Iowa Administrative Code
Agency 531 - LOTTERY AUTHORITY, IOWA
Chapter 18 - INSTANT TICKET GENERAL RULES
Rule 531-18.6 - Annuity prizes
Universal Citation: IA Admin Code 531-18.6
Current through Register Vol. 46, No. 19, March 20, 2024
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.
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