Gaming machine payouts | NSW Authorities

There are guidelines in place to assist licensed venue operators and their workers when paying out gaming machine prizes.

You should award or pay a prize received on a gaming machine to a participant who’s entitled to the prize in accordance with the Gaming Machines Regulation 2019.

The necessities embrace:

• awarding the prizewinner
• fee of cheque or digital switch.

If an individual claims a prize of greater than $5000, the quantity that exceeds $5000 have to be paid inside 48 hours in 1 of two methods:

• crossed cheque made payable to the prize winner
• digital funds switch (EFT) to a nominated account – if these means can be found.

If the overall prize cash is greater than $5000 and the prize – winner requests to have the whole quantity paid by crossed cheque or EFT, not simply the quantity over $5000, you have to achieve this.

A prize-winning cheque have to be clearly marked with the phrases: Prize-winning cheque – cashing guidelines apply.

If the prize is being paid by means of digital switch, the account have to be with a monetary establishment, reminiscent of a financial institution.

Gaming machine tickets

Gaming machine tickets have to be redeemed by the individual authorised by the hotelier or membership or by way of an authorized cash-back terminal

Records of gaming machine prizes

Hoteliers and golf equipment are required to maintain sure data when awarding prizes and redeeming gaming machine tickets.