Sec. 53ER09-72 - Instant Game Number 1048, LUCKY &dollar200,000 A YEAR FOR LIFE

§ 53ER09-72. Instant Game Number 1048, LUCKY $200,000 A YEAR FOR LIFE

(1) Name of Game. Instant Game Number 1048, "LUCKY $200,000 A YEAR FOR LIFE."

(2) Price. LUCKY $200,000 A YEAR FOR LIFE lottery tickets sell for $20.00 per ticket.

(3) LUCKY $200,000 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 $200,000 A YEAR FOR LIFE lottery ticket, the ticket must meet the applicable requirements of Rule 53ER08-89, 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 $100.

(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, $1,000,000 ($50k a year for life) and $4,000,000 ($200k a year for life).

(9) $1,000,000 and $4,000,000 Prize Payment Options.

(a) A winner of a $1,000,000 or $4,000,000 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 or $4,000,000 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 the applicable prize amount of $1,000,000 or $4,000,000 payable over a twenty year period, less applicable federal withholding taxes. This figure will be determined during the week following the date on which the $1,000,000 or $4,000,000 prize is claimed 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 $50,000 for the $1,000,000 prize and $200,000 for the $4,000,000 prize 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 $50,000 or $200,000 each as applicable, less applicable federal withholding taxes.

(d) Any interest or earnings accruing on a $1,000,000 or $4,000,000 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 1048 are as follows:

         NUMBER OF
         WINNERS IN
      ESTIMATED 250 POOLS OF
      ODDS OF 120,000 TICKETS
GAME PLAY VALUE 1 IN PER POOL
$10 x 2 $20 16.67 1,800,000
$20 $20 12.50 2,400,000
$25 $25 12.50 2,400,000
$10 + $20 $30 50.00 600,000
$30 $30 50.00 600,000
$10 x 4 $40 250.00 120,000
($10 x 2) + $20 $40 250.00 120,000
$20 x 2 $40 125.00 240,000
$40 $40 250.00 120,000
$10 x 5 $50 250.00 120,000
($10 x 3) + $20 $50 250.00 120,000
($20 x 2) + $10 $50 250.00 120,000
$25 x 2 $50 250.00 120,000
$50 $50 250.00 120,000
$10 x 10 $100 200.00 150,000
$20 x 5 $100 260.87 115,000
$25 x 4 $100 250.00 120,000
$50 x 2 $100 250.00 120,000
$100 (STAR) $100 80.00 375,000
$100 $100 250.00 120,000
$20 x 10 $200 1,200.00 25,000
$25 x 8 $200 1,200.00 25,000
$50 x 4 $200 1,200.00 25,000
($25 x 4) + $100 (STAR) $200 1,142.86 26,250
($50 x 2) + $100 (STAR) $200 1,200.00 25,000
$200 $200 1,200.00 25,000
$25 x 20 $500 2,400.00 12,500
($25 x 10) + ($50 x 5) $500 4,444.44 6,750
($30 x 10) + ($100 x 2) $500 2,400.00 12,500
$50 x 10 $500 3,000.00 10,000
$100 x 5 $500 4,000.00 7,500
$500 $500 4,000.00 7,500
$50 x 20 $1,000 15,000.00 2,000
($50 x 10) + ($100 x 5) $1,000 15,000.00 2,000
$100 x 10 $1,000 20,000.00 1,500
$200 x 5 $1,000 20,000.00 1,500
$500 x 2 $1,000 20,000.00 1,500
$1,000 $1,000 20,000.00 1,500
$500 x 10 $5,000 120,000.00 250
$5,000 $5,000 120,000.00 250
$500 x 20 $10,000 120,000.00 250
$10,000 $10,000 120,000.00 250
$1,000 x 20 $20,000 600,000.00 50
$10,000 x 2 $20,000 600,000.00 50
$20,000 $20,000 600,000.00 50
$1,000,000 ($50K/YR/LIFE) PRIZE 3,000,000.00 10
$4,000,000 ($200K/YR/LIFE) TOP PRIZE 3,000,000.00 10

(11) The estimated overall odds of winning some prize in Instant Game Number 1048 are 1 in 2.94. 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 1048, 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 $200,000 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.

(New 12-30-09.)

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.

The following state regulations pages link to this page.