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California(CA) Fantasy 5 Prize Analysis for Tue May 23, 2023

California(CA) Fantasy 5 Prize Analysis for Tue May 23, 2023
Updated: Monday, May 22nd, 2023 11:03 PM

The estimated jackpot for California(CA) Fantasy 5 on Tue May 23, 2023 is $75,000. The California(CA) Fantasy 5 prize analysis tells you how much you would get after tax withholdings.

As legally required by the state of California, taxes are withheld on lottery winnings of $600.00 or more. For prizes over $5,000.00, US citizens and resident aliens with a social security number are subject to a 25% deduction to their prizes, which represents federal taxes. Luckily, lottery prizes are exempt from California state and local personal income taxes. For more information on taxes for lottery winnings in the state of California, click here.

For the current California(CA) Fantasy 5 jackpot $75,000, the federal tax amounts to $18,750.00. There is no state tax deduction. The winner will receive, after paying federal taxes, $56,250.00.

For detailed information on Fantasy 5 Lottery Winning Taxes and Prizes Analysis, see the data listed below.

California(CA) Fantasy 5 Prize Analysis for Tue May 23, 2023
Gross Cash Payment25% Federal Withholding0% State WithholdingNet Payment
$75,000-$18,750.00-0$56,250.00


Past Prize Analysis for Fantasy-5

More Prize Analysis for California(CA) Fantasy 5

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California(CA) Fantasy 5 Latest Drawing Results
Next Draw: Thu Nov 21, 2024
$68,000 
Change: $-4,000







 
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