Instant Game Number 1265, $10,000,000 FLORIDA CASH

 

DEPARTMENT OF THE LOTTERY

RULE NO.:RULE TITLE:

53ER15-12Instant Game Number 1265, $10,000,000 FLORIDA CASH

SUMMARY: This emergency rule describes Instant Game Number 1265, "$10,000,000 FLORIDA CASH" for which the Department of the Lottery will start selling tickets on a date to be determined by the Secretary of the Department. The rule sets forth the specifics of the game; determination of prizewinners; estimated odds of winning, value and number of prizes in the game.

THE PERSON TO BE CONTACTED REGARDING THE EMERGENCY RULE IS: Diane D. Schmidt, Legal Analyst, Department of the Lottery, 250 Marriott Drive, Tallahassee, Florida 32399-4011

 

THE FULL TEXT OF THE EMERGENCY RULE IS:

 

53ER15-12 Instant Game Number 1265, $10,000,000 FLORIDA CASH.

(1) Name of Game. Instant Game Number 1265, “$10,000,000 FLORIDA CASH.”

(2) Price. $10,000,000 FLORIDA CASH lottery tickets sell for $25.00 per ticket.

(3) $10,000,000 FLORIDA CASH 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. To be a valid winning $10,000,000 FLORIDA CASH lottery ticket, the ticket must meet the applicable requirements of Rule 53ER13-31, Florida Administrative 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 play symbol and corresponding play symbol caption in the “YOUR NUMBERS” play area that matches a play symbol and corresponding play symbol caption in the “WINNING NUMBERS” play area shall entitle the claimant to the corresponding prize shown for that symbol. A ticket having a “” symbol and corresponding caption in the “YOUR NUMBERS” play area shall entitle the claimant to the corresponding prize shown. A ticket having a “” symbol and corresponding caption in the “YOUR NUMBERS” play area shall entitle the claimant to double the prize shown for that symbol. A ticket having a “” symbol and corresponding caption in the “YOUR NUMBERS” play area shall entitle the claimant to a prize of $500.  A ticket having a “” symbol and corresponding caption in the “YOUR NUMBERS” play area shall entitle the claimant to all twenty-five prizes shown.

(b) The prizes are: $5.00, $10.00, $20.00, $25.00, $30.00, $40.00, $50.00, $100, $200, $400, $500, $1,000, $5,000, $20,000, and .

(9) $1,000,000 and $10,000,000 Prize Payment Options.

(a) A winner of a $1,000,000 or $10,000,000 prize may choose one of two payment options for receiving his or her prize. Payment options are “Cash Option” or “Annual Payment.” At the time the $1,000,000 or $10,000,000 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. Once the winner files a claim and exercises the winner’s chosen option, the election of that option shall be final. If a winner does not choose the Cash Option within the sixty (60) day timeframe, the Annual Payment option will be applied.

(b) Cash Option prizes will be paid in a single cash payment.

1. A winner of a $1,000,000 prize shall receive a cash payment of the amount of cash required to purchase U.S. Government Securities that would fund $1,000,000 paid over a twenty-five year period, less applicable federal withholding taxes. This figure will be determined during the week following the date on which the $1,000,000 prize is claimed by obtaining quotes from at least two investment sources. The quote costing the least to fund the twenty-five year payment stream will be the amount of the Cash Option prize.

2. A winner of a $10,000,000 prize shall receive a cash payment of the amount of cash required to purchase U.S. Government Securities that would fund $10,000,000 paid over a twenty-five year period, less applicable federal withholding taxes. This figure will be determined during the week following the date on which the $10,000,000 prize is claimed by obtaining quotes from at least two investment sources. The quote costing the least to fund the twenty-five year payment stream will be the amount of the Cash Option prize.

(c) Annual Payment prizes will be paid in twenty-five equal annual installments of $40,000 per year for the $1,000,000 prize and $400,000 per year for the $10,000,000 prize, less applicable federal withholding taxes.

