53ER13-9. Instant Game Number 1181, $500 A WEEK FOR LIFE.  


Effective on Friday, February 01, 2013
  • 1(1) Name 3of Game. 5Instant Game Number 11981, 10“$500 A WEEK FOR LIFE.”

    15(2) Price. $51800 A WEEK FOR LIFE lottery tickets sell for $1.00 per ticket.

    30(3) $53200 A WEEK 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 validation number under the latex area on the ticket. 70To be a valid winning $57600 A WEEK FOR LIFE lottery ticket, the ticket must meet the applicable requirements of Rule 53ER1932-80, 94F.A.C95.

    96(4) The “YOUR NUMBERS” play symbols and play symbol captions are as follows:

    109(5) The “112LUCKY NUMBER114” play symbols and play symbol captions are as follows:

    124(6) The prize symbols and prize symbol captions are as follows:

    135(7) The legends are as follows:

       

    141(8) Determination of Prizewinners.

    145(a) A ticket having a play symbol and corresponding play symbol caption in the “YOUR NUMBERS” play area that matches 165the 166play symbol and corresponding play symbol caption in the “176WINNING 177NUMBER178” play area shall entitle the claimant to the corresponding prize shown for that symbol. 193A ticket having a “198” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to 211double the prize 214shown 215for that symbol.

    218(b) The prizes are: $1.00, $2.00, $4.00, $5.00, $10.00, $20.00, $40.00, $100, 230$1,000 232and233.

    234(9) $236500 237A WEEK FOR LIFE Prize Payment Options.

    244(a) A winner of a $250500 251A WEEK FOR LIFE prize may choose one of 260three payment 262options f264or receiving his or her prize. 270Payment options are “274c275ash 276o277ption,278 279280w281eekly 282p283ayment” or “286annual 287p288ayment.” 289At the time the $294500 295A WEEK FOR LIFE prize is claimed, the terminal will produce a top prize pla310yer claim instructions ticket. 314The winner has sixty (60) days from the date the player claim instructions ticket is produced to file a claim choosing the 336c337as338h 339o340ption. 341If a winner does not choose the 348c349ash 350o351ption within such time, the 356winner will be required to choose between the 364w365eekly 366p367ayment option 369and the 371annual 372p373ayment option. 375Once the winner files a claim and exercises the winner’s chosen option, the election of that option shall be final.

    395(b) Cash 397o398ption 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 the applicable prize amount of $429500 430a week for a twenty year period, less applica439ble federal withholding taxes. 443This figure will be determined during the week following the date on which the $458500 459A WEEK FOR LIFE prize is claimed by obtaining quotes from at 471least two investment sources. 475The quote costing the least to fund the twenty year payment stream 487will be the amount of the 493c494ash 495o496ption prize.

    498(c) Weekly 500p501ayment prizes claimed by an individual will be paid in equal weekly installments of $516500, 517less applicable federal withholding taxes, for 523the life 525of the winner, with a minimum of twenty years, 534which equals 536$520,537005380539. 540Weekly 541p542ayment prizes claimed by a trust, corporation or other legal entity shall be paid in equal weekly installments of $562500 563for a period not greater than twenty years, less applicable federal withholding taxes.

    576(d) 577Annual payment prizes claimed by an individual will be paid in annual installments of $26,000, 593less applicable tax withholding taxes, for the life of the winner, 604with a minimum of twenty years, 610which equals 612$520,000.

    614(e) Following the end of the guaranteed twenty year payment period, 625w626eekly 627p628ayment prizes will be converted to 634annual payments.

    636(f) 637At the end of the guaranteed twenty year payment period, winners receiving weekly payments 651or 652annual 653payments will be required to provide evidence to the Lottery that they are still living. Thereafter, winners will be required to provide such evidence on a679n annual 681basis prior to receipt of their next scheduled payment.

    690(g691) Any interest or earnings accruing on a $700500 701A WEEK FOR LIFE 705prize prior to the prize payment or purchase of securities, under either the 718c719ash 720o721ption or the 724w725eekly 726or 727annual 728p729ayment 730o731ption, shall accrue to the State of Florida and not to the winner.

