Are the prize payout rates mandated by the statute?
Yes, they are listed below: • A single prize awarded for one (1) winning ticket in a type II gambling game may not exceed five hundred and ninety-nine dollars. ($599) • The total prizes awarded for one (1) type II gambling game may not exceed five thousand dollars. ($5,000) • The selling price for one (1) ticket for a type II gambling game may not exceed one dollar. ($1.00) • A type II gambling game must pay out at least 75% and not more than 100% of the amount wagered unless sold for less than one dollar ($1.00). If a gambling game is sold for less than $1.00, the following payout rule apply: Purchase PriceMinimum Payout % $0.1060% $0.2565% Three for $1.0065% $0.5070% • A type II gambling game’s payout must be stated on the ticket or on the accompanying flare.
