Or. Admin. R. 177-093-0040

Current through Register Vol. 63, No. 9, September 1, 2024

Section 177-093-0040 - Prizes

(1) The number and value of prizes for the DraftKings Sportsbook sports betting game is not predetermined by the Lottery. The overall prize percentage payout will vary over time due to the outcome of events offered and selections made by players.

(2) The Lottery shall digitally display the possible payout amount for any winning bet to the player on the bet slip before the bet is confirmed. The payout is based on the amount of the bet selected by the player and the odds associated with the bet.

(a) The Lottery calculates the payout using decimal odds even if the player has selected to display odds in an alternative format.

(b) The actual payout to a player may differ from the amount displayed to the player prior to bet confirmation in the case of ties, draws, or pushes. This occurrence depends on the specific terms of the bet, is at Lottery's discretion, and is provided for in the in-game rules.

(c) Some bets may, from time to time, display an option to settle a confirmed bet early for a portion of the original payout amount associated with the bet. This feature is known as "Cash Out" or "Bet Back" and is available only at the Lottery's sole discretion on some bets at some times. When a player chooses this option, the player will receive the payout offered rather than the payout originally displayed on the bet slip.

(3) A prize on a winning bet in the Lottery's digital sports betting game is subject to OAR 177-046-0110, which establishes the Lottery's general prize claim, validation, and payment framework and describes certain limitations and requirements that apply when a prize is claimed, validated, and paid digitally through a DraftKings Sportsbook player account. This includes, but is not limited to, subsections (1)(i) (requiring certain personal disclosures when applicable) and (1)(j) (requiring deductions from prize for taxes and debt offsets when required by law). Prizes on duplicative or identical bets are aggregated for tax and debt offset purposes. A player may withdraw a prize (or other moneys in the player account) as provided in OAR 177-046-0027 and the terms of use.

(4) A player forfeits a prize if, even after a bet is settled, the Lottery determines the bet was void, refunded, resettled, or otherwise invalid pursuant to these rules, the terms of use, the terms and conditions, or the in-game rules. In such case, the player is not entitled to the payout and the Lottery may recover previously paid payouts from the player account.

Or. Admin. R. 177-093-0040

LOTT 20-2021, temporary adopt filed 12/17/2021, effective 12/17/2021 through 6/14/2022; LOTT 6-2022, adopt filed 06/03/2022, effective 6/15/2022

Statutory/Other Authority: Or Const, Art XV, § 4(4)(a), ORS 461.120, 461.130, 461.150, 461.210, 461.220, 461.230, 461.240, 461.250, 461.260, 461.560, 461.715 & 461.719

Statutes/Other Implemented: Or Const, Art XV, § 4(4), ORS 461.200, Or Laws 2019, ch 355, §§ 42-45a, ORS 461.120, 461.130, 461.150, 461.210, 461.220, 461.230, 461.240, 461.250, 461.260, 461.560, 461.715 & 461.719