Current through September 17, 2024
Section 370-1700-1706 - PRIZE LEVELS1706.01Top Prize and Second Prize Payments. Except in the case of a cash option payment or a lump sum cash payment paid in accordance with these regulations, annuitized prize payments shall be made for the measuring life of the top prize or second prize winner. All annuitized payments shall be made for a minimum of twenty (20) years. The measuring life as defined in REG-1704.02E and 1704.03D shall be determined at the time the top prize or second prize is claimed. In the event annuitized prize payments are assigned by a court order, the measuring life at the time the top prize or second prize was claimed shall not change and limit or extend the number of annuitized payments due any assignee, court-ordered or otherwise.1706.02Death of Top Prize or Second Prize Winner. In the event of the death of a top prize or second prize winner during the annuity payment period, the Division, with the approval of the New England Lotteries, upon petition of the estate of that winner (the "Estate"?) to the Division, and subject to Nebraska law, may accelerate the payment of all the remaining lottery proceeds to the Estate, subject to the following; 1706.02A If the annuitant dies during the annuity payment period but before the guaranteed prize amount has been paid, the Estate shall receive the remaining payments equal to the minimum guaranteed prize amount.1706.02B If the annuitant dies during the annuity payment period but after the minimum guaranteed prize amount has been paid, all payments shall stop.1706.03Low-Tier Set Prize Payments. All low tier set prizes (all prizes except the top prize and second prize) shall be paid in one (1) single cash payment through the Selling Lottery that sold the winning game ticket(s). Prizes shall be rounded to the nearest whole dollar. A Selling Lottery may begin paying low-tier cash prizes after receiving authorization to pay from the Clearinghouse Lottery.370 Neb. Admin. Code, ch. 1700, § 1706