SECTION 429:20-1-13. Prize amounts for online games

(a)   The total amount of prize money allocated to the winnings pool for online games shall be a minimum of forty-five percent (45%) of the total gross Online Game sales.

(b)   The allocation of the Online Game winnings to the prize pool categories shall be provided in the Online Game Procedures.

(c)   All online game prizes shall be paid in a lump sum cash payment, except prizes of one-million dollars ($1,000,000) or more which may be paid as provided in (d) and (e) of this section.

(d)   First prize.

(1)   The amount allocated to the first prize prize pool in an online large-jackpot game may be used to purchase securities or an annuity for each winning ticket.

(2)   The first prize will be payable to winning ticket holders by an initial cash payment plus equal payments as established by OLC.

(3)   Any winning ticket owned by multiple owners shall be funded as outlined in Paragraph 1 and 2 of this section to the owners as declared on the claim form for claiming the online prize.

(4)   The first prize may be payable to winning ticket holder(s) in a lump sum cash payment equal to the cash value of the first prize prize pool. The decision to accept a lump sum payment must be unanimously agreed to by all owners of the winning ticket.

(e)   In the event that a prize of one-million dollars ($1,000,000) or more is owned by multiple owners and the resulting prize amount payable to each owner is less than one-million dollars ($1,000,000), each owner of the prize amount will be paid in a lump sum cash amount.

[Source: Added at 23 Ok Reg 188, eff 10-10-05 (emergency); Added at 23 Ok Reg 2791, eff 6-25-06]