N.Y. Comp. Codes R. & Regs. tit. 9 § 5002.8

Current through Register Vol. 46, No. 50, December 11, 2024

Section 5002.8 - Payment of prizes to persons under 18 years of age

(a) If the person entitled to a prize on any winning ticket is under the age of 18 years and such prize is less than $5,000, the commission may make payment by delivering to an adult member of the minor's family, or to the minor's guardian, a check or draft for the prize amount payable to the order of such minor.

(b) If the person entitled to a prize is under 18 years and the prize is $5,000 or more, the commission will make payment to such minor by depositing the amount of the prize in any bank to the credit of any adult member of the minor's family or guardian of the minor as custodian for such minor. The person so named as custodian shall have the same duties and powers as a person designated as a custodian in a manner prescribed by part 4 of article 7 of the Estates, Powers and Trusts Law.

(c) In either event, the commission shall be discharged of all further liability upon payment of prizes to a minor in accordance with this section. The division may withhold prize payment until satisfactory evidence, including, but not limited to, notarized statements, or other evidence of family relationship, guardianship, custodianship, or other matter deemed appropriate, is established on behalf of the minor.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 5002.8