The MUSL Powerball Product Group may offer guaranteed minimum
grand prize amounts or minimum increases in the grand prize amount between
drawings or make other changes in the allocation of prize money where the MUSL
Powerball Product Group finds that it would be in the best interest of the
game. If a minimum grand prize amount or a minimum increase in the grand prize
amount between drawings is offered by the Product Group, the grand prize shares
shall be determined as follows:
(1) If
there are multiple grand prize winners during a single drawing, each selecting
the annuitized option prize, then a winner's share of the guaranteed annuitized
grand prize shall be determined by dividing the guaranteed annuitized grand
prize by the number of winners.
(2)
If there are multiple grand prize winners during a single drawing and at least
one of the grand prize winners has elected the annuitized option prize, the
best bid submitted by the MUSL's preapproved qualified brokers shall determine
the cash pool needed to fund the guaranteed annuitized grand prize.
(3) If no winner of the grand prize during a
single drawing has elected the annuitized option prize, the amount of cash in
the grand prize pool shall be an amount equal to the guaranteed annuitized
amount divided by the average annuity factor of the most recent three best
quotes provided by the MUSL's preapproved qualified brokers submitting
quotes.
(4) Quotes will not be used
which are more than 2 weeks old, and if less than three quotes are submitted,
the MUSL shall use the average of all quotes submitted.
(5) Changes in the allocation of prize money
shall be designed to retain approximately the same prize allocation
percentages, over a year's time, as set forth in §
871.8 (relating to expected prize
payout percentages). Minimum guaranteed prizes or increases may be waived if
the alternate funding mechanism as set forth in § 871.8 becomes
necessary.
