![]() ![]() Jackpot winners who want to elect to receive a single cash payment must claim their prizes within the first 60 days after the draw date. The cash option is a one-time, lump-sum payment that jackpot winners may choose to receive instead of receiving their winnings in 30 annual payments for both MEGA MILLIONS® and POWERBALL® games. See FLORIDA LOTTO and JACKPOT TRIPLE PLAY game rules for complete details. treasury strips which will guarantee equal payments to the winner over a period of 30 years or 25 years, again depending on the game. For FLORIDA LOTTO, and JACKPOT TRIPLE PLAY annual payment options, the Florida Lottery will purchase U.S. The cash option amount is not based on a set percentage, but rather is the amount required on the day of the drawing to purchase securities to fund the announced guaranteed deferred payment value of the jackpot prize paid over 30 years or 25 years, depending on the game. Applicable federal income tax withholding will be deducted at the time payments are made for cash option and annual payments alike. Jackpot winners who want to receive a single cash payment must claim their prize within the first 60 days after the draw date. The cash option is a one-time, lump-sum payment that jackpot winners may choose to receive instead of receiving their winnings in 30 annual payments for FLORIDA LOTTO®, and 25 annual payments for JACKPOT TRIPLE PLAY™. Damaged or disputed tickets, or tickets belonging to winners with state-owed debt may take longer to process. Tickets mailed to the Florida Lottery Headquarters will take approximately 30 days for the claims process. The earliest you may receive your CASH4LIFE top prize is on the 15th day after the winning draw date. LIkewise, CASH4LIFE is also a multi-state game, so the participating states have two weeks to receive ACH transfers of funds from all nine CASH4LIFE members. Therefore, POWERBALL and MEGA MILLIONS jackpot prizes are not available until 15 days after the draw date. If the prize amount is over $250,000, the prize payout, less taxes, will be ACH transferred to the winner's bank account within two business days in most instances.īecause POWERBALL and MEGA MILLIONS are multi-state games, the Multi-State Lottery Association (MUSL) must collect the revenue from each of the 45 jurisdictions that participate in the games before the jackpot prize can be paid. If the prize is less than $250,000, the player may receive the prize payment, less taxes when applicable, the same business day. Copyright © 2024 Speednet Group.Bigger prizes take longer to arrange, so the amount of the top prize will affect how long it takes to issue the prize payment. The use of automated software or technology to glean content or data from this or any page at Lottery Post for any reason is strictly prohibited. Distribution, re-publication, or use in other websites or apps in any manner, in full or in part, is strictly prohibited. These lottery results are for personal use only, and are intended solely for the individual web visitor displaying the content inside a web browser. Verify all results with your official government lottery. We correct errors as soon as they are found and/or reported to us. Note: Lottery Post maintains one of the most accurate and dependable lottery results databases available, but errors can occur and the lotteries occasionally report incorrect results. It was a momentous occasion for a Chicago area lottery player, who can finally say that his persistence paid off after he picked up his check for a $19.5 million Hoosier Lotto jackpot. Illinois man claims $19.5 million Hoosier Lotto jackpot after playing for 20 years The Hoosier Lottery announced yesterday that it will be adding Cash Pop to its portfolio of draw games. ![]() Hoosier Lottery to launch new Cash Pop game Two Powerball lottery prizes, one valued at $150,000 and the other at $50,000, are set to expire in Indiana. $150,000 and $50,000 Powerball lottery tickets from Indiana set to expire this week The July 2023 installment of Lottery Post's Weekly Roundup series features some of the most prominent lottery stories for the month. VIDEO: July's Weekly Roundup in lottery news Within the same meeting, the Hoosier Lottery Commission voted to approve a $50,000 prize claim to a winner whose ticket was ripped up and to deny a $500 prize to another scratch-off winner who posted their winning ticket online. Hoosier Lottery Commission votes to approve $50,000 prize claim to winner whose ticket was ripped up ![]()
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