    744(10) The estimated odds of winning, value, and number of prizes in Instant Game Number 7591176081 761are as follows:

     

     

     

    764NUMBER OF

     

     

     

    766WINNERS IN

     

     

    768ESTIMATED

    769126 POOLS OF

     

     

    772ODDS OF

    774240,000 TICKETS

    777GAME PLAY

    779VALUE

    7801 IN

    782PER POOL

    784$1

    785$1

    78610.71

    7872,822,400

    790$1 (STAR)

    792$2

    79337.50

    794806,400

    796$1 x 2

    799$2

    80060.00

    801504,000

    803$2

    804$2

    80537.50

    806806,400

    808$1 x 4

    811$4

    812300.00

    813100,800

    815$1 (STAR) + $2

    819$4

    820300.00

    821100,800

    823$2 (STAR)

    825$4

    826300.00

    827100,800

    829$2 x 2

    832$4

    833300.00

    834100,800

    836$4

    837$4

    838300.00

    839100,800

    841($1 x 3) + $2

    846$5

    847500.00

    84860,480

    850$1 + $2 (STAR)

    854$5

    855500.00

    85660,480

    858$1 + ($2 x 2)

    863$5

    864500.00

    86560,480

    867$1 + $4

    870$5

    871500.00

    87260,480

    874$5

    875$5

    876500.00

    87760,480

    879$2 + $4 (STAR)

    883$10

    884750.00

    88540,320

    887($2 x 3) + $4

    892$10

    893750.00

    89440,320

    896$5 (STAR)

    898$10

    899750.00

    90040,320

    902$5 x 2

    905$10

    906750.00

    90740,320

    909$10

    910$10

    911750.00

    91240,320

    914$5 (STAR) + $10

    918$20

    9191,500.00

    92120,160

    923$5 x 4

    926$20

    9271,500.00

    92920,160

    931$10 (STAR)

    933$20

    9341,500.00

    93620,160

    938($5 x 2) + $10

    943$20

    9441,500.00

    94620,160

    948$20

    949$20

    9501,500.00

    95220,160

    954$10 (STAR) + $20

    958$40

    9595,000.00

    9616,048

    963$10 x 4

    966$40

    9676,000.00

    9695,040

    971$20 (STAR)

    973$40

    9745,333.33

    9765,670

    978($10 x 2) + $20

    983$40

    9846,000.00

    9865,040

    988$40

    989$40

    9906,000.00

    9925,040

    994($20 x 3) + $20 (STAR)

    1000$100

    100140,000.00

    1003756

    1004($10 x 2) + ($40 x 2)

    1011$100

    101240,000.00

    1014756

    1015$20 + ($40 x 2)

    1020$100

    102140,000.00

    1023756

    1024$20 x 5

    1027$100

    102840,000.00

    1030756

    1031$100

    1032$100

    103340,000.00

    1035756

    1036$1,000

    1038$1,000

    1040120,000.00

    1042252

    1043$500/WK/LIFE

    1044Top Prize

    10465,040,000.00

    10496

    1050(11) The estimated overall odds of winning some prize in Instant Game Number 106311106481 1065are 1 in 10684.9106971070. 1071Prizes, including the top prizes, are subject to availability at 1081the time of ticket purchase. 1086Prizes 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.

    1115(12) For reorders of Instant Game Number 111231112481, 1125the estimated odds of winning, value, and number of prizes shall be proportionate to the number of tickets reordered.

    1144(13) Payment of prizes for $1150500 1151A WEEK FOR LIFE lottery tickets shall be made in accordance with the rule of the Florida Lotter1169y governing payment of prizes.

    1174A copy of the current rule can be obtained from the Florida Lottery, Office of the General Counsel, 250 Marriott Drive, Tallahassee, Florida 32399-4011.

    1198Rulemaking Authority 120024.105(9)(a), 1201(b), (c), 120324.109(1), 120424.115(1) FS. 1206Law Implemented 120824.105(9)(a), 1209(b), (c), 121124.115(1) FS. 1213History12141215New 12162-1-131217.