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7880.0050 OPERATION OF ACCOUNTS.

Subpart 1.

Deposits.

An account holder may make deposits to the account in the following forms:

A.

cash, which may be deposited at financial or retail outlets designated by the advance deposit wagering provider;

B.

check, money order, or negotiable order of withdrawal sent to an advance deposit wagering provider;

C.

charges made to an account holder's credit or debit card upon authorization of the account holder;

D.

electronic funds transfer from an account owned by the account holder, in which case the account holder shall be responsible for any fees imposed by the remitting entity; and

E.

any other method approved by the commission.

Subp. 2.

Credits.

The following credits shall be posted to an account by the advance deposit wagering provider as soon as practicable after the race is declared official:

A.

credit for winnings from wagers; and

B.

credit for all refunded wagers as required by the laws and rules applicable to the host track.

Subp. 3.

Debit.

Upon receipt of a wager, the advance deposit wagering provider may debit the account in the amount of the wager.

Subp. 4.

Suspension or refusal.

Nothing in this chapter prohibits an advance deposit wagering provider from suspending or refusing deposits to an account for reasonable business reasons.

Subp. 5.

Disputes.

Disputes between an account holder and an advance deposit wagering provider shall be administered under the dispute resolution procedures contained in the plan of operation approved by the commission. If the advance deposit wagering provider fails to resolve the dispute, the commission may take appropriate action under chapter 7897, or may make claims against the bond or other form of financial security if the commission determines funds are owed to an account holder.

Statutory Authority:

MS s 14.389; 240.131

History:

41 SR 809

Published Electronically:

January 5, 2017

Official Publication of the State of Minnesota
Revisor of Statutes