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. Bigger prizes take longer to arrange, so the amount of the top prize will affect how long it takes to issue the prize payment.
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