N.Y. Comp. Codes R. & Regs. tit. 9 § 5008.13

Current through Register Vol. 46, No. 51, December 18, 2024

Section 5008.13 - Prize funds for variations of the Lotto game

(a) Up to 40 percent of gross ticket sales receipts for each variation of the Lotto game draw date may be paid into the commission prize account for allocation of prize winnings or as may be otherwise prescribed by the New York State Lottery for Education Law.

(b) The commission may allocate a percentage of gross sales for a particular game drawing to the prize pool for that particular game, and not less than such amount shall form the basis upon which the payment of prizes for the particular game shall be computed; provided, however, that a lesser amount may be allocated to the prize pool if there is an excess of prize funds beyond the amount needed to pay a fixed prize.

(c) The commission may allocate a percentage of gross sales receipts for any game drawing of a variation of the Lotto game to prize pools for any other game drawing dates of that particular variation of the Lotto game; provided, however, that a greater amount may be allocated to other prize pools of that particular variation of the Lotto game if there is an excess of prize funds beyond the amount needed to pay a fixed prize. The amount so allocated shall be referred to as the prize fund reserve for that particular variation of the Lotto game. This prize fund reserve may be used to fund promotions and maintain minimum prize levels, as determined by the commission.

(d) In the event of termination of any variation of the Lotto game for whatever reason, any prize monies remaining undistributed in the prize fund reserve for that particular variation of the Lotto game will be disbursed for the sole benefit of winners of other commission games at the discretion of the commission.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 5008.13