Florida #1415 $15,000,000 GOLD RUSH SPECIAL EDITION . . press release . . around 38,880,000 ticket print . . $15 million annuity.
"(10) $15,000,000 Top Prize and $1,000,000 Prize Payment Options.
(a) A winner of a $15,000,000 top prize or $1,000,000 prize may choose one of two payment options for receiving his or her prize. Payment options are “Cash Option” or “Annual Payment.” At the time the $15,000,000 top prize or $1,000,000 is claimed, the terminal will produce a player claim instructions ticket. The winner has sixty (60) days from the date the player claim instructions ticket is produced to file a claim choosing the Cash Option. If a winner does not choose the Cash Option within the sixty (60) day timeframe, the Annual Payment option will be applied. Once the winner files a claim and exercises the winner’s chosen option, the election of that option shall be final. The Annual Payment method of payment will also be final when it is applied due to a top prize or $1,000,000 winner not making his or her payment election within sixty (60) days after the player claim instructions ticket is produced.
(b) Cash Option prizes will be paid in a single cash payment.
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A winner of a $15,000,000 top prize who elects the Cash Option shall receive a single cash payment of $10,440,000, less applicable federal income tax withholding.
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A winner of a $1,000,000 prize who elects the Cash Option shall receive a single cash payment of $700,000, less applicable federal income tax withholding.
(c) Annual Payment prizes will be paid in twenty-five (25) equal annual installments. 1. A winner of a $15,000,000 top prize who elects the Annual Payment option shall receive annual installments of $600,000 per year, less applicable federal tax withholding.
- A winner of a $1,000,000 prize who elects the Annual Payment option shall receive annual installments of $40,000 per year, less applicable federal tax withholding.
(d) Any interest or earnings accruing on a $15,000,000 top prize or a $1,000,000 prize prior to the prize payment shall accrue to the Florida Lottery and not to the winner."