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Can you summarize MTAR 2.63, Subchapter 12?
MONTANA STATE LOTTERY COMMISSION > Prizes
Short Summary
This section of the Administrative Rules of Montana, under the Montana State Lottery Commission, governs the redemption and payment of prizes for winning lottery and sports wager tickets. It specifies the procedures for redeeming tickets based on their value, acceptable forms of identification, and the requirement to sign the back of winning tickets. The document also outlines the circumstances under which a claim for a winning ticket may be denied, such as if the ticket was not legally issued, stolen, or altered. It further states that upon payment of the prize, the lottery is discharged of all further liability. The section also covers the payment of prizes, including the issuance of checks, electronic transfers, or warrants, and the withholding of state or federal income tax. Additionally, it provides information on the validation and payment of prizes, the option for installment payments for prizes over $100,000, and the payment of prizes in the event of the winner’s death. Finally, it requires owners or employees of licensed lottery sales agents to identify themselves when claiming a prize. Overall, this section establishes the rules and procedures for the redemption and payment of prizes in the Montana State Lottery.
Whom does it apply to?
Winners of lottery and sports wager tickets, owners or employees of licensed lottery sales agents
What does it govern?
Redemption and payment of prizes for winning lottery and sports wager tickets
What are exemptions?
None mentioned
What are the Penalties?
None mentioned
Jurisdiction
Montana