Game Number 1350, $500 A WEEK FOR LIFE

 

DEPARTMENT OF THE LOTTERY

RULE NO.:RULE TITLE:

53ER17-33Game Number 1350, $500 A WEEK FOR LIFE

SUMMARY: This emergency rule describes Game Number 1350, “$500 A WEEK FOR LIFE,” 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:

 

53ER17-33 Game Number 1350, $500 A WEEK FOR LIFE.

(1) Name of Game. Game Number 1350, “$500 A WEEK FOR LIFE.”

(2) Game Number 1350, $500 A WEEK FOR LIFE is a Scratch-Off lottery game (also known as an instant lottery game).

(3) Price. $500 A WEEK FOR LIFE lottery tickets sell for $1.00 per ticket.

(4) $500 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. To be a valid winning $500 A WEEK FOR LIFE lottery ticket, the ticket must meet the applicable requirements of Rule 53ER15-31, Florida Administrative Code.

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

(6) The “WINNING NUMBER” play symbols and play symbol captions are as follows:

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

(8) The legends are as follows:

   

(9) Determination of Prizewinners.

(a) A ticket having a play symbol and corresponding play symbol caption in the “YOUR NUMBERS” play area that matches the play symbol and corresponding play symbol caption in the “WINNING NUMBER” play area shall entitle the claimant to the corresponding prize shown for that symbol. A ticket having a “” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to double the prize shown for that symbol.

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

(10) $500 A WEEK FOR LIFE Top Prize Payment Options.

(a) A winner of a $500 A WEEK FOR LIFE top 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 $500 A WEEK FOR LIFE top prize is claimed, the terminal will produce a top prize 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 of $410,000, less applicable federal withholding taxes.

(c) Annual payment prizes claimed by an individual will be paid in annual installments of $26,000, less applicable tax withholding taxes, for the life of the winner, with a minimum of twenty years. If the top prize is claimed by a trust, corporation or other legal entity, the life prize shall be fixed at twenty years.

(d) At the end of the guaranteed twenty year payment period, winners receiving annual payments will be required to provide evidence satisfactory to the Lottery that they are still living. Thereafter, winners will be required to provide such evidence on an annual basis prior to receipt of their next scheduled payment.

(e) Any interest or earnings accruing on a $500 A WEEK FOR LIFE top prize prior to the prize payment shall accrue to the State of Florida and not to the winner.

(11) The estimated odds of winning, value, and number of prizes in Instant Game Number 1350 are as follows:

GAME PLAY	WIN	ESTIMATED ODDS OF 1 IN	NUMBER OF WINNERS IN 134 POOLS OF 240,000 TICKETS
			PER POOL
$1	$1	10.71	3,001,600
$1 (2X)	$2	37.50	857,600
$1 x 2	$2	60.00	536,000
$2	$2	37.50	857,600
$1 x 4	$4	300.00	107,200
$1 (2X) + $2	$4	300.00	107,200
$2 (2X)	$4	300.00	107,200
$2 x 2	$4	300.00	107,200
$4	$4	300.00	107,200
$1 x 5	$5	500.00	64,320
$1 + $2 (2X)	$5	500.00	64,320
$1 + ($2 x 2)	$5	500.00	64,320
$1 + $4	$5	500.00	64,320
$5	$5	500.00	64,320
$2 + $4 (2X)	$10	750.00	42,880
$2 x 5	$10	750.00	42,880
$5 (2X)	$10	750.00	42,880
$5 x 2	$10	750.00	42,880
$10	$10	750.00	42,880
$5 (2X) + $10	$20	1,500.00	21,440
$4 x 5	$20	1,500.00	21,440
$10 (2X)	$20	1,500.00	21,440
($5 x 2) + $10	$20	1,500.00	21,440
$20	$20	1,500.00	21,440
$10 (2X) + $20	$40	4,800.00	6,700
($5 x 2) + ($10 x 3)	$40	5,333.33	6,030
$20 (2X)	$40	4,800.00	6,700
($10 x 2) + $20	$40	5,000.00	6,432
$40	$40	5,333.33	6,030
($20 x 3) + $20 (2X)	$100	24,000.00	1,340
($5 x 2) + $10 + ($40 x 2)	$100	24,000.00	1,340
$20 + ($40 x 2)	$100	24,000.00	1,340
$20 x 5	$100	24,000.00	1,340
$100	$100	24,000.00	1,340
$1,000	$1,000	240,000.00	134
$500/WK/LIFE	Top Prize	5,360,000.00	6

 

(12) The estimated overall odds of winning some prize in Game Number 1350 are 1 in 4.97.  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.

(13) For reorders of Instant Game Number 1350, the estimated odds of winning, value, and number of prizes shall be proportionate to the number of tickets reordered.

(14) Payment of prizes for $500 A WEEK FOR LIFE 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 6-27-17.

 

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: 6-27-17.