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, then the MUSL Annuity Factor
shall be utilized to determine the cash pool. The cost of the annuitized prize
or prizes will be determined at the time the annuity is purchased through a
process as approved by the MUSL Board.
(3) If no winner of the grand prize during a
single drawing has elected the annuitized grand prize, the amount of cash in
the grand prize pool shall be an amount equal to the guaranteed annuitized
amount divided by the MUSL Annuity Factor.
(4) [Reserved].
(5) Minimum guaranteed prizes or increases
may be waived if the alternate funding mechanism as set forth in §
871.8 becomes necessary.
(6) Approval of
the Group is required to change the guaranteed minimum Grand Prize amounts or
minimum increases in the Grand Prize amount. The Group may increase, decrease
or eliminate the guaranteed minimum Grand Prize amount or any announced minimum
Grand Prize increases as effective at any time following the next drawing
following the action taken by the Group.
