State Liability Limits. For Daily Games. Below is Georgia'sPrev TopicNext Topic

• Ilovecash3

  United States
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  December 20, 2013
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  Mar 11, 2014, 8:30 pm

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  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.
• grwurston

  

  100

  Same #'s. Different games.

  United States
  Member #90,247
  April 24, 2010
  13,811 Posts
  Online
  Mar 11, 2014, 11:54 pm

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  In response to Ilovecash3

  Quote: Originally posted by Ilovecash3 on Mar 11, 2014

  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.

  
• LottoBux

  

  25

  Ontario
  Canada
  Member #109,238
  April 9, 2011
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  Mar 12, 2014, 12:44 am

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  In response to grwurston

  Quote: Originally posted by grwurston on Mar 11, 2014

  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.