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Deadline For Public Comment

Deadline: Aug 26, 2013

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

Rule Details

Rule Number: 13P024
Title: Mega Millions Rule Changes effective 10/19/2013
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 fifty-six (56) to five (5) out of seventy-five (75) and the second ball matrix is changed from one (1) out of forty-six (46) to one (1) out of fifteen (15). This changes the jackpot odds to 1 in 258.9 million. The current game has jackpot odds of 1 in 175.7 million. The overall odds of winning a cash prize will change to 1 in 14.7 (currently 1 in 39.9). 2. The Grand Prize (Match 5+1) is changed from a twenty-six (26) year annual annuity payment to a thirty (30) year graduated annual annuity payment, with payments increasing 5 per year. 3. The Match 5+0 prize level is increased from $250,000 to 1,000,000. The Math 4+1 prize level is decreased from $10,000 to $5,000. The Match 4+0 prize level is increased from $150 to $500. The Match 3+1 prize level is decreased from $150 to $50. The Match 3+0 prize level is decreased from $7 to $5. The other prize levels are also decreased.
Persons Affected: The affected parties include Lottery Players, licensed retailer agents, Vermont Lottery Commission, and The State of Vermont Education Fund.
Economic Impact: The economic impact is that the Vermont Lottery Commission would contribute more money each year to the Vermont Education Fund. An increase in prize pool contributions results directly in increased overall jackpots and therefore increased sales for Mega Millions.
Posting date: Jul 17,2013

Hearing Information

Information for Hearing # 1
Hearing date:
08-19-2013 10:00 AM   
Location: Vermont Lottery Headquarters
Address: 1311 US RTE 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: 
mcassani@vtlottery.com
     
 
   
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:

Lottery
Mega Millions
Prizes
Jackpot
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