S.D. Admin. R. 48:03:07:08

Current through Register Vol. 51, page 67, December 16, 2024

Section 48:03:07:08 - Prize pool carry-over - Sources of funding for set prizes

The prize pool percentage allocated to the set prizes of $100 or less shall be carried over to subsequent draws if all or a portion of the prize pool is not needed to pay the set prizes awarded in the current draw. If the total of the set prizes awarded in a drawing exceeds the percentage of the prize pool allocated to the set prizes, the amount needed to fund the set prizes awarded shall be drawn from the following sources in the following order:

(1) The amount allocated to set prizes and carried over from previous draws, if any;

(2) The prize reserve fund, if available; and

(3) The lottery operating fund if, after the first two sources are depleted, there are not sufficient funds to pay the set prizes awarded.

The calculation of a prize shall be rounded down so that prizes can be paid in multiples of whole dollars. All breakage shall be carried over to the prize pool for the next drawing.

S.D. Admin. R. 48:03:07:08

19 SDR 148, effective 4/4/1993.

General Authority: SDCL 42-7A-9, 42-7A-23.

Law Implemented: SDCL 42-7A-8(7), 42-7A-21(3).