Instant Game Number 1067, LUCKY $100,000 A YEAR FOR LIFE

DEPARTMENT OF THE LOTTERY

Rule No.: RULE TITLE
53ER10-27: Instant Game Number 1067, LUCKY $100,000 A YEAR FOR LIFE

SUMMARY: This emergency rule describes Instant Game Number 1067, “LUCKY $100,000 A YEAR 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: Faith L. Schneider, Legal Analyst, Department of the Lottery, 250 Marriott Drive, Tallahassee, Florida 32399-4011

 

THE FULL TEXT OF THE EMERGENCY RULE IS:

53ER10-27 Instant Game Number 1067, LUCKY $100,000 A YEAR FOR LIFE.

(1) Name of Game. Instant Game Number 1067, “LUCKY $100,000 A YEAR FOR LIFE.”

(2) Price. LUCKY $100,000 A YEAR FOR LIFE lottery tickets sell for $10.00 per ticket.

(3) LUCKY $100,000 A YEAR 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 LUCKY $100,000 A YEAR FOR LIFE lottery ticket, the ticket must meet the applicable requirements of Rule 53ER10-1, F.A.C.

(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 in the “YOUR NUMBERS” play area shall entitle the claimant to double the prize shown for that symbol. A ticket having a “” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to ten times the prize shown for that symbol.

(b) The prizes are: $5.00, $10.00, $15.00, $20.00, $25.00, $30.00, $40.00, $50.00, $100, $150, $200, $500, $1,000, $5,000, $10,000 and .

(9) Prize Payment Options.

(a) The winner of a $100,000 a year for life 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 a $100,000 a year for life 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. If a winner does not choose the Cash Option within such time, the Annual Payment option will be applied. Once the winner files a claim and exercises the winner’s chosen option, the election of that option shall be final

(b) 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 $100,000 per year for twenty years, less applicable federal withholding taxes. This figure will be determined at the time the $100,000 a year for life prize is claimed, or as soon thereafter as possible based on investment market hours, 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.

(c) Annual Payment prizes claimed by an individual will be paid in equal annual installments of $100,000 for the life of the winner, with a minimum of twenty annual payments, less applicable federal withholding taxes. Annual Payment prizes claimed by a trust, corporation or other legal entity shall consist of twenty annual payments of $100,000, less applicable federal withholding taxes.

(d) Any interest or earnings accruing on a $100,000 a year for life 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.

(10) The estimated odds of winning, value, and number of prizes in Instant Game Number 1067 are as follows:

 

			NUMBER OF WINNERS IN
		ESTIMATED	125 POOLS OF
		ODDS OF	120,000 TICKETS
GAME PLAY	VALUE	1 IN	PER POOL
$5 x 2	$10	60.00	250,000
$5 ($$)	$10	30.00	500,000
$10	$10	30.00	500,000
$5 x 3	$15	60.00	250,000
$5 + $10	$15	60.00	250,000
$5 ($$) + $5	$15	30.00	500,000
$15	$15	60.00	250,000
$5 x 4	$20	60.00	250,000
($5 x 2) + $10	$20	100.00	150,000
$10 x 2	$20	150.00	100,000
$10 ($$)	$20	60.00	250,000
$20	$20	60.00	250,000
$5 x 5	$25	300.00	50,000
($5 x 3) + $10	$25	300.00	50,000
$5 + ($10 x 2)	$25	300.00	50,000
$5 ($$) + $15	$25	300.00	50,000
$25	$25	300.00	50,000
$5 x 6	$30	500.00	30,000
$5 ($$) + ($10 x 2)	$30	500.00	30,000
$10 x 3	$30	600.00	25,000
$15 ($$)	$30	600.00	25,000
$30	$30	600.00	25,000
$5 x 8	$40	600.00	25,000
($5 x 2) + ($10 x 3)	$40	600.00	25,000
$10 x 4	$40	600.00	25,000
$20 ($$)	$40	600.00	25,000
$40	$40	960.00	15,625
$5 x 10	$50	750.00	20,000
$5 (STAR)	$50	750.00	20,000
$20 + ($15 x 2)	$50	750.00	20,000
$10 ($$) + $15 ($$)	$50	750.00	20,000
$50	$50	750.00	20,000
($5 x 10) + ($10 x 5)	$100	400.00	37,500
$10 x 10	$100	400.00	37,500
$10 (STAR)	$100	400.00	37,500
$20 x 5	$100	400.00	37,500
$50 ($$)	$100	400.00	37,500
$100	$100	480.00	31,250
$10 x 15	$150	10,000.00	1,500
$15 x 10	$150	10,000.00	1,500
$15 (STAR)	$150	10,000.00	1,500
$50 + $100	$150	12,000.00	1,250
$150	$150	12,000.00	1,250
($10 x 10) + ($20 x 5)	$200	8,000.00	1,875
$20 (STAR)	$200	8,000.00	1,875
$25 x 8	$200	10,000.00	1,500
$100 ($$)	$200	10,000.00	1,500
$200	$200	10,000.00	1,500
($25 x 10) + ($50 x 5)	$500	12,000.00	1,250
$50 (STAR)	$500	12,000.00	1,250
($25 x 4) + ($50 x 4) + $100 ($$)	$500	15,000.00	1,000
$200 ($$) + $100	$500	12,000.00	1,250
$500	$500	12,000.00	1,250
($50 x 10) + ($100 x 5)	$1,000	24,000.00	625
$100 (STAR)	$1,000	24,000.00	625
$200 x 5	$1,000	24,000.00	625
$500 ($$)	$1,000	24,000.00	625
$1,000	$1,000	24,000.00	625
$500 x 10	$5,000	120,000.00	125
$1,000 x 5	$5,000	120,000.00	125
$5,000	$5,000	120,000.00	125
$10,000	$10,000	120,000.00	125
LIFE ($100K/YR/LIFE)	TOP PRIZE	3,750,000.00	4

 

(11) The estimated overall odds of winning some prize in Instant Game Number 1067 are 1 in 3.45. 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 1067, the estimated odds of winning, value, and number of prizes shall be proportionate to the number of tickets reordered.

(13) Payment of prizes for LUCKY $100,000 A YEAR 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 7-9-10.

 

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: July 9, 2010