18- 553 C.M.R. ch. 20, § III-16.0

Current through 2024-51, December 18, 2024
Section 553-20-III-16.0 - Limitations on Payment of Power Play Prizes
16.1Prize Pool Carried Forward. For Party Lotteries, the prize pool percentage allocated to the Power Play set prizes shall be carried forward to subsequent draws if all or a portion of it is not needed to pay the set prizes awarded in the current draw.
16.2Pari-Mutuel Prizes - All Prize Amounts. Except as provided for in Section 16.2.2 of these rules, for Party Lotteries:
16.2.1 If the total of the original Powerball set prizes and the Power Play prizes awarded in a drawing exceeds the percentage of the prize pools allocated to the set prizes, then the amount needed to fund the set prizes (including the Power Play prize amounts) awarded shall be drawn from the following sources, in the following order:
(i) the amount available in the SPP and the PPP, if any;
(ii) an amount from the Powerball SPRA, if available in the account, not to exceed forty million dollars ($40,000,000.00) per Drawing; and
(iii) other amounts as agreed to by the Product Group in their sole discretion.
16.2.2 If, after these sources are depleted, there are not sufficient funds to pay the set prizes awarded (including Power Play prize amounts), then the highest set prize (including the Power Play prize amounts) shall become a pari-mutuel prize. If the amount of the highest set prize, when paid on a pari-mutuel basis, drops to or below the next highest set prize and there are still not sufficient funds to pay the remaining set prizes awarded, then the next highest set prize, including the Power Play prize amount, shall become a pari-mutuel prize. This procedure shall continue down through all set prizes levels, if necessary, until all set prize levels become pari-mutuel prize levels. In that instance, the money available from the funding sources listed in this rule shall be divided among the winning Plays in proportion to their respective prize percentages. Powerball and Power Play prizes will be reduced by the same percentage.
16.3Licensee Lotteries. Licensee Lotteries shall adhere to Section 16.2 of these rules unless a different process is approved by the Product Group.
16.4 By agreement with the Licensee Lotteries, the Licensee Lotteries shall independently calculate their set pari-mutuel prize amounts, including the Power Play prize amounts. The Party Lotteries and the Licensee Lotteries shall then agree to set the pari-mutuel prize amounts for all lotteries selling the Powerball game at the lesser of the independently-calculated prize amounts.

18- 553 C.M.R. ch. 20, § III-16.0