Section 1618. Special drawings  


Latest version.
  • a. General. The division may hold special
      prize drawings each of which shall guarantee as a  first  prize  to  the
      winner  or  winners  an  amount  of not less than fifty million dollars,
      including interest, such prize to be paid in a manner which the director
      shall determine.
        b. Reports. The division shall produce and issue  a  report,  in  such
      format  as  the  director may prescribe, no more than sixty days after a
      prize drawing is held pursuant to subdivision a of  this  section.  Such
      report  shall  include at a minimum the following information pertaining
      to such drawing: (1) sales revenue and prize  distributions  to  include
      amounts  available for future special drawings, (2) administrative costs
      paid  or  otherwise  payable  or  distributed  to  agents,  vendors  and
      contractors,  (3)  an  analysis  of  the  effect  on sales of other game
      drawings held during the period of time that tickets for a special prize
      drawing were available to the public. A copy  of  such  report  will  be
      provided  to  the  director  of  the  budget, the chairman of the senate
      finance committee and the  chairman  of  the  assembly  ways  and  means
      committee.