35 Miss. Code. R. 5-06-01-103 - Procedures for Jackpot Payouts

1. The information which shall be included on every form and in all stored data for payouts is the casino number of the slot machine on which the jackpot was registered, the winning combination of reel characters constituting the jackpot, the date and time during which the jackpot occurred, the amount to be paid from cashier's cage or slot booth funds, the slot booth number if applicable from which the amount is to be paid, and the time of preparation of the jackpot payout.

2. All remuneration paid to a patron as a result of winning a jackpot shall be disbursed by the cashier directly to the patron, or disbursed by the cashier to a slot attendant or supervisor who shall transport the winnings directly to the patron. All jackpots which are $1,200.00 or greater, shall be completely hand paid to the patron.

3. Signatures attesting to the accuracy of the information contained on the original and duplicate of the payout shall be of the cashier who prepared the payout slip and a slot attendant or supervisor who observed the reel characters of the slot machine. A manager shall also attest the payout if the amount of the jackpot is in excess of $5,000.00. All signatures must include the work permit number.

4. The original jackpot payout slip shall be forwarded to the accounting department for agreement with the triplicate or stored data. The duplicate jackpot payout slip shall be maintained by the cashier for recording on the slot win sheet, agreement with the meter reading stored on the slot meter sheet, and agreement with the triplicate or stored data.

5. The Accounting Department shall verify that all jackpots are in compliance with Mississippi Income Tax Regulation 1122.

Notes

35 Miss. Code. R. 5-06-01-103