Current through March 20, 2024
1704.01 There are
10 prize levels in the Game.
1704.02 Except as provided in these
regulations, the top prize (Prize Level #1) shall be annuitized and based on a
top prize liability that will be split equally among the number of winning game
tickets. A top prize winner may request the cash option, the amount of which is
to be established by the New England Lotteries for a defined period of
drawings. Notice of the amount of and changes to the cash option shall be
posted on the game's website. Under certain circumstances, as detailed below,
the top prize is required to be paid in a single lump sum cash payment and no
annuitized payment option is available.
1704.02A
One (1) Top Prize
Winner. If there is one (1) top prize winner, the annuitized prize value
will be seven thousand dollars ($7,000.00) per week for life. As an alternative
to the annuitized payment option, the top prize winner may request the top
prize cash option in the amount set forth in the published notice.
1704.02B
Two (2) to Fourteen (14) Top
Prize Winners. If there are between two (2) and fourteen (14) top prize
winners, the annuitized payment option, based on an annuitized prize value of
seven thousand dollars ($7,000.00) per week, will be divided by the total
number of top prize winners. The minimum annuitized prize value for this
category will be five hundred dollars ($500.00) a week for life. Any of these
two (2) to fourteen (14) top prize winners may choose the cash option as an
alternative to the annuitized payment option. The amount of the cash option for
this category will be the amount of the top prize cash option set forth in the
published notice divided by the total number of top prize winners. The minimum
cash option for this category will be the amount set forth in the published
notice.
1704.02C
Fifteen (15)
or more Top Prize Winners. If there are fifteen (15) or more top prize
winners, the top prize liability shall be capped at seven million one hundred
twenty-five thousand dollars ($7,125,000.00), shall be split equally among all
top prize winners, and shall paid in one (1) lump sum cash payment, without an
annuitized payment option. The minimum prize value for this category shall not
be less than any lower tier prize paid in that respective drawing.
1704.02D The winner(s) of the top prize who
do not request the cash option shall be paid their appropriate top prize share
on a weekly basis, or according to such other schedule of payments set at the
discretion of the Division, as permitted in REG-1705, for a minimum period of
twenty (20) years. The first top prize payment will be made after the prize is
claimed at the Division.
1704.02E
Measuring Life. For a single wager, the measuring life of a top
prize winner used to determine the duration over which the top prize is paid,
shall be the natural life of the individual determined by the Division to be
the top prize winner. If the top prize under a single wager is being claimed by
more than one (1) natural person or by a legal entity, the measuring life for
that top prize winner shall be twenty (20) years.
1704.02F If paid in a lump sum cash payment,
top prize amounts will be rounded to the nearest whole dollar.
1704.03 Except as provided in
these regulations, the second prize (Prize Level #2) winner will be paid
twenty-five thousand dollars ($25,000.00) a year for life. A second prize
winner may request the cash option, the amount of which is to be established by
the New England Lotteries for a defined period of drawings. Notice of the
amount of and changes to the cash option shall be posted on the game's website.
Under certain circumstances, as detailed below, the second prize is required to
be paid in a single lump sum cash payment and no annuitized payment option is
available.
1704.03A
One (1) to Twenty
(20) Second Prize Winners. If there are between one (1) and twenty (20)
second prize winner(s), the annuitized prize value will be twenty-five thousand
dollars ($25,000.00) per year for life. Any of these one (1) to twenty (20)
second prize winner(s) may choose the second prize cash option as an
alternative to the annuitized payment option. The amount of the cash option for
this category will be set forth in the published notice.
1704.03B
Twenty-one (21) or more Second
Prize Winners. If there are twenty-one (21) or more second prize
winners, the second prize liability shall be capped at nine million four
hundred thousand dollars ($9,400,000.00), shall be split equally among all
second prize winners, and shall be paid in a single lump sum cash payment,
without an annuitized payment option. The minimum prize value for this category
shall not be less than any lower tier prize paid in that respective
drawing.
1704.03C The winner(s) of
the second prize who do not request the cash option shall be paid their
appropriate second prize share on an annual basis for a minimum period of
twenty (20) years. The initial second prize payment will be made after the
prize is claimed at the Division; subsequent second prize payments will be made
annually thereafter.
1704.03D
Measuring Life. For a single wager, the measuring life of a second
prize winner used to determine the duration over which the second prize is
paid, shall be the natural life of the individual determined by the Division to
be the second prize winner. If the second prize under a single wager is being
claimed by more than one (1) natural person or by a legal entity, the measuring
life for that second prize winner shall be twenty (20) years.
1704.03E If paid in a Lump Sum Cash Payment,
second prize amounts will be rounded to the nearest whole dollar.
1704.04 Except as provided in
these regulations, the third prize (Prize Level #3) will be paid as a five
thousand dollar ($5,000.00) set prize. If there are more than one thousand
(1,000) winners of this prize level in a single drawing, the total prize
liability of five million dollars ($5,000,000.00) ($5,000.00 x 1,000) will be
split equally among the winners. Under no circumstances, however, will the
value of the third prize fall below a minimum prize value of two hundred
dollars ($200.00) per winner, regardless of the number of winners. Third prizes
will be rounded to the nearest whole dollar and paid in a single cash payment.
1704.05
Entitlement to
Prizes by Winners. The holder of a winning game ticket shall be entitled
only to the prize won by matching the winning numbers in the highest matching
prize category.
