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Can you summarize ORAR 177-093-0040?
DRAFTKINGS SPORTSBOOK > Prizes
Short Summary
This document governs the number and value of prizes for the DraftKings Sportsbook sports betting game. The Lottery does not predetermine the number and value of prizes, as it varies based on the outcome of events and player selections. The possible payout amount for any winning bet is digitally displayed to the player on the bet slip before confirmation, based on the selected bet amount and associated odds. The actual payout may differ in the case of ties, draws, or pushes, depending on the specific terms of the bet. The document also mentions the option for players to settle a confirmed bet early for a portion of the original payout amount, known as ‘Cash Out’ or ‘Bet Back,’ at the Lottery’s discretion. Prizes on winning bets are subject to the Lottery’s general prize claim, validation, and payment framework, including personal disclosures, deductions for taxes and debt offsets, and aggregation of prizes on duplicative or identical bets. Players can withdraw prizes and other funds from their player account as provided in the terms of use. A player forfeits a prize if the bet is determined to be void, refunded, resettled, or otherwise invalid, and the Lottery may recover previously paid payouts from the player account.
Whom does it apply to?
Players of the DraftKings Sportsbook sports betting game
What does it govern?
DraftKings Sportsbook sports betting game prizes
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Oregon