(10) The estimated odds of winning, value and number of prizes in Instant Game Number 1265 are as follows:

 

			NUMBER OF WINNERS IN
		ESTIMATED	270 POOLS OF
		ODDS OF	120,000 TICKETS
GAME PLAY	WIN	1 IN	PER POOL
$5 + $10 (STACK OF COINS)	$25	20.00	1,620,000
$5 + ($10 x 2)	$25	20.00	1,620,000
$25	$25	20.00	1,620,000
$10 + $10 (STACK OF COINS)	$30	40.00	810,000
$5 + $25	$30	40.00	810,000
$30	$30	40.00	810,000
$20 (STACK OF COINS)	$40	50.00	648,000
$20 x 2	$40	100.00	324,000
$10 + $30	$40	100.00	324,000
$40	$40	100.00	324,000
$10 (STACK OF COINS) + $30	$50	200.00	162,000
$10 x 5	$50	200.00	162,000
($10 x 2) + $30	$50	200.00	162,000
$25 (STACK OF COINS)	$50	200.00	162,000
$50	$50	200.00	162,000
$25 (STACK OF COINS) + $50	$100	85.71	378,000
$25 x 4	$100	240.00	135,000
$10 x 10	$100	240.00	135,000
($30 x 2) + $40	$100	240.00	135,000
$50 x 2	$100	240.00	135,000
$50 (STACK OF COINS)	$100	240.00	135,000
$100	$100	240.00	135,000
($5 x 20) + $50 (STACK OF COINS)	$200	1,200.00	27,000
$25 x 8	$200	1,500.00	21,600
($25 x 4) + $50 (STACK OF COINS)	$200	1,500.00	21,600
($30 x 5) + $50	$200	1,500.00	21,600
$100 (STACK OF COINS)	$200	1,500.00	21,600
$200	$200	1,500.00	21,600
($25 x 10) + ($10 x 15) (MONEYBAG)	$400	2,400.00	13,500
($25 x 10) + ($10 x 15)	$400	3,000.00	10,800
$40 x 10	$400	3,000.00	10,800
$100 x 4	$400	3,000.00	10,800
$200 (STACK OF COINS)	$400	3,000.00	10,800
$400	$400	3,000.00	10,800
$20 x 25 (MONEYBAG)	$500	2,000.00	16,200
$20 x 25	$500	2,000.00	16,200
($40 x 10) + ($50 x 2)	$500	2,000.00	16,200
$100 x 5	$500	2,000.00	16,200
$200 (STACK OF COINS) + $100	$500	2,000.00	16,200
$500 (BILL)	$500	2,000.00	16,200
$40 x 25 (MONEYBAG)	$1,000	6,000.00	5,400
$40 x 25	$1,000	6,000.00	5,400
($100 x 5) + $500 (BILL)	$1,000	6,000.00	5,400
$100 + ($200 x 2) +$500 (BILL)	$1,000	8,571.43	3,780
$500 (STACK OF COINS)	$1,000	8,000.00	4,050
$1,000	$1,000	8,000.00	4,050
$1,000 x 5	$5,000	60,000.00	540
$5,000	$5,000	60,000.00	540
($1,000 x 10) + $5,000 (STACK OF COINS)	$20,000	216,000.00	150
$20,000	$20,000	270,000.00	120
$1,000,000 ($40K/YR/25YRS)	Prize	704,347.83	46
$10,000,000 ($400K/YR/25YRS)	Top Prize	8,100,000.00	4

 

(11) The estimated overall odds of winning some prize in Instant Game Number 1265 are 1 in 2.88. 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.

(12) For reorders of Instant Game Number 1265, the estimated odds of winning, value, and number of prizes shall be proportionate to the number of tickets reordered.

(13) Payment of prizes for $10,000,000 FLORIDA CASH lottery tickets shall be made in accordance with the rule of the Florida Lottery governing payment of 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.

Rulemaking 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 2-20-15.

 

THIS RULE TAKES EFFECT UPON BEING FILED WITH THE DEPARTMENT OF STATE UNLESS A LATER TIME AND DATE IS SPECIFIED IN THE RULE.

EFFECTIVE DATE: February 20, 2015