Mo. Code Regs. tit. 12 § 40-85.050
Current through Register Vol. 49, No. 9, May 1, 2024
Section 12 CSR 40-85.050 - Prize Amounts for Parimutuel Draw GamesPURPOSE: This amendment conforms this rule to a proposed rescission by moving provisions currently in another rule to this rule, combining different requirements relating to prize amounts into fewer rules.
(1) The total amount of prize money allocated to the winnings pool for draw games shall be a minimum of forty-five percent (45%) of the total gross draw games sales. (2) The allocation of the draw games winnings to the prize categories shall be announced by the director at least one (1) week prior to the effective date of this rule and one (1) week prior to any future changes in the allocation.(3) The prize money allocated to each of the winning prize categories will be divided equally by the number of plays determined to be winning plays for that prize. The director may establish a maximum or minimum prize allocation to each of the winning categories.(4) Game liability limits-(A) When the potential aggregate prize liability, resulting from all wagers containing a particular combination of numbers, reaches or first exceeds a prize payout level as determined by the director in a single drawing, no further wagers of that number combination shall be accepted by the lottery gaming system for that drawing.(B) Notwithstanding subsection (A) of this section, the director may, when conditions so warrant as determined in the director's sole discretion, establish a prize liability threshold that is higher than the published level for a single drawing.(5) In a draw game, if no winning ticket qualifies for a prize category, the amount allocated for the prize shall be carried over and added to the prize pool of the next drawing for that particular game or will be allocated to other prize levels according to the rules of that game.(6) The amount allocated to the first prize may be used to purchase securities or an annuity for each winning play. The first prize will be payable to winning tickets by an initial cash payment plus payments as established by the director. Any winning ticket owned in shares by multiple owners shall be funded as outlined above to the owners as declared on the claim form for claiming the draw games prizes. As established by the director, the first prize may be payable to winning ticket holder(s) in a lump sum cash payment equal to the cash value of the first prize annuity or a percentage of the first prize. AUTHORITY: sections 313.220, RSMo Supp. 1999 and 313.230, RSMo 1994.* Original rule filed July 15, 1986, effective July 25, 1986. Amended: Filed May 14, 1987, effective Aug. 13, 1987. Amended: Filed Aug. 4, 1988, effective Oct. 27, 1988. Amended: Filed Sept. 15, 1997, effective March 30, 1998. Amended: Filed May 25, 2000, effective Nov. 30, 2000. Amended by Missouri Register January 15, 2015/Volume 40, Number 02, effective 2/28/2015Amended by Missouri Register May 15, 2018/Volume 43, Number 10, effective 7/2/2018*Original authority: 313.220, RSMo 1985, amended 1988, 1993, 1995; and 313.230, RSMo 1985, amended 1988, 1990, 1993.