Florida(FL) Lucky Money Prize Analysis for

Florida(FL) Lucky Money Prize Analysis for
Updated: Sunday, November 22nd, 2015 03:02 AM

The estimated jackpot for Lucky Money on is $0 million. The cash option is $0 million. The Lucky Money 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 million, the winner gets paid in 30 annual payments in the average amount of $0.00 per year. The average federal tax liability is $0.00 per year. There is no state tax liability for lottery prizes. The average net lump-sum payment after tax withholding is going to be $0.00 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) Lucky Money Prize Analysis for
  Jackpot: $0 Million  Cash: $0 Million

Cash Option - $0 Million
Gross Cash Payment25% Federal Withholding0% State WithholdingLump-Sum Net Payment
$0.00-$0.00-$0.00$0.00

Annuity - $0 Million in 30 Annual Payments
Yr Annual Gross Payment 25% Federal Withholding 0% State Withholding Annual Net Payment
1$0.00-$0.00-$0.00$0.00
2$0.00-$0.00-$0.00$0.00
3$0.00-$0.00-$0.00$0.00
4$0.00-$0.00-$0.00$0.00
5$0.00-$0.00-$0.00$0.00
6$0.00-$0.00-$0.00$0.00
7$0.00-$0.00-$0.00$0.00
8$0.00-$0.00-$0.00$0.00
9$0.00-$0.00-$0.00$0.00
10$0.00-$0.00-$0.00$0.00
11$0.00-$0.00-$0.00$0.00
12$0.00-$0.00-$0.00$0.00
13$0.00-$0.00-$0.00$0.00
14$0.00-$0.00-$0.00$0.00
15$0.00-$0.00-$0.00$0.00
16$0.00-$0.00-$0.00$0.00
17$0.00-$0.00-$0.00$0.00
18$0.00-$0.00-$0.00$0.00
19$0.00-$0.00-$0.00$0.00
20$0.00-$0.00-$0.00$0.00
21$0.00-$0.00-$0.00$0.00
22$0.00-$0.00-$0.00$0.00
23$0.00-$0.00-$0.00$0.00
24$0.00-$0.00-$0.00$0.00
25$0.00-$0.00-$0.00$0.00
26$0.00-$0.00-$0.00$0.00
27$0.00-$0.00-$0.00$0.00
28$0.00-$0.00-$0.00$0.00
29$0.00-$0.00-$0.00$0.00
30$0.00-$0.00-$0.00$0.00

Other Prizes With More Than $5,000.00
5 White Ball25% Federal Withholding0% State WithholdingNet Payment
$1,000,000.00-$250,000.00-$0.00$750,000.00
5 White Ball
with PowerPlay
25% Federal Withholding0% State WithholdingNet Payment
$2,000,000.00-$500,000.00-$0.00$1,500,000.00
4 White Ball
Powerball
25% Federal Withholding0% State WithholdingNet Payment
$10,000.00-$2,500.00-$0.00$7,500.00
4 White Ball
Powerball
with PowerPlay
25% Federal Withholding0% State WithholdingNet Payment
$40,000.00-$10,000.00-$0.00$30,000.00


Past Prize Analysis for Lucky-Money

More Prize Analysis for Florida(FL) Lucky Money

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