<html> <head> <title>Rule 20:04:32:29 Amount retained by licensee in tournaments.</title> <META NAME="Keywords" Content="Administrative Rules 20:04:32:29"> <META NAME="Description" Content="Administrative Rules 20:04:32:29 Amount retained by licensee in tournaments."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:04:32:29.&nbsp;&nbsp;Amount retained by licensee in tournaments.</b> No more than ten percent of the total buy-ins or entry fees paid in a tournament may be retained by the licensee as adjusted gross proceeds.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 26 SDR 92, effective January 16, 2000.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=42-7-56">42-7-56(13).</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=42-7-56">42-7-56(13)</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=42-7-58.1">42-7-58.1.</A></p> </div> </body> </html>