Or. Admin. Code § 177-094-0085

Current through Register Vol. 63, No. 10, October 1, 2024

Section 177-094-0085 - Retailer Selling Bonus

(1)General: For the purposes of OAR 177-040-0025(2)(a), a retailer who sells any winning and validated Win for Life^SM top prize of $1,000 per week for life shall receive a bonus of $13,000 which is based on one percent (1%) of an estimated prize value of $52,000 per year paid over a period of 25 years ($52,000 x 25 = $1,300,000 x .01 = $13,000).

(2)Multiple Top Prize Winning Tickets: Notwithstanding section (1) of this rule, if the Win for Life^SM top prize of $1,000 per week for life is reduced in accordance with OAR 177-094-0080(7)(g), the selling retailer shall receive a bonus based on one percent of the actual prize amount paid over a period of 25 years. For example, if the prize value paid is $31,200 per year, the bonus shall be $31,200 x 25 = $780,000 x .01 = $7,800.

LOTT 11-2000, f. & cert. ef. 12-1-00; LOTT 18-2002(Temp), f. 9-6-02, cert. ef. 9-9-02 thru 3-6-03; LOTT 29-2002, f. & cert. ef. 11-25-02; LOTT 4-2012(Temp), f. & cert. ef. 6-29-12 thru 12-21-12; LOTT 8-2012, f. 11-30-12, cert. ef. 12-16-12

Stat. Auth.: OR Const. Art. XV, Sec. 4(4) & ORS 461

Stats. Implemented: ORS 461