Mich. Admin. Code R. 432.668 - Write-offs/amounts returned/disputed credit or debit charges

Rule 668.

(1) An internet gaming operator shall not receive a deduction from gross receipts unless written approval is granted by the board for the following:

(a) Amounts returned to an authorized participant because of a game, platform, or system malfunction or because the internet wager must be voided because of concerns regarding integrity of the wager or game that were previously included in the computation of gross receipts.

(b) Uncollectible markers or successfully disputed credit or debit card charges that were previously included in the computation of gross receipts. Discretionary write-offs by the internet gaming operator do not constitute an uncollectible marker.

(2) An internet gaming operator must submit for board review and approval a written request, including all supporting documentation, of the deductions it would like to take against gross receipts.

Notes

Mich. Admin. Code R. 432.668

2020 MR 22, Eff. 12/2/2020