|Posted: January 26, 2004, 8:30 am - IP Logged|
Whether or not the new version (starting 1/28) of FL Mega Money offers a cash option, by changing the jackpot from all-cash to annuitized, WITHOUT changing the name of the game, FL has created an "annuity trap." Some players (especially those who don't live in FL year-round) won't be aware of the new jackpot rule. This would not be a potential problem, except FL interprets the 60-day rule as the 60 days from the drawing, rather than the period immediately after claiming.
FL has a 180-day period for claiming prizes. Under the old rules, Mega Money winners always collected in lump sum. (Assuming there will be a cash OPTION) after the change, winners who wait more than 60 days from the DRAWING will be forced to receive annuity payments.