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State Liability Limits. For Daily Games. Below is Georgia's

Topic closed. 2 replies. Last post 3 years ago by LottoBux.

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United States
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December 20, 2013
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Posted: March 11, 2014, 8:30 pm - IP Logged

Q.Why did the Georgia Lottery Corporation set a liability limit in CASH 3 & CASH 4?

A.The GLC has an obligation to raise as many dollars for educational programs in Georgia as we can while also ensuring that we have funds available to pay winners. To accomplish this, we must be able to limit our potential payout to an amount that we expect to reasonably pay based on the sales we generate for this game. The liability limit for CASH 3 is $18 million and for CASH 4 is $8 million.

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    bel air maryland
    United States
    Member #90251
    April 24, 2010
    4874 Posts
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    Posted: March 11, 2014, 11:54 pm - IP Logged

    Q.Why did the Georgia Lottery Corporation set a liability limit in CASH 3 & CASH 4?

    A.The GLC has an obligation to raise as many dollars for educational programs in Georgia as we can while also ensuring that we have funds available to pay winners. To accomplish this, we must be able to limit our potential payout to an amount that we expect to reasonably pay based on the sales we generate for this game. The liability limit for CASH 3 is $18 million and for CASH 4 is $8 million.

    Is the cash limit per day, week, month, year? That second sentence, very revealing.

    "You can observe a lot just by watching." Yogi Berra, Hall of Fame baseball player.

    The numbers will tell you what numbers to play. Pay attention to the numbers.

    Don't just think outside the box, crush it.

      LottoBux's avatar - 2elh5if
      Ontario
      Canada
      Member #109243
      April 9, 2011
      31437 Posts
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      Posted: March 12, 2014, 12:44 am - IP Logged

      Is the cash limit per day, week, month, year? That second sentence, very revealing.

      Probably Per Draw..

      Ontario's Pick 4 Limit Is 2 Million Per Draw

      The Pick 3 Payouts Are Pari-Mutuel.

      From The OLG Website

      OLG limits the total amount payable for prizes per draw to $2 million. Should the aggregate of the prizes available to be won by all winning tickets for the draw exceed $2 million, then the prize amounts are reduced and are determined in proportion to the amount that would, except for this provision, otherwise have been won on the draw.

      The $2 million total prize payout limit can be reached when wagering limits for the winning 4-digit PICK-4 number and all of the possible Box Play combinations of that number have been reached for that draw.

      OLG will suspend Straight Play and Box Play PICK-4 wagering for any 4-digit number that has exceeded a total potential prize liability of $1 million for any given draw.  Wagering will continue to be available for all other Box Play combinations of the suspended number, provided said numbers have not individually exceeded the $1 million total liability limit for Box Play and Straight Play.