Iowa Admin. Code r. 531-18.6 - Annuity prizes

Current through Register Vol. 44, No. 20, April 6, 2022

If a prize offered in a scratch game or an instaplay game is an annuity, the prize shall consist of an initial prize payment followed by yearly installments as described in the specific game rules. If the current cash value of an annuity prize attributable to a single ticket or entry is less than $100,000, the lottery may elect to pay the current cash value of the prize in one lump-sum payment.

This rule is intended to implement Iowa Code Supplement sections 99G.9(3), 99G.21, and 99G.31.

Notes

Iowa Admin. Code r. 531-18.6
Amended by IAB October 26, 2016/Volume XXXIX, Number 09, effective 11/30/2016

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