53ER04-1. Instant Game Number 520, SET FOR LIFE (Replaced by 53ER09-71)

(1) Name of Game. Instant Game Number 520, “SET FOR LIFE”.

(2) Price. SET FOR LIFE lottery tickets sell for $10.00 per ticket.

(3) SET FOR LIFE lottery tickets shall have a series of numbers in Machine Readable Code (or bar code) on the back of the ticket, along with a Void If Removed Number under the latex area on the ticket. To be a valid winning SET FOR LIFE lottery ticket, a combination of essential elements sufficient to validate the ticket must be present as set forth in paragraph 53ER92‑63(1)(a), F.A.C. In the event a dispute arises as to the validity of any SET FOR LIFE lottery ticket, or as to the prize amount, the Void If Removed Number under the latex shall prevail over the bar code.

(4) The “YOUR NUMBERS” play symbols and play symbol captions are as follows:

 

 

 

(5) The “WINNING NUMBERS” play symbols and play symbol captions are as follows:

 

 

(6) The prize symbols and prize symbol captions are as follows:

 

 

 

 

 

(7) The legends are as follows:

 

 

(8) Determination of Prizewinners.

(a) A ticket having a number in the “YOUR NUMBERS” play area that matches any number in the “WINNING NUMBERS” play area shall entitle the claimant to the corresponding prize shown for that number. A ticket may have up to twenty sets of matching numbers. The prizes are: $5.00, $10.00, $15.00, $20.00, $25.00, $40.00, $50.00, $100, $200, $500, $1,000, $10,000, and “

”.

(b) The winner of a $5,000 a month for twenty years prize may choose one of two payment options for receiving his or her prize. Payment options are “Cash Option” and “Annual Payment.” At the time a $5,000 a month for twenty years prize is claimed the terminal will produce a player claim instructions ticket. The winner has sixty (60) days from the date the player claim instructions ticket is produced to file a claim choosing the Cash Option. If a winner does not choose the Cash Option within such time, the Annual Payment option will be applied. Once the winner signs the Winner Claim Form and exercises the winner’s chosen option, the election of that option shall be final. Winner Claim Form DOL-173-2, Revised 10/03, and Spanish Winner Claim Form DOL-173-S, Revised 10/03, are incorporated herein by reference and may be obtained from any Lottery retailer, Lottery office or from the Lottery’s web site at www.flalottery.com.

(c) Cash Option prizes will be paid in a single cash payment equal to the amount of cash required to purchase U.S. Government Securities that would fund $1,200,000 payable over a twenty year period, less applicable federal tax withholding. This figure will be determined during the week following the date on which the $5,000 a month for twenty years prize is claimed, by obtaining quotes from at least two investment sources. The quote costing the least to fund the twenty year payment stream, had the annual payment option been selected, will be the amount of the Cash Option prize.

(d) Annual Payment prizes will be paid in twenty equal, annual installments of $60,000 per year, each payment less applicable federal tax withholding.

(e) Any interest or earnings accruing on a $5,000 a month for twenty years prize prior to the prize payment or purchase of securities, under either the Cash Option or the Annual Payment Option, shall accrue to the State of Florida and not to the winner.

(9) The estimated odds of winning, value, and number of prizes in Instant Game Number 520 are as follows:

			NUMBER OF WINNERS IN
			67 POOLS OF
		ODDS OF	120,000 TICKETS
GAME PLAY	WIN	1 IN	PER POOL
$5 x 2	$10	15.00	536,000
$10	$10	30.00	268,000
$5 x 3	$15	30.00	268,000
$15	$15	15.00	536,000
$5 x 4	$20	30.00	268,000
$10 x 2	$20	30.00	268,000
$5 x 8	$40	252.63	31,825
($5 x 4) + ($10 x 2)	$40	252.63	31,825
$10 x 4	$40	252.63	31,825
$15 + $25	$40	240.00	33,500
$40	$40	252.63	31,825
$50	$50	101.69	79,060
$5 x 20	$100	400.00	20,100
$25 x 4	$100	600.00	13,400
($10 x 6) + $40	$100	800.00	10,050
$20 x 5	$100	800.00	10,050
$100	$100	600.00	13,400
$10 x 20	$200	2,400.00	3,350
($10 x 10) + ($20 x 3) + $40	$200	2,000.00	4,020
$20 x 10	$200	2,000.00	4,020
($25 x 4) + ($50 x 2)	$200	2,000.00	4,020
$200	$200	2,000.00	4,020
$25 x 20	$500	4,615.38	1,742
$50 x 10	$500	4,615.38	1,742
($20 x 5) + ($25 x 12) + ($50 x 2)	$500	4,800.00	1,675
$100 x 5	$500	4,800.00	1,675
$500	$500	4,800.00	1,675
$50 x 20	$1,000	64,320.00	125
$100 x 10	$1,000	64,320.00	125
$200 x 5	$1,000	64,320.00	125
$500 x 2	$1,000	67,000.00	120
$1,000	$1,000	67,000.00	120
$500 x 20	$10,000	536,000.00	15
$10,000	$10,000	536,000.00	15
LIFE ($5,000 a month for 20 years)	Top Prize	2,680,000.00	3

 

(10) The estimated overall odds of winning some prize in Instant Game Number 520 are 1 in 3.24. Prizes, including the top prizes, are subject to availability at the time of ticket purchase. Prizes may be unavailable due to prior sale or other causes occurring in the normal course of business including, but not limited to, ticket damage, defect, theft, or loss.

(11) For reorders of Instant Game Number 520, the estimated odds of winning, value, and number of prizes shall be proportionate to the number of tickets reordered.

(12) By purchasing a SET FOR LIFE lottery ticket the player agrees to comply with and abide by all rules and regulations of the Florida Lottery.

(13) Payment of prizes for SET FOR LIFE lottery tickets shall be made in accordance with rules of the Florida Lottery governing procedures for awarding prizes. A copy of the current rule can be obtained from the Florida Lottery, Office of the General Counsel, 250 Marriott Drive, Tallahassee, Florida 32399-4011.

Specific Authority 24.105(9)(a), (b), (c), 24.109(1), 24.115(1) FS. Law Implemented 24.105(9)(a), (b), (c), 24.115(1) FS. History–New 1-16-04.