Double Play Prize Pool Sample Clauses

Double Play Prize Pool. The prize pool for all prize categories offered by the Party Lotteries shall consist of up to fifty-five percent (55%) of each drawing period's sales, inclusive of any specific statutorily-mandated tax of a Party Lottery to be included in the price of a lottery MM Play, and inclusive of contributions to the prize pool accounts and prize reserve accounts, but may be higher or lower based upon the number of winners at each prize level. DP RULE 2.2 - Double Play Prize Pool Accounts and Prize Reserve Account. The Product Group shall set the contribution rates to the prize pool and prize reserve accounts established by this rule. (a) The following prize reserve accounts for the Double Play game are hereby established: (i) The Double Play Prize Reserve Account (DPPRA) which is used to: (1) Fund payment of First Prizes won in the Game if the FPP is not fully funded; (2) Guarantee the payment of valid, but unanticipated, First Prize claims that may result from a system error or other reason; and (3) to fund the Lower tier/ set prize deficiencies as defined and limited in DP RULE_3(c)(1)(a) below. (b) The following prize pool accounts for the Double Play game are hereby established: (i) The First Prize Pool (FPP), which is used to fund the First Prize. Any monies not used to pay a First Prize shall accumulate in this pool until such time as funds are needed to pay a First Prize; and (ii) The Double Play Set Prize Pool (DPSPP), which is used the fund the Double Play Set or Lower Tier Prizes. The DPSPP shall hold the temporary balances that may result from having fewer than expected winners in the Double Play Set Prize categories. The Source of the DPSPP is the Party Lottery’s weekly prize contributions less actual Double Play Set Prize liability. (c) The Product Group may establish a maximum balance amount for the DPPRA. The maximum balance amount is subject to review by the MUSL Board Finance and Audit Committee. The Finance and Audit Committee shall have two weeks to state objections, if any, to the approved maximum balance amount. Approved maximum balance amount shall become effective no sooner than two weeks after notice is given to the Finance and Audit Committee and no objection is stated or sooner if the Committee affirmatively approves the maximum balance amount. The Group may appeal the Committee’s objection to the full Board. (d) The contribution rate to the FPP from DP Plays shall be 3.3050% of sales. (e) An amount up to seven and three thousand, six hund...
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Related to Double Play Prize Pool

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