Ill. Admin. Code tit. 11, § 1900.1020 - Standard Financial and Statistical Records
a) The master sports wagering licensee,
unless specifically exempted by the Administrator, shall file daily, monthly,
quarterly and annual reports of financial and statistical data.
b) The Administrator shall periodically
prescribe a set of standard reporting forms and instructions to be used in
filing daily, monthly, quarterly and annual reports.
c) Annual reports shall be based on a
calendar year beginning January 1 and ending December 31. All reports shall
start and end at midnight, Central Time. Quarterly reports shall be based on
the calendar quarters ending March 31, June 30, September 30 and December 31.
Monthly reports shall be based on calendar months. Quarterly and monthly
reports shall contain a cumulative year-to-date column to facilitate
analysis.
d) Reports required to be
filed pursuant to this Section shall be submitted electronically in accordance
with the form instructions and received no later than the required filing date.
The required filling date for monthly reports shall be the last calendar day of
the following month.
e) In the
event of a termination or suspension of a master sports wagering license,
voluntary or involuntary change in business entity or material change in
ownership, the master sports wagering licensee shall file an interim quarterly
report as of the date of occurrence of the event, unless the event has already
been disclosed in a regular quarterly report or unless exempted by the
Administrator. The filing date shall be 30 calendar days after the date of
occurrence of the event.
f) Any
adjustments resulting from the quarterly and annual audits shall be recorded in
the accounting records. In the event that the adjustments were not reflected in
the master sports wagering licensee's quarterly or annual reports and the
Administrator concludes the adjustments are significant, a revised report may
be required. The revised filing shall be due within 30 calendar days after
written notification to the master sports wagering licensee.
Notes
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