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Jackpot Analysis For Florida
Lotto |
miércoles, 12/04/2006 |
Annuity |
Cash |
Jackpot Amount |
$50,000,000 |
$25,000,000 |
Gross Prize |
30
Annual Payments of $1,666,666 |
Lump-Sum Cash $25,000,000 |
Less 25% Federal Tax |
-$416,666 |
-$6,250,000 |
No State Tax on Lottery Prizes |
No State Tax |
No State Tax |
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Yearly Net Pay: $1,250,000
Total Pay After 30 payments:
$37,500,000 |
Lump-Sum Net Payout: $18,750,000 |
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