Code of Maine Rules › 18 - DEPARTMENT OF ADMINISTRATIVE AND FINANCIAL SERVICES › 553 - BUREAU OF ALCOHOLIC BEVERAGES AND LOTTERY OPERATIONS (BABLO) › Chapter 50 - LUCKY FOR LIFE GAME RULES › Part V - PRIZE LIABILITY LIMITS, PRIZE PAYOUTS AND PRIZE LEVELS

Current through 2024-29, July 17, 2024
The following paragraphs and chart define the prize liability
				  limits, prize payouts, prize levels and pool percentages and chances of winning
				  per prize level.
5.0
Prize
				Liability Limits
.
5.0.1 Except as
				provided in these rules, the Top Prize (Prize Level #1) shall be annuitized and
				based on a Top Prize liability that will be split equally among the number of
				winning Game Tickets. A Top Prize Winner may request the Cash Option, the
				amount of which is to be established by the New England Lotteries for a defined
				period of Drawings. Notice of the amount of and changes to the Cash Option
				shall be posted on the Game's website and/or published in each Party Lottery
				jurisdiction in a manner determined by that Party Lottery (hereinafter referred
				to as the "Published Notice") at least thirty (30) days prior to the first
				Drawing to which it is applicable. Under certain circumstances, as detailed
				below, the Top Prize is required to be paid in a single Lump Sum Cash Payment
				and no Annuitized Payment Option is available.
5.0.1.1
One (1) Top Prize Winner
.If there is one (1) Top Prize winner, the annuitized prize value will be seven
				thousand dollars ($7,000) per week for life. As an alternative to the
				Annuitized Payment Option, the Top Prize Winner may request the Top Prize Cash
				Option in the amount set forth in the Published Notice.
5.0.1.2
Two (2) to Fourteen (14) Top
				Prize Winners
. If there are between two (2) and fourteen (14) Top Prize
				Winners, the Annuitized Payment Option, based on an annuitized prize value of
				seven thousand dollars ($7,000.00) per week, will be divided by the total
				number of Top Prize winners. The minimum annuitized prize value for this
				category will be five hundred dollars ($500.00) a week for life. Any of these
				two (2) to fourteen (14) Top Prize Winners may choose the Cash Option as an
				alternative to the Annuitized Payment Option. The amount of the Cash Option for
				this category will be the amount of the Top Prize Cash Option set forth in the
				Published Notice divided by the total number of Top Prize Winners. The minimum
				Cash Option for this category will be the amount set forth in the Published
				Notice.
5.0.1.3
Fifteen (15)
				or more Top Prize Winners.
If there are fifteen (15) or more Top Prize
				Winners, the Top Prize liability shall be capped at seven million one hundred
				twenty-five thousand dollars ($7,125,000.00), shall be split equally among all
				Top Prize Winners, and paid in one (1) LumpSum Cash payment, without an
				Annuitized Payment Option. The minimum prize value for this category shall not
				be less than any lower tier prize paid in that respective Drawing.
5.0.1.4
Claiming the Top Prize.
The Winner(s) of the Top Prize who do not request the Cash Option shall be paid
				their appropriate TopPrize share on an annual or semi-annual basis for a
				minimum period of twenty (20) years. Upon receipt of the claim form and the
				ticket by the Maine Lottery, a five (5) working day processing period will be
				initiated. During the five (5) day processing period, the ticket holder(s) may
				add or substitute other persons as co-holders of a winning ticket. This request
				must be a written, notarized request from the original holder(s) to the Maine
				Lottery office. After the five (5) day processing period has been completed,
				the Maine Lottery will pay the TopPrize Winner. Subsequent TopPrize payments
				will be made annually or semi-annually thereafter as determined by the person
				claiming the TopPrize.
5.0.1.5
Measuring Life.
For a single Wager, the measuring life of a Top
				Prize Winner used to determine the duration over which the Top Prize is paid,
				shall be the natural life of the individual determined by the Selling Lottery
				to be a Top Prize winner. If the Top Prize under a single wager is being
				claimed by more than one (1) natural person or by a legal entity, the measuring
				life for a Top Prize winner shall be twenty (20) years.
5.0.1.6 If paid in a LumpSum Cash Payment,
				TopPrize amounts will be rounded to the nearest whole dollar.