Nebraska Administrative Code › Topic - REVENUE, DEPARTMENT OF › Title 370 - Nebraska Lottery Regulations › Chapter 1600 - MEGA MILLIONS › Section 370-1600-1603 - PRIZE POOL

Current through June 17, 2024
1603.01 Prize Pool
The prize pool for all prize categories offered by the Party
				  Lotteries shall consist of up to fifty-five percent (55%) of each drawing
				  period's sales, or a different percentage when established by the Game Rules,
				  including any specific statutorily-mandated tax of a Party Lottery to be
				  included in the price of a lottery ticket, after the prize reserve accounts are
				  funded to the amounts set by the Product Group, but may be higher or lower
				  based upon the number of winners at each prize level, as well as the funding
				  required to meet a guaranteed Annuity Grand Prize as may be required by rule
				  30.1(a) of the
				  Game Rules. Any amount remaining in the prize pool or reserves and set aside
				  for the Party Lotteries at the end of this game shall be carried forward to a
				  replacement game or expended in a manner as directed by the Product Group in
				  accordance with jurisdiction law.
1603.02 Prize Reserve Accounts
An amount up to five percent (5%) of a Party Lottery's sales,
				  or a different percentage when established by the Game Rules, including any
				  specific statutorily-mandated tax of a Party Lottery to be included in the
				  price of a lottery ticket, shall be added to a Party Lottery's Grand Prize Pool
				  contribution and placed in trust in one or more prize reserve accounts held by
				  the Product Group at any time that the Party Lottery's share of the prize
				  reserve account(s) is below the amounts designated by the Product Group. The
				  Product Group, with approval of the Finance & Audit Committee, may
				  establish a maximum balance for the prize reserve account(s). The Product Group
				  may determine to expend all or a portion of the funds in the accounts for the
				  payment of prizes or special prizes in the game; subject to the approval of the
				  Finance and Audit Committee. The shares of a Party Lottery may be adjusted with
				  refunds to the Party Lottery from the prize reserve account(s) as may be needed
				  to maintain the approved maximum balance and shares of the Party Lotteries. Any
				  amount remaining in a prize reserve account at the end of this game shall be
				  carried forward to a replacement prize reserve account or expended in a manner
				  as directed by the Product Group in accordance with jurisdiction
				  law.
1603.03 Expected Prize
				Payout Percentages
The Grand Prize shall be determined on a pari-mutuel basis.
				  All other prizes awarded shall be paid as set cash prizes with expected prize
				  payout percentages as set out in the Game Rules.
1603.03A The Grand Prize amount shall be
				divided equally by the number of game boards winning the Grand Prize.
1603.03B Except for winning prizes sold by
				the California Lottery, the prize pool percentage allocated to the Set Prizes
				shall be carried forward to subsequent draws if all or a portion of it is not
				needed to pay the set prizes awarded in the current draw.