![]() ![]() 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. The next draw is on Friday, July 5, 2019.Bigger prizes take longer to arrange, so the amount of the top prize will affect how long it takes to issue the prize payment. ![]() According to its website, it has donated over $9 billion since 1999. Since its inception, the Virginia Lottery has given back to public schools in the state. Check the website or with your local retailer to see how this will affect you. Tickets expire 180 days after the drawing so don't wait too long to claim.Īccording to its website, since July 2, Cash4Life has moved to daily drawings rather than twice weekly. ![]() Take a valid government-issued photo ID and your social security card or other proof of your social security number. If your prize is more than $600, and with Cash4Life the jackpot would be, players can take the ticket to a Virginia Lottery customer service center or one of the prize zones. If you won a prize in Mega Millions, Powerball or Cash4Life with an online subscription, here's how to claim your prize. Never hand an unsigned ticket to another person, unless you are okay with that person claiming a possible prize. If you think you have a winning ticket, the VA Lottery website advises players to sign the back of it, as it is a bearer instrument and by signing it the player protects themselves. Like Powerball, there are nine ways to win a prize. Match only five numbers and the winnings drop down to $1,000 a week for life. To win the Cash4Life jackpot, players need to match five numbers plus the Cash Ball drawn, winning them $1,000 a day for life. As with other lotteries, players can select their own numbers or they can let the computer fill them in randomly. They then select one Cash Ball number from one through to four. Players buy a ticket for $2 and pick five numbers from one through to 60. Playing Cash4Life is similar to playing Mega Millions and Powerball. If you need to check your ticket, you can do so on the VA Lottery website. At the time of publishing, a winner hadn't been announced for the Thursday draw. The odds of winning the jackpot is 1 in 21,846,048. The winning numbers for July 4 were 2-9-18-25-51. Cash4Life has now moved to daily drawings, meaning there are more chances of winning. ![]()
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