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Florida(FL) Daily Derby Prize Analysis for Wed Dec 07, 2022
Updated: Thursday, December 8th, 2022 07:06 PM The estimated jackpot for Daily Derby on Wed Dec 07, 2022 is $0.06 million. The cash option is $0 million. The Daily Derby prize analysis tells you how much you would get after state, local and federal tax withholdings. As legally required by the state of Florida, taxes are withheld on lottery winnings of $600.00 or more. For prizes over $5,000.00, US citizens and resident aliens with a social security number are subject to a 25% deduction to their prizes, which represents federal taxes. Luckily, lottery prizes are exempt from Florida state and local personal income taxes. For more information on taxes for lottery winnings in the state of Florida, click here.
- For the Cash Option in the amount of $0 million, the federal tax that must be withheld is $0.00. There is no state tax for lottery prizes. After all the taxes are paid, the winner gets a net lump-sum payment of $0.00.
- For the Annuity option in the amount of $0.06 million, the winner gets paid in 30 annual payments in the average amount of $2,000.00 per year. The average federal tax liability is $500.00 per year. There is no state tax liability for lottery prizes. The average net lump-sum payment after tax withholding is going to be $1,500.00 per year. Please Note: Powerball annuity payments are NOT allocated evenly by years. The payments increase annually in a 30 year period. Please see below for the detailed payment schedule.
For detailed information on Powerball Lottery Winning Taxes and Prizes Analysis, see the data listed below.
| Florida(FL) Daily Derby Prize Analysis for Wed Dec 07, 2022 |
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Wed Dec 07, 2022
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Jackpot: $0.06 Million
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Cash: $0 Million
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| Cash Option - $0 Million |
| Gross Cash Payment | 25% Federal Withholding | 0% State Withholding | Lump-Sum Net Payment | | $0.00 | -$0.00 | -$0.00 | $0.00 |
| Annuity - $0.06 Million in 30 Annual Payments |
| Yr |
Annual Gross Payment |
25% Federal Withholding |
0% State Withholding |
Annual Net Payment |
| 1 | $1,069.81 | -$267.45 | -$0.00 | $802.35 | | 2 | $1,112.60 | -$278.15 | -$0.00 | $834.45 | | 3 | $1,157.10 | -$289.28 | -$0.00 | $867.83 | | 4 | $1,203.39 | -$300.85 | -$0.00 | $902.54 | | 5 | $1,251.52 | -$312.88 | -$0.00 | $938.64 | | 6 | $1,301.58 | -$325.40 | -$0.00 | $976.19 | | 7 | $1,353.65 | -$338.41 | -$0.00 | $1,015.23 | | 8 | $1,407.79 | -$351.95 | -$0.00 | $1,055.84 | | 9 | $1,464.10 | -$366.03 | -$0.00 | $1,098.08 | | 10 | $1,522.67 | -$380.67 | -$0.00 | $1,142.00 | | 11 | $1,583.57 | -$395.89 | -$0.00 | $1,187.68 | | 12 | $1,646.92 | -$411.73 | -$0.00 | $1,235.19 | | 13 | $1,712.79 | -$428.20 | -$0.00 | $1,284.60 | | 14 | $1,781.31 | -$445.33 | -$0.00 | $1,335.98 | | 15 | $1,852.56 | -$463.14 | -$0.00 | $1,389.42 | | 16 | $1,926.66 | -$481.67 | -$0.00 | $1,445.00 | | 17 | $2,003.73 | -$500.93 | -$0.00 | $1,502.79 | | 18 | $2,083.88 | -$520.97 | -$0.00 | $1,562.91 | | 19 | $2,167.23 | -$541.81 | -$0.00 | $1,625.42 | | 20 | $2,253.92 | -$563.48 | -$0.00 | $1,690.44 | | 21 | $2,344.08 | -$586.02 | -$0.00 | $1,758.06 | | 22 | $2,437.84 | -$609.46 | -$0.00 | $1,828.38 | | 23 | $2,535.35 | -$633.84 | -$0.00 | $1,901.51 | | 24 | $2,636.77 | -$659.19 | -$0.00 | $1,977.58 | | 25 | $2,742.24 | -$685.56 | -$0.00 | $2,056.68 | | 26 | $2,851.93 | -$712.98 | -$0.00 | $2,138.95 | | 27 | $2,966.00 | -$741.50 | -$0.00 | $2,224.50 | | 28 | $3,084.64 | -$771.16 | -$0.00 | $2,313.48 | | 29 | $3,208.03 | -$802.01 | -$0.00 | $2,406.02 | | 30 | $3,336.35 | -$834.09 | -$0.00 | $2,502.26 |
| Other Prizes With More Than $5,000.00 |
| 5 White Ball | 25% Federal Withholding | 0% State Withholding | Net Payment | | $1,000,000.00 | -$250,000.00 | -$0.00 | $750,000.00 | 5 White Ball
with PowerPlay | 25% Federal Withholding | 0% State Withholding | Net Payment | | $2,000,000.00 | -$500,000.00 | -$0.00 | $1,500,000.00 | 4 White Ball
Powerball | 25% Federal Withholding | 0% State Withholding | Net Payment | | $10,000.00 | -$2,500.00 | -$0.00 | $7,500.00 | 4 White Ball
Powerball
with PowerPlay | 25% Federal Withholding | 0% State Withholding | Net Payment | | $40,000.00 | -$10,000.00 | -$0.00 | $30,000.00 |
Past Prize Analysis for Daily-Derby- Daily Derby Jackpot Analysis for Wednesday, December 4th
- Daily Derby Jackpot Analysis for Monday, December 2nd
- Daily Derby Jackpot Analysis for Saturday, November 30th
- Daily Derby Jackpot Analysis for Wednesday, November 27th
- Daily Derby Jackpot Analysis for Monday, November 25th
- Daily Derby Jackpot Analysis for Saturday, November 23rd
- Daily Derby Jackpot Analysis for Wednesday, November 20th
- Daily Derby Jackpot Analysis for Monday, November 18th
- Daily Derby Jackpot Analysis for Saturday, November 16th
- Daily Derby Jackpot Analysis for Wednesday, November 13th
More Prize Analysis for Florida(FL) Daily Derby
| Florida Powerball |
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Next Draw: Wed Dec 4, 2024
$240,000,000
Change: +$16,000,000
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