Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 370 - Nebraska Lottery Regulations › Chapter 1700 - LUCKY FOR LIFE › Section 370-1700-1704 - PRIZE LIABILITY LIMITS

Current through June 17, 2024
1704.01 There are
				10 prize levels in the Game.
1704.02 Except as provided in these
				regulations, 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. 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.
1704.02A
One (1) Top Prize
				Winner.
If there is one (1) top prize winner, the annuitized prize value
				will be seven thousand dollars ($7,000.00) 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.
1704.02B
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.
1704.02C
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 shall paid in one (1) lump sum 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.
1704.02D The winner(s) of the top prize who
				do not request the cash option shall be paid their appropriate top prize share
				on a weekly basis, or according to such other schedule of payments set at the
				discretion of the Division, as permitted in REG-1705, for a minimum period of
				twenty (20) years. The first top prize payment will be made after the prize is
				claimed at the Division.
1704.02E
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 Division to be
				the 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
				that top prize winner shall be twenty (20) years.
1704.02F If paid in a lump sum cash payment,
				top prize amounts will be rounded to the nearest whole dollar.