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Deadline For Public Comment

Deadline: Jul 26, 2013

The deadline for public comment has expired. Contact the agency or primary contact person listed below for assistance.

Rule Details

Rule Number: 13P021
Title: Lucky for Life Rule Changes Effective 09/17/2013
Type: Standard
Status: Adopted
Agency: Vermont Lottery Commission.
Legal Authority: 31 V.S.A. ยง 654a(a)
Summary: The effects of these rule changes are as follows: 1. The first ball matrix is changed from five (5) out of forty (40) to five (5) out of forty-three (43) and the second ball matrix is changed from one (1) out of twenty-one (21) to one (1) out of forty-three (43). This changes the jackpot odds to 1 in 41.4 million. The current game has jackpot odds of 1 in 13.8 million. The overall odds of winning a cash prize will change to 1 in 8.6 (currently 1 in 6.6). 2. The Second Prize (Match 5+0) is changed from a single lump sum cash prize of $25,000 to an annuitized prize of $25,000 a year for life, paid for a minimum of twenty (20) years. 3. The Match 4+1 prize level is increased from $2,000 to $3,000. The Match 4+0 prize level is increased from $100 to $150. The Match 3+1 prize level is increased from $50 to $100 and the Match 2+1 prize level is increased from $15 to $20. All other prize levels remain the same. 4. A single lump sum cash option is offered to the Top Prize and Second Prize winner.
Persons Affected: The affected parties include Lottery players, licensed retailer agents, Vermont Lottery Commission (VLC), and the State of Vermont Education Fund.
Economic Impact: Categories of people, enterprises and government entities affected by the rule include: Players (cost game play @ $2/play) (benefit potential win) Agents or retailers (cost no cost, VLC provides all materials to use in marketing of game) (benefit 6 of sales, an increase to agents of approximately $33,000 per year, plus potential of 1 bonus for selling a winning ticket over $500, capped at $30,000) Vermont Lottery Commission (cost 2.9763 of sales to online vendor) (benefit expected net profit of $165,000 per year) State of Vermont Education Fund (cost no cost) (benefit increase in amount transferred to fund from VLC, expected at a net $165,000)
Posting date: Jun 19,2013

Hearing Information

Information for Hearing # 1
Hearing date:
07-19-2013 10:00 AM   
Location: Vermont Lottery Headquarter
Address: 1311 U.S. Route 302, Suite 100
City: Barre
State: VT
Zip: 05641
Hearing Notes:

Contact Information

Information for Contact # 1
Level: Primary    
Name: Mary Cassani    
Agency: Vermont Lottery Commission.    
Address: 1311 US RTE 302, Suite 100    
City: Barre    
State: VT    
Zip: 05641    
Telephone: 802-479-5686    
Fax: 802-479-4294    
Email: 
mary.cassani@state.vt.us
     
 
   
Website Address:  http://www.vtlottery.com
     
 
   
Information for Contact # 2
Level: Secondary    
Name: Greg Smith    
Agency: Vermont Lottery Commission.    
Address: 1311 US RTE 302, Suite 100    
City: Barre    
State: VT    
Zip: 05641    
Telephone: 802-479-5686    
Fax: 802-479-4294    
Email: 
gregory.smith@state.vt.us
     
 
   
       

Keyword Information

Keywords:

Lucky for Life
Lottery
Prizes
Jackpot
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