Victorian Current Acts Victorian Current ActsS. 6A.4.1(1) substituted by No. 20/2018 s. 48, amended by No. 1/2021 s. 59(a).
(1) A keno licensee must establish a prizes fund.
S. 6A.4.1(2) amended by No. 27/2013 s. 16(1), substituted by No. 20/2018 s. 48, amended by No. 1/2021 s. 59(b)(i).
(2) A keno licensee must pay to the prizes fund—
S. 6A.4.1(2)(a) amended by No. 1/2021 s. 59(b)(ii).
(a) an amount not less than 75% of the total amount received by the licensee for any approved keno game; and
(b) any additional amount ( licensee payment ) required for the payment of a prize to be made from the prizes fund.
S. 6A.4.1(2A) inserted by No. 20/2018 s. 48, amended by No. 1/2021 s. 59(c).
(2A) A keno licensee must ensure a total payment of prizes to players from the prizes fund is made that gives a minimum return to players, in respect of approved keno games conducted under the keno licence, of not less than 75% of the total amount paid by players to play approved keno games during the term of the licence.
S. 6A.4.1(2B) inserted by No. 20/2018 s. 48, amended by No. 1/2021 s. 59(d).
(2B) Subject to subsection (2A), an amount may be paid from the prizes fund to a keno licensee that is equal to the amount of a licensee payment that has formed part of a prize paid from the prizes fund.
S. 6A.4.1(3) inserted by No. 27/2013 s. 16(2).
(3) A reference in this section to a prizes fund established by the licensee includes a reference to a common jackpot prize pool established under an approved keno linked jackpot arrangement.
Ch. 6A Pt 4 Div. 2 (Heading and s. 6A.4.2) amended by Nos 40/2008 s. 17, 32/2012 s. 33, substituted by No. 52/2021 s. 50.
Division 2—Commission
S. 6A.4.2 substituted by No. 52/2021 s. 50.