Winner Notification: Winnings must be claimed within 60 days of the drawing date. Prizes valued under $600 may be claimed at any Florida Lottery retailer; larger awards must be claimed from one of our district offices or at our headquarters in Tallahassee. When purchasing games with annual payment options, winners have two choices for collecting their winnings: an annuity of 20 payments equaling the advertised jackpot or an annuity equaling approximately two-thirds of that figure (less withholding for federal income taxes withheld).
The Florida Lottery offers numerous scratch-off tickets that could turn you into a millionaire, from those offering top prizes of $1 million or even up to $15 million! Or you could play scratch-offs with smaller top prizes that have lower odds of hitting big-time.
Lottery winners often struggle with managing their millions. This is particularly the case when they encounter unexpected expenses such as medical emergencies or car repairs, wild spending, greedy friends and family, poor investments or bankruptcy due to winning the lottery – according to one study by Certified Financial Planner Board of Standards nearly one third of lottery winners end up bankrupt compared with only about five percent of average Americans!
Florida Lottery winners may opt to remain anonymous if desired; however, according to state law they must disclose their name, city of residence and prize amount when requested by anyone. One exception exists if their prize amounts surpass $250,000: their names may remain hidden for up to 90 days following collection of their prizes.
If you want to become a Florida Lottery winner, be aware of the low odds of hitting the jackpot. Without purchasing multiple tickets with similar numbers, chances of hitting it big are minuscule; however, with smart strategies for playing the lottery you may increase your odds of becoming a millionaire!
Florida Lottery players can win multiple types of prizes beyond just the top prize of $1 Million, including second and third tier awards of $100,000 and $25,000. Furthermore, matching three or four of six numbers may yield rewards; five consecutive winning numbers have never been drawn before in a Florida Lotto game! Nevertheless, it still pays to try your luck as there are many other ways of winning prizes with Florida Lottery games like Cash4Life where rules are available online or retail locations will offer assistance if unsure.