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Can you summarize 58 PACO Section 1408a.12?
Sports Wagering Accounting and Internal Controls > Required reports.
Short Summary
This section governs the reporting requirements for sports wagering operations in Pennsylvania. It applies to sports wagering certificate holders and sports wagering operators. The section allows retail sportsbooks to accept anonymous sports wagers at self-service kiosks or point of sale terminals, which should be included in the required reports. The sports wagering system must comply with reporting requirements for interactive sports wagering through a website or mobile application. The required reports must include information such as report title, date or time period of activity, date and time of report generation, page numbering, subtotals and grand totals, filters applied to the data, column and row titles, and the name of the certificate holder or operator. All required reports must be generated, even if there is no data for the specified period, and should indicate ‘No Activity’ if applicable. The data generated for any report must be exportable in a format approved by the Board. For retail sports wagering operations, daily reports such as Sports Wagering Intake Summary, Sports Wagering Results Summary, Sports Wagering Ticket Expiration Detail, Sports Wagering Voided Ticket, Sports Wagering Cancelled Ticket, Sports Wagering Ticket Liability, and Sports Wagering Voucher Liability must be generated. The Sports Wagering Results Summary Report must be reconciled with the Sports Wagering Intake Summary Report. For retail and interactive/mobile sports wagering, daily reports such as Sports Wagering Detail, Sports Wagering Voided Wager, Sports Wagering Cancelled Wager, and Sports Wagering Resettlement must be generated. Additionally, monthly reports for retail and interactive/mobile sports wagering liability must be generated on the last day of each calendar month.
Whom does it apply to?
Sports wagering certificate holders and sports wagering operators
What does it govern?
Sports wagering accounting and internal controls
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Pennsylvania