The Texas Lottery says the winning ticket in Wednesday night’s $17 million drawing was sold in Dallas. How much will the winner take home?
The Texas Lottery says the winning ticket in Wednesday night's $17 million drawing was sold in Dallas.
The annuitized prize was worth $17 million over 30 years, but the player selected the cash value option which dropped the prize to $9,784,117.86 before taxes. The winner will pay roughly 37% in federal taxes, or $3,620,123.60. Texas doesn't tax lottery winnings, so the state wouldn't take a cut. That would leave the winner with $6,163,994.25. The federal government taxes lottery winnings like income so the taxes due include 24% upfront to the federal government and probably another 13% since the top federal income tax rate is 37%.The prize has not yet been claimed. The winner has 180 days from the draw date to claim the jackpot.
“We look forward to meeting and congratulating the fourth Lotto Texas jackpot winner of 2023,” said Gary Grief, executive director of the Texas Lottery. “If you have the winning ticket, we encourage you to sign the ticket, put it in a safe place, seek financial and legal advice, and call the Texas Lottery to schedule an appointment to claim the prize.”
The Texas Lottery said,"in addition to the jackpot-winning prize, 49,789 Lotto Texas tickets, including those with the Extra! add-on feature won lower-tier prizes ranging from $2 to $11,040 for the same drawing."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$17 million jackpot-winning lottery ticket sold in DallasA lucky lottery player from the Big D won big on Wednesday night.
Read more »
'Oppenheimer' Made $17 Million From Just 30 IMAX ScreensChristopher Nolan's preferred format is raking in the dough.
Read more »
Things To Do In DallasArticles and videos about Things To Do In Dallas on FFOX 4 News Dallas-Fort Worth.
Read more »
Dallas developer rejects Texas’ final offer to purchase Fairfield Lake State ParkDallas developer Todd Interests declined the Texas Parks and Wildlife Department's appraisal-based offer for Fairfield Lake State Park, which could lead to...
Read more »