Ill. Admin. Code tit. 11, § 1900.330 - Record Retention
a)
Each licensee other than an occupational licensee shall maintain in a place,
secure from theft, loss or destruction, adequate records of business operations
that shall be made available to the Board upon request. These records shall be
held for at least as long as prescribed by the periodically published Records
Retention Schedule, or longer if otherwise prescribed by general accounting and
auditing procedures, litigation needs, or State or federal law. These records
shall be maintained in a manner accessible to the Board or in a digital format
prescribed by the Administrator.
b)
Each master sports wagering licensee, in such manner and for such time period
as the Administrator may approve or require, shall keep accurate, complete and
legible records of any books, records or document pertaining to, prepared in,
or generated by the sports wagering operation, regardless of physical form,
characteristics, or subject matter, including, but not limited to, all forms,
reports, accounting records, ledgers, subsidiary records, computer maintained
and generated data, internal audit records, internal control records, copies of
all promotional material, and advertising, correspondence and personnel
records.
c) All records shall be
organized and indexed in such a manner to provide immediate accessibility to
agents of the Board.
d) No original
book, record or document required to be maintained by this Section may be
destroyed by a licensee prior to the scheduled retention date without prior
approval of the Administrator.
e)
The Administrator shall publish and periodically update the Retention
Schedule.
Notes
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