Florida(FL) Fantasy 5 Prize Analysis
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.
The prizes of Florida Fantasy 5 are pari-mutuel. The actual jackpot prize amount depends on sales and the number of winners. The jackpot prize is paid in a one-time cash payment. The estimated jackpot prize amount of Florida Fantasy 5 is $200,000.
Enter an amount 5000 or more below to see the detailed prize analysis.
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Next Draw: Thu Nov 21, 2024 |
