super lotto payout calculator

Super lotto payout calculator

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Cash or annuity? By default, jackpot prizes are paid in 30 annual instalments (annuity). However, the winner has 60 days after their claim is approved to choose the cash value of the prize as an alternative.

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When calculating the present cash value of lottery winnings, dont forget to consider the impact of income taxes on the winnings. Taking a large sum of money …

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The California Lottery wants you to have the very best possible experience at We suggest you use one of the supported browsers listed below to enjoy all the features on this site. We suggest you use one of the supported browsers listed below to enjoy all the features on this site.

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Lottery Calculators. Want to know how much a winning lottery ticket is actually worth? Well, these lotto calculators should be able to give you a decent idea of what to expect:

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super lotto cash value About Super Lotto Plus a US California State lottery. It is operated a Commission appointed by the Governor of California. Format Super Lotto Plus requires a player to make 2 choices: (1) Pick 5 numbers out of a set of 47 white balls; and (2) Pick 1 MEGA Ball from a set of 27 balls.

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What Is a Lottery Payout Calculator? Posted on February 22, 2015 by Deb in Games How to Use a Lotto Payout Calculator? A lottery payout calculator is an online program used to determine how much of a lottery jackpot you will see, instead of the lump sum advertised as the jackpot.

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California SuperLotto Plus jackpots are paid in 26 annual payments, or a player may choose the cash value payment in one lump sum. If a winner chooses the cash value, it must be claimed within 60 days of the California Lottery payment approval date.

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California SuperLotto Plus Prizes and Odds of Winning

super lotto cash value California SuperLotto Plus Prizes SuperLotto Plus offers nine different prize tiers, with cash amounts awarded to players who match even one number. This rare approach helps to improve players’ odds of winning, which can be as short as 1 in 23 for winning any prize.

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Super lotto payout calculator

The xx lottery offers jackpot winners the choice of either collecting their winnings as a single lump-sum payout, or as a multi-payment annuity. In xx , the annuity consists of xx payments paid one year apart. Each xx payment xxx .

The cash payout is approximately 50-80% of the advertised annuity jackpot, but this percentage varies depending on the level of interest rates. To be fair to the winner, the cash value should be the same as the total required to fund the time-delayed annuity payments.

Both payment values are publicized and paid by the State where the ticket was sold. Regardless of payout method (cash or annuity), the State will withhold 25% for Federal Taxes, which is typically 4% to 14% less than the actual taxation rate you will need to pay. However, State taxes are not withheld at the time of payment. This means that when filing taxes, a winner may have to pay a combined 4% to 28% more in taxes depending on the state and amount of winning payment.

To help you decide whether you want to take the annuity or cash payouts, we have provided this xx Annuity Calculator which contains three tables below. The table T1 is the lottery information input screen. There, you can change the annuity and cash payouts, yield and ratio, as well as the federal and state tax rates. Once you enter your data and either move the cursor or hit return, the corresponding payout structure and tax summary tables will be updated automatically. The table on the left T3 illustrates each of the individual annuity cash payments. And, the table T2 on the bottom right shows the tax implications based on both federal and state rates.

Related Pages – (Note, you can access these using the menu above)
Hot Cold Numbers – Showing frequency Probability of Winning – Shows chances of multiple winners or why jackpots are not always won ( New ) Jackpot Investment Calculator – Compares 30 year cashflow investment of the Annuity against the lump sum Cash Option Jackpot (side by side)

An annuity cashflow calculator for 30 year durations,showing individual payments, plus the federal and state tax implications. Uses the latest tax tables to assist single and joint tax filers. Can be used for lottery, insurance and investment purposes. Compares lump sum cash versus annuity benefits. ]]>