N.Y. Comp. Codes R. & Regs. tit. 9 § 5007.7
Current through Register Vol. 46, No. 42, October 16, 2024
Section 5007.7 - Prize structure(a) For the Mega Millions game the prize structure shall; be a matrix of 5/70 and 1/25 with an approximately 49.8 percent anticipated prize fund. | Match Field 1 | Match Field 2 | Odds 1 in | Prize | % of Sales | Level |
| 5 | 1 | 302,575,350 | Jackpot | 37.6% | 1 |
| 5 | 0 | 12,607,306 | $1,000,000 | 4.0% | 2 |
| 4 | 1 | 931,001 | $10,000 | 0.5% | 3 |
| 4 | 0 | 38,792 | $500 | 0.6% | 4 |
| 3 | 1 | 14,547 | $200 | 0.7% | 5 |
| 3 | 0 | 606 | $10 | 0.8% | 6 |
| 2 | 1 | 693 | $10 | 0.7% | 7 |
| 1 | 1 | 89 | $4 | 2.2% | 8 |
| 0 | 1 | 37 | $2 | 2.7% | 9 |
| Total | | 24.0 | | 49.8% | |
(b) Jackpot prize payments. For the Mega Millions game: (1) The prize money allocated from the winning pool for the jackpot prize, plus any money brought forward from a previous drawing plus any money added from the prize reserve fund or any other available source pursuant to a first prize amount announcement will be divided equally among all jackpot prize winners in all participating lottery states. Prior to each drawing, the annuitized Mega Millions jackpot prize amount will be advertised.(2) If in any Mega Millions drawing there are no Mega Millions panels that qualify for the jackpot prize category, the portion of the prize fund allocated to such jackpot prize category shall remain in the jackpot prize category and be added to the amount allocated for the jackpot prize category in the next consecutive Mega Millions drawing.(3) If there are multiple winners of the annuitized Mega Millions jackpot prize from among all participating state lotteries, and if the annuitized amount of prize being awarded to each winner equals or exceeds $1 million, then the winner(s) in New York will be paid in accordance with their selection of lump sum or annuity. If there are multiple winners of the annuitized Mega Millions jackpot prize from among all participating state lotteries, and if the annuitized amount of the prize being awarded to each winner is less than $1 million, then the winner(s) in New York will be paid in a lump sum amount.(4) Purchasers in New York must select either an annuity jack pot prize or lump sum jackpot prize. A jackpot prize shall be paid, at the election of a player made no later than 60 days after the player becomes entitled to the prize, with either an annuity or lump sum payment. If the payment election is not made by a player within 60 days after the player becomes entitled to the prize, then the prize shall be paid as an annuity prize. An election to take a lump sum payment may be made at the time of the prize claim or within 60 days after the player becomes entitled to the prize. An election made after the winner becomes entitled to the prize is final and cannot be revoked, withdrawn or otherwise changed without the approval of the commission. (i) Annuity option jackpot prizes shall be paid through a 30-year graduated annuity (five percent escalation per payment) in 30 consecutive annual installments. The initial payment shall be paid upon completion of internal validation procedures. The subsequent 29 payments shall be paid annually to coincide with the month of the Federal auction date at which the bonds were purchased to fund the annuity. All such payments shall be made within seven days of the anniversary of the annual auction date.(ii) Lump sum option jackpot prizes shall be paid in a single payment upon completion of internal validation procedures. The lump sum option amount offered shall be the amount determined by multiplying the annuitized prize amount by a discount value set by Mega Millions finance committee prior to each drawing (the lump sum equivalent jackpot prize), divided by the number of total jackpot prize winners for the Mega Millions game.(c) Second- through ninth-level prizes. (1) Mega Millions panels matching five of the five Mega Millions winning numbers drawn for Field 1, but not matching the Mega Millions winning number drawn for field 2 shall be entitled to receive a second prize of $1,000,000.(2) Mega Millions panels matching four of the five Mega Millions winning numbers drawn for field 1 and the Mega Millions winning number drawn for field 2 shall be entitled to receive a third prize of $10,000.(3) Mega Millions panels matching four of the five Mega Millions winning numbers drawn for field 1 but not matching the Mega Mil lions winning number drawn for field 2 shall be entitled to receive a fourth prize of $500.(4) Mega Millions panels matching three of the five Mega Millions winning numbers drawn for field 1 and the Mega Millions winning number drawn for field 2 shall be entitled to receive a fifth prize of $200.(5) Mega Millions panels matching three of the five Mega Millions winning numbers drawn for field 1 but not matching the Mega Mil lions winning number drawn for field 2 shall be entitled to receive a sixth prize of $10.(6) Mega Millions Panels matching two of the five Mega Millions winning numbers drawn for field 1 and the Mega Millions winning number drawn for field 2 shall be entitled to receive a seventh prize of $10.(7) Mega Millions panels matching one of the five Mega Millions winning numbers drawn for field 1 and the Mega Millions winning number drawn for field 2 shall be entitled to receive an eighth prize of $4.(8) Mega Millions panels matching no numbers of the five Mega Millions winning numbers drawn for field 1 but matching the Mega Millions winning number drawn for field 2 shall be entitled to receive a ninth prize of $2.(9) Each Mega Millions second through ninth prize shall be paid in one payment.(10) The commission, in consultation with other state lotteries selling Mega Millions tickets, may decide that it is necessary to pay a set prize as a pari-mutuel prize.(d) In a single drawing, a claimant may win in only one prize category per single Mega Millions panel in connection with Mega Millions winning numbers, and shall be entitled only to the highest prize.(e) For purpose of prize calculation with respect to any Mega Millions pari-mutuel prize, the calculation shall be rounded down so that prizes shall be paid in multiples of one dollar.(f) With respect to any Mega Millions annuitized jackpot prize, the prize amount shall be rounded down to the next highest affordable multiple of one million dollars, based upon market rates at the time of the purchase.(g) The number of prize categories and the allocation of the prize fund among the prize categories may be changed at the discretion of the commission from time to time for promotional purposes. Such change shall be announced by public notice.(h) A subscription sales program may be offered, at the discretion of the commission.N.Y. Comp. Codes R. & Regs. Tit. 9 § 5007.7
Amended New York State Register October 11, 2017/Volume XXXIX, Issue 41, eff. 10/28/2017