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2nd prize in P-ball payout time frame

Topic closed. 5 replies. Last post 11 years ago by TheGameGrl.

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iowa
United States
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February 16, 2006
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Posted: May 20, 2006, 1:51 am - IP Logged

Does anyone have any idea how long it takes to receive your money if you win the second place prize in Powerball? I know it takes on average two weeks or so to receive the jackpot prize money, but I was just curious about the second prize. According to the rules I think that you would receive it the same day you turned it in at Powerball HQ. Just curious. Thanks for any help and good luck to all.

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    Morrison, IL
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    May 13, 2004
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    Posted: May 20, 2006, 2:25 am - IP Logged

    Yes, I think you would receive the money instantly, since the individual state pays the fixed prizes out of its own funds.

      bellyache's avatar - 64x64a9wg

      United States
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      March 18, 2005
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      Posted: May 20, 2006, 2:32 am - IP Logged

      I thought that it took a bit of time. Don't they check to see if you owe back taxes or child support and such? I guess they could do that in a couple hours though.

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        Morrison, IL
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        May 13, 2004
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        Posted: May 20, 2006, 12:39 pm - IP Logged

        Oh right, I forgot about those. Still, receiving a second place prize shouldn't take quite as long as receiving a jackpot prize.

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          iowa
          United States
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          February 16, 2006
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          Posted: May 20, 2006, 7:55 pm - IP Logged

          Thanks for the response guys.

            TheGameGrl's avatar - character catafly.jpg
            A long and winding road
            United States
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            June 10, 2005
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            Posted: May 20, 2006, 9:59 pm - IP Logged

            In the state of PA, the following is usually done when winnings are over 5k (but not the actual grandprize powerball winning)

            1:Claimant(s)  files at the designated Lottery headquarter locations.

            2: Funds are electronically deposited ( if one so chooses that method) into the persons account within 14 days. It takes another five days from deposit date to *clear* as a true deposit for withdrawel purposes.

            3: If any back taxes or state liens/city liens are discovered, such amounts are deducted prior to disbursement.

            4: A check can be issued to the claimant in lieu of electronic deposit. This would still take approximately two weeks . The time frame is approximate and not necessarily a TRUE account because factors may be involved that can hold up the disbursement. (re: group claim, in trust, or litigation disputes).

             

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