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PA Bulletin, Doc. No. 20-557

NOTICES

DEPARTMENT OF REVENUE

Powerball

[50 Pa.B. 2161]
[Saturday, April 18, 2020]

 In accordance with 61 Pa. Code § 871.21 (relating to future changes to Powerball), the Secretary of Revenue (Secretary) announces the following changes to the Powerball regulations. This amendment provides updates to the game description and certain definitions. This amendment provides changes to funding of guaranteed Powerball prizes.

 The Secretary, having determined it is impractical and contrary to the public interest to defer notice to the public of changes to the Powerball Game, has given actual knowledge of the document to the persons to whom the document is primarily directed in accordance with 1 Pa. Code § 13.74 (relating to effectiveness prior to publication) by press release dated April 2, 2020, of the following changes to the Powerball regulations.

 These changes will affect ticket sales beginning on Thursday, April 9, 2020, for the Powerball drawing on Saturday, April 11, 2020. The changes to the regulation will be codified as paragraph (9) in 61 Pa. Code § 871.22 (relating to changes to Powerball):

 (9) Changes effective for Powerball tickets sold on or after April 9, 2020:

 (i) Section 871.10 (relating to funding of guaranteed prizes). The MUSL Powerball Product Group may offer guaranteed minimum grand prize amounts or minimum increases in the grand prize amount between drawings or make other changes in the allocation of prize money where the MUSL Powerball Product Group finds that it would be in the best interest of the game. If a minimum grand prize amount or a minimum increase in the grand prize amount between drawings is offered by the Product Group, the grand prize shares shall be determined as follows:

 (1) If there are multiple grand prize winners during a single drawing, each selecting the annuitized option prize, then a winner's share of the guaranteed annuitized grand prize shall be determined by dividing the guaranteed annuitized grand prize by the number of winners.

 (2) If there are multiple grand prize winners during a single drawing and at least one of the grand prize winners has elected the annuitized option prize, the best bid submitted by the MUSL's preapproved qualified brokers shall determine the cash pool needed to fund the guaranteed annuitized grand prize.

 (3) If no winner of the grand prize during a single drawing has elected the annuitized grand prize, the amount of cash in the grand prize pool shall be an amount equal to the guaranteed annuitized amount divided by the MUSL Annuity Factor.

 (4) Section 871.10(4) is deleted in its entirety.

 (5) Changes in the allocation of prize money shall be designed to retain approximately the same prize allocation percentages, over a year's time, as set forth in § 871.8 (relating to expected prize payout percentages). Minimum guaranteed prizes or increases may be waived if the alternate funding mechanism as set forth in § 871.8 becomes necessary.

 (6) Approval of the Group is required to change the guaranteed minimum Grand Prize amounts or minimum increases in the Grand Prize amount. The Group may increase, decrease or eliminate the guaranteed minimum Grand Prize amount or any announced minimum Grand Prize increases effective at any time following the next drawing following the action taken by the Group.

C. DANIEL HASSELL, 
Secretary

[Pa.B. Doc. No. 20-557. Filed for public inspection April 17, 2020, 9:00 a.m.]


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