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Florida(FL) Millionaires Club Prize Analysis
The estimated jackpot for Millionaires Club on is $0 million. The cash option is $0 million. The Millionaires Club 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) Millionaires Club Prize Analysis |
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Jackpot: $0 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 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 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 Millionaires-Club- Millionaires Club Jackpot Analysis for Monday, November 11th
- Millionaires Club Jackpot Analysis for Saturday, November 9th
- Millionaires Club Jackpot Analysis for Wednesday, November 6th
- Millionaires Club Jackpot Analysis for Monday, November 4th
- Millionaires Club Jackpot Analysis for Saturday, November 2nd
- Millionaires Club Jackpot Analysis for Wednesday, October 30th
- Millionaires Club Jackpot Analysis for Monday, October 28th
- Millionaires Club Jackpot Analysis for Saturday, October 26th
- Millionaires Club Jackpot Analysis for Wednesday, October 23rd
- Millionaires Club Jackpot Analysis for Monday, October 21st
More Prize Analysis for Florida(FL) Millionaires Club
Florida Powerball |
SUN MON TUE WED THU FRI SAT |
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Next Draw: Mon Nov 11, 2024 $103,000,000 Change: +$11,000,000
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FLLOTT.COM is not associated with the official Florida State Lottery. The information contained in this website is provided for informational purposes only. Every effort has been made to ensure that the winning numbers and other information posted on this website are accurate. No valid claim may be based on the winning numbers or other information contained on this website. FLLOTT.COM makes no warranties, guarantees or representations, of any kind, express or implied, as to the content, accuracy, completeness, reliability or timeliness of the information contained in this website or in the sites of any links provided herein. The information should always be verified by contacting the Official Lottery before it is used in any way. In the event of a discrepancy between the numbers posted on this website and the official winning numbers, the official winning numbers shall control.
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