Game Number 1407, $5,000,000 GOLD RUSH CLASSIC

 

DEPARTMENT OF THE LOTTERY

RULE NO.:RULE TITLE:

53ER18-58Game Number 1407, $5,000,000 GOLD RUSH CLASSIC

SUMMARY: This emergency rule describes Game Number 1407, “$5,000,000 GOLD RUSH CLASSIC," 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:

 

53ER18-58 Game Number 1407, $5,000,000 GOLD RUSH CLASSIC.

(1) Name of Game. Game Number 1407, “$5,000,000 GOLD RUSH CLASSIC.”

(2) Game Number 1407, $5,000,000 GOLD RUSH CLASSIC is a Scratch-Off lottery game (also known as an instant lottery game).

(3) Price. $5,000,000 GOLD RUSH CLASSIC lottery tickets sell for $20.00 per ticket.

(4) $5,000,000 GOLD RUSH CLASSIC 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 $5,000,000 GOLD RUSH CLASSIC lottery ticket, the ticket must meet the applicable requirements of Rule 53ER17-54, Florida Administrative Code.

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

(6) The “WINNING NUMBERS” 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 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 five times the corresponding prize shown for that symbol. A ticket having a “” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to ten times the corresponding prize shown for that symbol. A ticket having a “” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to a prize of $500.  A ticket having a “” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to all twenty prizes shown in the play area.

(b) The prizes are $2.00, $5.00, $10.00, $20.00, $25.00, $30.00, $40.00, $50.00, $100, $250, $500, $1,000, $10,000, $100,000 and .     

(10) $5,000,000 Top Prize and $1,000,000 Prize Payment Options.

(a) A winner of a $5,000,000 top prize or $1,000,000 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 $5,000,000 top prize or $1,000,000 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 the sixty (60) day timeframe, 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. The Annual Payment method of payment will also be final when it is applied due to a top prize winner not making his or her payment election within sixty (60) days after the player claim instructions ticket is produced.   

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

1. A winner of a $5,000,000 top prize who elects the Cash Option shall receive a single cash payment of $3,550,000, less applicable federal income tax withholding. 

2. A winner of a $1,000,000 prize who elects the Cash Option shall receive a single cash payment of $710,000, less applicable federal income tax withholding.

(c) Annual Payment prizes will be paid in twenty-five (25) equal annual installments.

1. A winner of a $5,000,000 top prize who elects the Annual Payment option shall receive annual installments of $200,000 per year, less applicable federal withholding taxes. 

2. A winner of a $1,000,000 prize who elects the Annual Payment option shall receive annual installments of $40,000 per year, less applicable federal withholding taxes. 

(d) Any interest or earnings accruing on a $5,000,000 top prize or a $1,000,000 prize prior to the prize payment shall accrue to the Florida Lottery and not to the winner.  

(11) The estimated odds of winning, value, and number of prizes in Game Number 1407 are as follows:

GAME PLAY	WIN	ESTIMATED ODDS OF 1 IN	NUMBER OF WINNERS IN 504 POOLS OF 120,000 TICKETS PER POOL
$2 (10X)	$20.00	15.00	4,032,000
$10 x 2	$20.00	30.00	2,016,000
$5 x 4	$20.00	30.00	2,016,000
$20	$20.00	30.00	2,016,000
$5 (5X)	$25.00	75.00	806,400
$5 + $20	$25.00	150.00	403,200
$5 + ($10 x 2)	$25.00	150.00	403,200
$25	$25.00	150.00	403,200
$5 + $5 (5X)	$30.00	150.00	403,200
$5 + $25	$30.00	150.00	403,200
$10 x 3	$30.00	150.00	403,200
$10 + $20	$30.00	150.00	403,200
$30	$30.00	150.00	403,200
$5 + $5 (5X) + $10	$40.00	150.00	403,200
$10 + $30	$40.00	150.00	403,200
$20 x 2	$40.00	150.00	403,200
($5 x 2) + $30	$40.00	150.00	403,200
$40	$40.00	150.00	403,200
$5 (5X) + $25	$50.00	150.00	403,200
($10 x 3) + $20	$50.00	150.00	403,200
$10 + ($20 x 2)	$50.00	150.00	403,200
$25 x 2	$50.00	150.00	403,200
$50	$50.00	150.00	403,200
$5 x 20 (MONEYBAG)	$100.00	300.00	201,600
$5 x 20	$100.00	272.73	221,760
$20 (5X)	$100.00	272.73	221,760
$10 (10X)	$100.00	240.00	252,000
$10 (5X) + $50	$100.00	240.00	252,000
$50 x 2	$100.00	240.00	252,000
$100	$100.00	240.00	252,000
$25 x 20 (MONEYBAG)	$500.00	1,333.33	45,360
($20 x 10) + ($30 x 10)	$500.00	1,333.33	45,360
$20 (10X) + $50 + $250	$500.00	1,333.33	45,360
$25 (10X) x 2	$500.00	1,333.33	45,360
$10 (10X) + $40 (10X)	$500.00	1,333.33	45,360
($50 x 4) + ($100 x 3)	$500.00	1,333.33	45,360
$100 (5X)	$500.00	1,263.16	47,880
$500 (GOLDBAR)	$500.00	800.00	75,600
$50 x 20 (MONEYBAG)	$1,000.00	30,000.00	2,016
$50 x 20	$1,000.00	40,000.00	1,512
$100 (10X)	$1,000.00	30,000.00	2,016
($100 x 5) + $100 (5X)	$1,000.00	40,000.00	1,512
$100 (5X) + $500 (GOLDBAR)	$1,000.00	40,000.00	1,512
($500 (GOLDBAR) x 2)	$1,000.00	30,000.00	2,016
$1,000	$1,000.00	40,000.00	1,512
$10,000	$10,000.00	120,000.00	504
$100,000	$100,000.00	3,024,000.00	20
$1,000,000 ($40K/YR/25YRS)	Prize	2,016,000.00	30
$5,000,000 ($200K/YR/25YRS)	Top Prize	10,080,000.00	6

(12) The estimated overall odds of winning some prize in Game Number 1407 are 1 in 2.99. 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 Game Number 1407, the estimated odds of winning, value, and number of prizes shall be proportionate to the number of tickets reordered.

(14) Payment of prizes for $5,000,000 GOLD RUSH CLASSIC 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- 9-27-18.

 

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: September 27, 2018.