![]() The $1.08 billion grand prize is the third largest in the game's history since it started in 1992. ![]() Before Wednesday night's drawing, no one had matched the five white balls and red Powerball in the past 38 chances to win. The jackpot had been swelling since April 19, when a ticket bought in Ohio won a $252.6 million jackpot. In November, a lucky man at Joe's Service Center in Altadena correctly guessed the numbers accompanying the world-record Powerball jackpot of $2.04 billion. It was the second time in eight months that a $1 billion Powerball ticket was sold in Los Angeles County, CBS News Los Angeles points out. Wednesday's Powerball drawing had more than 4.8 million winning tickets overall and lower-tier cash prizes worth $85.1 million. To learn more about the FL Lottery please visit the official Florida Lottery website.Experts told CBS MoneyWatch that people who suddenly come into a lot of money should go through a "cooling-off period" and not rush to make big financial decisions. In sum, Florida's schools and students have received more than $36 billion in lottery funding, including more than $5 billion used to send nearly 900,000 students to college on Bright Futures Scholarships funded by the Florida Lottery. Additionally, Florida Lottery proceeds have funded School Recognition and Merit Programs for improved schools and even helped renovate and construct nearly 800 schools. Florida students and schools have benefited from more than $1 billion per year over the past 16 years, thanks to the contributions of the Florida Lottery - approximately 6% of the state's total education budget. The Florida Lottery has become an industry leader and remains an invaluable contributor to Florida's education system. The first draw games, Florida Lotto and Cash 3, debuted in a dual launch on April 29, 1988. MILLIONAIRE exceeded $95 million in sales, setting a lottery industry record. With the hire of Rebecca Paul as their first permanent secretary, on January 12, 1988, the Florida Lottery began sales of its very first game, a $1 scratcher called MILLIONAIRE - six days ahead of schedule. The Governor and the Florida Legislature established the Florida Lottery with a mission to maximize revenues for education, benefitting the people of the state while providing top of the line lottery games. In 1986, voters in Florida authorized a lottery, through a constitutional amendment, with the intention of using proceeds to benefit the state's public education system. Like many states, Florida does not allow lottery winners to remain anonymous, although winners' home addresses and phone numbers remain confidential. citizens or non-residents is 30% on all prizes.Ĭan I remain anonymous if I win the lottery in Florida? citizens without a SSN who win prizes of $600 or more are taxed 24%. citizens who win prizes of $5,000 or greater are taxed 24%. The Florida Lottery is required to withhold a percentage of winnings for many lottery prizes for Federal Tax purposes. Tickets mailed to Florida Lottery Headquarters take approximately 30 days to go through the claims process. Jackpot prizes take longer to collect and are typically available 15 days after the drawing. For prize amounts over $250,000 but less than a jackpot win, players will receive their winnings via ACH within a few business days. How long does it take to receive FL Lottery winnings?Īccording to the FL Lottery, prizes of $250,000 or less can typically be claimed by the winner on the same business day. You can find the latest FL Lottery jackpot amounts for all of your favorite games here on the Florida Lottery Jackpots page. No, tickets must be purchased through an authorized retailer.
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