58 Pa. Code § 1408a.6 - Segregation of bank accounts
(a) A
sports wagering certificate holder or sports wagering operator shall maintain a
domestic bank account for player's funds separate from all other operating
accounts to ensure the security of funds held in the player's sports wagering
accounts.
(b) The balance
maintained in this account shall be greater than or equal to the sum of the
daily ending cashable balance of all player sports wagering accounts and unpaid
wagers.
(c) A sports wagering
certificate holder or sports wagering operator shall have unfettered access to
all player sports wagering account and transaction data to ensure the amount of
funds held in its independent account is sufficient. A sports wagering
certificate holder's or sports wagering operator's Chief Financial Officer
shall file a quarterly attestation with the Board, unless otherwise directed by
the Board, that the funds have been safeguarded under this section.
Notes
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