Section 370-1700-1704 - PRIZE LIABILITY LIMITS1704.01 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. 1704.02AOne (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.1704.02BTwo (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.1704.02CFifteen (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.1704.02EMeasuring 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.1704.03 Except as provided in these regulations, the second prize (Prize Level #2) winner will be paid twenty-five thousand dollars ($25,000.00) a year for life. A second 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 second prize is required to be paid in a single lump sum cash payment and no annuitized payment option is available.1704.03AOne (1) to Twenty (20) Second Prize Winners. If there are between one (1) and twenty (20) second prize winner(s), the annuitized prize value will be twenty-five thousand dollars ($25,000.00) per year for life. Any of these one (1) to twenty (20) second prize winner(s) may choose the second prize cash option as an alternative to the annuitized payment option. The amount of the cash option for this category will be set forth in the published notice.1704.03BTwenty-one (21) or more Second Prize Winners. If there are twenty-one (21) or more second prize winners, the second prize liability shall be capped at nine million four hundred thousand dollars ($9,400,000.00), shall be split equally among all second prize winners, and shall be paid in a single 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.1704.03C The winner(s) of the second prize who do not request the cash option shall be paid their appropriate second prize share on an annual basis for a minimum period of twenty (20) years. The initial second prize payment will be made after the prize is claimed at the Division; subsequent second prize payments will be made annually thereafter.1704.03DMeasuring Life. For a single wager, the measuring life of a second prize winner used to determine the duration over which the second prize is paid, shall be the natural life of the individual determined by the Division to be the second prize winner. If the second 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 second prize winner shall be twenty (20) years.1704.03E If paid in a Lump Sum Cash Payment, second prize amounts will be rounded to the nearest whole dollar.1704.04 Except as provided in these regulations, the third prize (Prize Level #3) will be paid as a five thousand dollar ($5,000.00) set prize. If there are more than one thousand (1,000) winners of this prize level in a single drawing, the total prize liability of five million dollars ($5,000,000.00) ($5,000.00 x 1,000) will be split equally among the winners. Under no circumstances, however, will the value of the third prize fall below a minimum prize value of two hundred dollars ($200.00) per winner, regardless of the number of winners. Third prizes will be rounded to the nearest whole dollar and paid in a single cash payment. 1704.05Entitlement to Prizes by Winners. The holder of a winning game ticket shall be entitled only to the prize won by matching the winning numbers in the highest matching prize category.370 Neb. Admin. Code, ch. 1700, § 1704