Instant Game Number 1063, $3,000,000 MONOPOLY™

 

DEPARTMENT OF THE LOTTERY

RULE NO: RULE TITLE
53ER10-8: Instant Game Number 1063, $3,000,000 MONOPOLY™
SUMMARY: This emergency rule describes Instant Game Number 1063, “$3,000,000 MONOPOLY,” 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:

53ER10-8 Instant Game Number 1063, $3,000,000 MONOPOLY™.

(1) Name of Game. Instant Game Number 1063, “$3,000,000 MONOPOLY™.”

(2) Price. $3,000,000 MONOPOLY lottery tickets sell for $20.00 per ticket.

(3) $3,000,000 MONOPOLY 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 $3,000,000 MONOPOLY 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 prize shown for that play symbol. A ticket having a “” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to double the prize shown. A ticket having a “” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to five (5) times the prize shown. A ticket having a “” symbol in the “YOUR NUMBERS” play area shall entitle the claimant to a prize of $200.

(b) The prizes are: $10.00, $20.00, $25.00, $30.00, $40.00, $50.00, $100, $200, $500, $1,000, $5,000, $10,000, $20,000, $500,000 and $3,000,000.

(c) The winner of a $3,000,000 prize may choose one of two payment options for receiving his or her prize. Payment options are “Cash Option” and “Annual Payment.” At the time a $3,000,000 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.

(d) 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 $3,000,000 payable over a twenty year period, less applicable federal withholding taxes. This figure will be determined at the time the $3,000,000 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.

(e) Annual Payment prizes will be paid in twenty (20) annual installments of $150,000 each, less applicable federal withholding taxes.

(f) Any interest or earnings accruing on a $3,000,000 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.

(9) The estimated odds of winning, value and number of prizes in Instant Game Number 1063 are as follows:

 

			NUMBER OF WINNERS IN
		ESTIMATED	210 POOLS OF
		ODDS OF	120,000 TICKETS
GAME PLAY	VALUE	1 IN	PER POOL
$10 x 2	$20	25.00	1,008,000
$10 (TRAIN)	$20	25.00	1,008,000
$20	$20	16.67	1,512,000
$25	$25	12.50	2,016,000
$10 + $10 (TRAIN)	$30	50.00	504,000
$30	$30	50.00	504,000
$10 x 4	$40	250.00	100,800
$10 (TRAIN) + $20	$40	250.00	100,800
$20 x 2	$40	250.00	100,800
$20 (TRAIN)	$40	250.00	100,800
$40	$40	250.00	100,800
$10 x 5	$50	250.00	100,800
$10 (FREE PARKING)	$50	250.00	100,800
$10 + ($20 x 2)	$50	250.00	100,800
$25 (TRAIN)	$50	250.00	100,800
$50	$50	250.00	100,800
$10 x 10	$100	200.00	126,000
$25 x 4	$100	200.00	126,000
$20 (FREE PARKING)	$100	150.00	168,000
$50 (TRAIN)	$100	150.00	168,000
$50 x 2	$100	200.00	126,000
$100	$100	200.00	126,000
$10 x 20	$200	1,200.00	21,000
$20 x 10	$200	1,200.00	21,000
$200 (GO)	$200	240.00	105,000
$25 x 20	$500	2,500.00	10,080
($30 x 10) + ($100 x 2)	$500	3,000.00	8,400
$100 x 5	$500	3,000.00	8,400
$100 (FREE PARKING)	$500	2,500.00	10,080
$200 (GO) + $200 (GO) + $100	$500	2,500.00	10,080
$500	$500	2,400.00	10,500
$50 x 20	$1,000	24,000.00	1,050
($40 x 10) + ($100 x 6)	$1,000	24,000.00	1,050
$100 x 10	$1,000	24,000.00	1,050
$100 (FREE PARKING) + $500	$1,000	24,000.00	1,050
$500 (TRAIN)	$1,000	24,000.00	1,050
$1,000	$1,000	24,000.00	1,050
$500 x 10	$5,000	60,000.00	420
$1,000 (FREE PARKING)	$5,000	120,000.00	210
$5,000	$5,000	120,000.00	210
$500 x 20	$10,000	240,000.00	105
$10,000	$10,000	240,000.00	105
$1,000 x 20	$20,000	400,000.00	63
$20,000	$20,000	400,000.00	63
$500,000	$500,000	2,520,000.00	10
$3,000,000 ($150k/yr/20yrs)	TOP PRIZE	2,520,000.00	10

 

(10) The estimated overall odds of winning some prize in Instant Game Number 1063 are 1 in 2.93. 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.

(11) For reorders of Instant Game Number 1063, the estimated odds of winning, value and number of prizes shall be proportionate to the number of tickets reordered.

(12) Payment of prizes for $3,000,000 MONOPOLY 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 3-12-10.

 

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: March 12, 2010