30 DCMR 916

916. DISTRICT DOLLARS RAFFLE GAME PRIZE POOL, PRIZE STRUCTURE AND PROBABILITY OF WINNING

Last amended: 2009Length: 202 wordsOfficial source

Cite as D.C. Mun. Regs. tit. 30, ยง 916

916 DISTRICT DOLLARS RAFFLE GAME PRIZE POOL, PRIZE STRUCTURE AND PROBABILITY OF WINNING 916.1 The District Dollars Raffle Game will offer a total of sixteen (16) prizes. 916.2 The prize pool for all prize categories shall consist of fifty percent (50%) of each drawing period sales based on a sale of 40,000 tickets. 916.3 The District Dollars Raffle Game is a weekly raffle game with fixed payout for the prizes which pays prizes based on a sale of 40,000 tickets at ($1.00) one dollars each are as follows: Number of Winners Per 40,000 Tickets Win 1 $10,000 5 $1,000 10 $500 916.4 The following table sets forth the probability of winning and the probable distribution of winners in and among each prize category, based upon selling all 40,000 weekly raffle tickets. Set Prize Amount Number of Prizes Overall Odds Amount Paid Percentage Of Sales Percentage Of Payout $10,000 1 1:40,0000 $10,000 25% 25% $1,000 5 1:8,0000 $5,000 10% 12.5% $500 10 1:4,000 $5,000 15% 12.5% Total 16 1:2,500 $20,000 50% 50% SOURCE: Final Rulemaking published at 46 DCR 3080 (April 2, 1999) and 54 DCR 6442 (June 29, 2007); as amended by Final Rulemaking published at 56 DCR 8846 (November 13, 2009).
30 DCMR 916: 916. DISTRICT DOLLARS RAFFLE GAME PRIZE POOL, PRIZE STRUCTURE AND PROBABILITY OF WINNING | Justis AI