Section 68IAC10-1-1.1. Rate of progression

  1. (a) This section applies to a riverboat licensee that offers a live gambling game with a progressive feature.

  (b) As used in this rule, "rate of progression" means the amount by which the progressive jackpot will increase incrementally for each credit wagered by a player to participate in the progressive feature of the live gaming device.

  (c) The rate of progression that must be offered on a gambling game with a progressive feature must be at least sixty percent (60%) and not more than one hundred percent (100%).

  (d) Once a gambling game is offered with an established rate of progression, the rate of progression shall not be changed until after a patron wins the jackpot.

  (e) The riverboat licensee shall submit, at a minimum, the following information to chief counsel for the commission:

(1) The types of gambling games that will offer a progressive feature.

(2) The location of the gambling games that will offer a progressive feature.

(3) The rate of progression for each gambling game.

(4) The reset amount for each gambling game.

The information required by this subsection must be submitted when a new progressive live gaming device is introduced into the casino or the riverboat licensee changes the rate of progression on an existing progressive live gaming device. (Indiana Gaming Commission; 68 IAC 10-1-1.1; filed Jun 1, 1998, 2:27 p.m.: 21 IR 3708; readopted filed Nov 25, 2002, 10:11 a.m.: 26 IR 1261; readopted filed Nov 14, 2008, 12:51 p.m.: 20081210-IR-068080730RFA; readopted filed Nov 24, 2014, 10:49 a.m.: 20141224-IR-068140402RFA; filed Nov 13, 2015, 2:37 p.m.: 20151209-IR-068150113FRA)