Instant Game Number 1224, 50X THE CASH

 

DEPARTMENT OF THE LOTTERY

RULE NO.:RULE TITLE:

53ER14-9Instant Game Number 1224, 50X THE CASH

SUMMARY: This emergency rule describes Instant Game Number 1224, “50X THE 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:

 

53ER14-9 Instant Game Number 1224, 50X THE CASH.

(1) Name of Game. Instant Game Number 1224, “50X THE CASH.”

(2) Price. 50X THE CASH lottery tickets sell for $10.00 per ticket.

(3) 50X THE 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 50X THE CASH lottery ticket, the ticket must meet the applicable requirements of Rule 53ER13-31, F.A.C.

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

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

(6) The prize play symbols and play 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 five times 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 ten times 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 twenty times 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 fifty times the prize shown for that symbol.

(b) The prizes are: $2.00, $5.00, $10.00, $15.00, $20.00, $25.00, $30.00, $40.00, $50.00, $100, $150, $250, $500, $1,000, $5,000, $10,000, and .

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

(a) A winner of a $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 $1,000,000 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. 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. 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.

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

(10) The estimated odds of winning, value and number of prizes in Instant Game Number 1224 are as follows:

			NUMBER OF
			WINNERS IN
		ESTIMATED	184 POOLS OF
		ODDS OF	120,000 TICKETS
GAME PLAY	WIN	1 IN	PER POOL
$5 x 2	$10	60.00	368,000
$2 (5X)	$10	30.00	736,000
$10	$10	30.00	736,000
$5 x 3	$15	60.00	368,000
$5 + $10	$15	60.00	368,000
$2 (5X) + $5	$15	30.00	736,000
$15	$15	60.00	368,000
$5 x 4	$20	60.00	368,000
$2 (5X) + $10	$20	100.00	220,800
$10 x 2	$20	150.00	147,200
$2 (10X)	$20	60.00	368,000
$20	$20	60.00	368,000
$5 x 5	$25	300.00	73,600
$5 (5X)	$25	300.00	73,600
$5 + ($10 x 2)	$25	300.00	73,600
$2 (10X) + $5	$25	300.00	73,600
$25	$25	300.00	73,600
$5 x 6	$30	500.00	44,160
$2 (5X) + ($10 x 2)	$30	500.00	44,160
$2 (10X) + $10	$30	600.00	36,800
$10 x 3	$30	600.00	36,800
$30	$30	600.00	36,800
$5 x 8	$40	600.00	36,800
$2 (5X) + ($10 x 3)	$40	600.00	36,800
$2 (10X) + $20	$40	600.00	36,800
$10 x 4	$40	600.00	36,800
$40	$40	960.00	23,000
$5 x 10	$50	750.00	29,440
$5 (10X)	$50	750.00	29,440
$2 (5X) + ($20 x 2)	$50	750.00	29,440
$20 + ($15 x 2)	$50	750.00	29,440
$50	$50	750.00	29,440
($5 x 10) + ($10 x 5)	$100	400.00	55,200
$20 (5X)	$100	600.00	36,800
$10 (10X)	$100	400.00	55,200
$2 (50X)	$100	240.00	92,000
$5 (20X)	$100	600.00	36,800
$100	$100	631.58	34,960
$10 x 15	$150	12,000.00	1,840
$10 (10X) + ($10 x 5)	$150	12,000.00	1,840
$30 (5X)	$150	15,000.00	1,472
$2 (50X) + ($15 x 2) + $20	$150	12,000.00	1,840
$50 + $100	$150	15,000.00	1,472
$150	$150	15,000.00	1,472
($15 x 10) + ($20 x 5)	$250	12,000.00	1,840
$20 (5X) + $20 (5X) + $50	$250	15,000.00	1,472
$25 (10X)	$250	12,000.00	1,840
$5 (50X)	$250	12,000.00	1,840
$50 x 5	$250	15,000.00	1,472
$250	$250	15,000.00	1,472
($25 x 10) + ($50 x 5)	$500	20,000.00	1,104
$50 (10X)	$500	12,000.00	1,840
$10 (50X)	$500	10,000.00	2,208
$100 (5X)	$500	12,000.00	1,840
$500	$500	15,000.00	1,472
($50 x 10) + ($100 x 5)	$1,000	24,000.00	920
$50 (20X)	$1,000	24,000.00	920
($40 (5X) x 5)	$1,000	30,000.00	736
$20 (50X)	$1,000	20,000.00	1,104
$1,000	$1,000	30,000.00	736
$500 (10X)	$5,000	120,000.00	184
$100 (50X)	$5,000	120,000.00	184
$5,000	$5,000	120,000.00	184
$10,000	$10,000	120,000.00	184
$1,000,000 ($40K/YR/25YRS)	Top Prize	1,380,000.00	16

 

(11) The estimated overall odds of winning some prize in Instant Game Number 1224 are 1 in 3.46. 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 1224, the estimated odds of winning, value, and number of prizes shall be proportionate to the number of tickets reordered.

(13) Payment of prizes for 50X THE 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 1-31-14.

 

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: January 31, 2014