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For the $1 million Powerball winner from Hialeah, it's 60 days from Jan. 20 (the date of the drawing) for the one-time, lump sum cash payment and 180 days from Jan. 20 for annual payments.
Here’s what to know about the Powerball drawing in Florida: What is the Powerball jackpot payout? ... could choose to receive $638 million in payments over 30 years or a lump sum of $321 million.
In Florida, a winner has 60 days from the date of the drawing to claim a one-time, lump-sum cash payment. If the winner prefers annual payments, they have 180 days after the draw date.
All non-Powerball prizes greater than $250,000, or Powerball prizes more than $1 million, must be redeemed at Florida Lottery headquarters. Lucky Money jackpot winners may choose between an annuity of 20 payments that equals the advertised jackpot, or a lump-sum payment, which is about 2/3 of the advertised jackpot, less federal income tax ...
Powerball jackpot winners have the choice of taking the annuity or lump sum cash prize. The annuity is paid in 30 graduated installments over 29 years with each annuity payment increasing 5% annually, [6] whereas the lump sum payment, with a cash value of about half of the advertised jackpot, is paid all at once. [7]
There were three winners in the drawings held Monday in the Florida Lottery, excluding Cash Pop. ... She chose to receive her winnings as a one-time, lump-sum payment of $640,000.
The Powerball jackpot was last won on October ... the Florida Lottery announced Wednesday. The recipient is set to get a lump-sum payment of more than $794 million and can stay anonymous through ...
An estimated $760 million jackpot will be up for grabs in the next Powerball drawing after ... the Florida Lottery announced Wednesday. The recipient is set to get a lump-sum payment of more than ...