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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
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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