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.
