modification of a progressive system or reset of a progressive jackpot amount shall require:

(a) Prior written notification to the division; and,

(b) The presence of a division representative.

(3) All progressive jackpot amounts shall be equal to or greater than the reset amount of each progressive machine.

Notes

Fla. Admin. Code Ann. R. 75-14.034

Rulemaking Authority 551.103(1), 551.122 FS. Law Implemented 551.103(1)(c), (d), (e), (g), 551.121(5) FS.

New 8-14-11, Formerly 61D-14.034.

New 8-14-11, Formerly 61D-14.034.