Mich. Admin. Code R. 432.768 - Write-offs/amounts returned/disputed credit or debit charges
Rule 768.
(1) A
sports betting operator shall not receive a deduction from gross sports betting
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 sports betting wager must be voided because of concerns regarding
integrity of the wager or game that were previously included in the computation
of gross sports betting receipts.
(b) Uncollectible markers or successfully
disputed credit or debit card charges that were previously included in the
computation of gross sports betting receipts. Discretionary write-offs by the
sports betting operator do not constitute an uncollectible marker.
(2) A sports betting 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
sports betting receipts.
Notes
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