How do you calculate lottery cash payout?

How do you calculate lottery cash payout?

Figuring it Out For example, if you win $1 million, your lump sum payout is half of that, or $500,000. Federal withholding is 25% of the payout, or $125,000. If your state has a 7% income tax it will withhold that amount as well — in this example, $35,000. The resulting lump sum payout is $340,000.

How much money do you win on cash 4?

About Cash 4. With a chance to win up to $5000 three times every day, pick your four numbers and join in the fun! There are three drawings a day, seven days a week.

How much do you win Pick 4 50 50?


4-way any order 50/50 $600 1 in 3,333.3
4-way exact order 50/50 $3,100 1 in 10,000
6-way any order 50/50 $400 1 in 2,000
6-way exact order 50/50 $2,900 1 in 10,000

Where can I find the latest lottery results?

These are the latest lottery results, jackpots, and prize payouts for Illinois (IL). Lottery Post has the #1 fastest and most accurate online lottery results on the Internet for the United States (all states in the USA), Canada, United Kingdom (UK), Germany, Ireland, Italy, and around the world.

How to claim a lottery prize in Illinois?

All prizes can still be claimed by mail. For prizes over $600, including prizes over $1 million – sign the ticket, fill out the Prize Claim Form, and send it via registered mail to the Illinois Lottery Claims Department. Keep a copy of all documents for your records.

What was the payout for the Illinois Lotto?

Illinois Lotto Payouts Category Next Estimated Jackpot Winners Prize Fund Match 6 $6,650,000.00 Rollover 0 $0.00 Match 5 + Extra Shot $91,037.50 0 $0.00 Match 5 $3,641.50 3 $10,924.50 Match 4 + Extra Shot $1,450.00 4 $5,800.00

What are the odds of winning the lottery in Illinois?

It is possible that the bonus/extra drawing has different payout amounts. Lottery Post is proud to bring you winning ticket jackpot, prize payout amounts, and game odds for Illinois (IL) Lotto.

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