Where can I cash a Hoosier Lottery ticket?

Where do I cash my lottery ticket in Indiana?

If you’ve won $600 – $49,999:

Redeem at Hoosier Lottery Prize Payment Centers in Indianapolis, Mishawaka or Evansville.

What is the cash option for Hoosier Lottery?

10, 2020, spending that time getting everything in order before claiming the jackpot prize. The winner had the choice to take payment of the $5.2 million as a 30-year annuity or a one-time lump sum payment, finally opting for the lump-sum cash option of $2.3 million before taxes.

Where can I cash a winning lottery ticket?

Winning lottery tickets may only be redeemed in the state where the ticket was purchased. Prizes up to a certain amount may be redeemed at any store or location that sells lottery tickets. However, prizes over a certain amount must be redeemed with the state lottery office.

Where is the nearest Hoosier Lottery office?

This includes Hoosier Lottery Headquarters, 1302 N. Meridian Street, Suite 100, Indianapolis; North Region Prize Payment Center, 230 Red Coach Drive, Suite D, Mishawaka; and South Region Prize Payment Center, 5625 E. Virginia Street, Evansville, IN.

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Does Walmart cash lottery tickets?

Yes, Walmart’s in-store customer service will cash or redeem any lottery ticket you have. This includes regular lottery tickets, scratch-offs, Mega Millions, and Powerball tickets.

How much taxes are taken out of lottery winnings in Indiana?

The Hoosier Lottery withholds 24 percent in federal tax if the winnings minus the wager are more than $5,000 and 3.23 percent in state tax on any winnings that exceed $1,200. You may want to consult with a tax advisor to determine whether you will owe any additional taxes.

Can you buy Hoosier Lottery tickets with a debit card?

Sellers can have a variety of other policies on accepting checks and debit cards for purchase. Payment by cheque, credit card, credit card or any other form of deferred payment is prohibited.

How many years does the Hoosier Lottery payout?

7. Each prize of two million dollars ($2,000,000) will be paid as an annuity over twenty (20) years or as a lump sum payment at a value to be determined by the Hoosier Lottery at the time of claim.

What happens if you win lotto online?

If you win a prize from a purchase made using your online lottery account: We will deposit the prize money directly into the same account, usually the next day. You will also be notified by email about your entry winning a prize.

Do banks cash lottery tickets?

Winning tickets worth $600-$5,000 can be cashed at a bank near you. Your retailer can provide you with bank-cashing locations in your area, or you can check out this list. Please note that the banks charge a processing fee of $10 for this service. In order to cash tickets at the bank, proper identification is required.

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What do you do with a winning lottery ticket?

What to Do After Claiming Your Prize

  1. Consult With the Professionals You Hired. These professionals exist to help you, not the other way around. …
  2. Pay Off Most Debts. …
  3. Start an Emergency Fund. …
  4. Put Away Money for Retirement. …
  5. Diversify Your Investments. …
  6. Set Up College Funds. …
  7. Give to Those Less Fortunate. …
  8. Learn to Say No.