Yahoo Web Search

Sign In

Search results

      • When the Florida Lottery first started, funds were broken down as follows: 50 percent prizes, 35 percent public schools, 5 percent retailer’s commission and 10 percent operating costs. Currently, 65 percent of proceeds go to prizes.
      www.tampabay.com › life-culture › 2020/07/22

      Florida Wonders: Where does the Florida Lottery money go?

  2. People also ask

  3. www.tampabay.com › life-culture › 2020/07/22Florida Wonders: Where does the Florida Lottery money go?

    Jul 22, 2020 · In the first six months of 2020, the Florida Lottery transferred $1.08 billion. Where does that money actually go? Florida Bright Futures Scholarships, created by lawmakers in 1997, are...

    • gcalise@tampabay.com
    • Culture, Music And Nostalgia Reporter

  4. floridalottery.com › games › draw-gamesFlorida Lotto

    And with the new $1 add on, Double Play, players have the chance to win additional prizes up to $250,000 in an additional drawing held immediately after the Florida Lotto drawing using the same numbers and multiplier played on their ticket.

  5. www.fox4now.com › news › stateWhere does lotto money go? Here's the breakdown - Fox 4 News

    Oct 23, 2018 · According to Florida Lottery, whether you buy a Mega Millions ticket, a Florida lottery ticket or a Powerball ticket, it all goes to the same pot. RELATED: How to increase your chances of...

    • Janny Rodriguez

  6. Videos

    View all

  7. floridalotterylive.com › lotto › jackpot-analysisLotto Jackpot Analysis | Florida Lotto Calculator

    Below is an analysis of the current Florida Lotto jackpot, showing both the advertised Annuity and Lump Sum amounts and their ultimate worth after taking into account federal and state tax. You can also view the Florida Lotto annuity payout table further down, which details the amount a single winner of the jackpot would receive each year from ...

    Year
    Gross Annuity Value
    Federal Tax ( 24 %)
    State Tax ( 4 %)
    1
    $48,917.16
    -$11,740.12
    -$1,956.69
    2
    $51,363.02
    -$12,327.13
    -$2,054.52
    3
    $53,931.17
    -$12,943.48
    -$2,157.25
    4
    $56,627.73
    -$13,590.66
    -$2,265.11

    See full list on floridalotterylive.com

  8. floridalottery.com › winning › guideWinner’s Guide - The Florida Lottery

    If you are a U.S. citizen or resident alien with a social security number, the IRS requires the Florida Lottery to withhold 24% federal withholding tax on prizes over $5,000. If you are a U.S. citizen and do not have a Social Security number, the IRS requires the Florida Lottery to withhold 30% federal withholding tax on prizes of $600 or more.

  9. flalottery.com › about › flalotteryFlorida Lottery - Where the Money Goes

    The Florida Department of Education distributes the funds to the public education system. WHERE DOES THE REST OF THE MONEY GO? The majority of Florida Lottery revenue goes back into Florida's economy in the form of prizes to players. A portion goes to commissions and bonuses for the Lottery's more than 13,000 retailers statewide.

  10. www.floridatoday.com › story › newsMega Millions, Powerball, Florida Lottery: What to do if you win

    Jul 15, 2023 · Prizes range from $2 to the grand prize. Mega Millions: you have a 1 in 302,575,350 chance to match all five white balls plus the gold Mega Ball. Prizes range from $2 (for matching the Mega...

  1. Searches related to how much money does florida lotto have to go

    how much money does florida lotto have to go backmotor trend hot rod
    how much money does florida lotto have to go to playflorida lotto fantasy 5
    how much money does florida lotto have to go to schoolindiana lotto
    how much money does florida lotto have to go to cashflorida lotto results
  2. People also search for