The Kentucky Lottery was founded in 1989 after over 60% of Kentuckians voted in favor of establishing a state lottery system. Proceeds from the Kentucky Lottery are divided across causes, with over $6 billion raised since 1989. Over $4 billion in proceeds from the Kentucky Lottery have gone towards grants and scholarship programs for college students in the state. In fact, 100% of the funds awarded as part of the Kentucky Educational Excellence Scholarship (KEES) come directly from the sale of lottery tickets, emphasizing how the Kentucky Lottery occupies an important role in implementation and funding of necessary causes statewide.
The Kentucky Lottery is required to withhold taxes on any prizes over $5,000.
Here are the taxes withheld from lottery prizes for U.S. citizens or residents.
|Over $5,000||State Tax||5%|
If the winner is not a citizen or resident of the U.S., the Kentucky Lottery withholds a greater amount of winnings for taxes.
|$600 to $5,000||State Tax||0%|
|Over $5,000||State Tax||5%|
Claiming a lottery prize in Kentucky is simple. Start by signing the back of your winning ticket. Winners can claim any prize under $600 at a certified Kentucky Lottery retailer, while prizes up to $5,000 can be claimed at an authorized cashing agent. To find your nearest cashing agent, call the Kentucky Lottery's Customer Service Department line at (877) 789-4532. Prizes between $5,000 and $25,000 can be claimed at authorized cashing agents, the Kentucky Lottery Headquarters, or by mailing your winning ticket with an official claim form to the following address:
Kentucky Lottery Corporation, Claims Dept. 100
Louisville, KY 40287-0001
If your winnings exceed $25,000, you must claim them in person at the Kentucky Lottery Headquarters. It's recommended that you sign up for a time slot in advance, which you can do by calling (800) 937-8946. Winners have 180 days from date of the drawing to claim their winnings for lottery games, while scratch-offs are valid for 180 days after the game's end date. The Kentucky Lottery Headquarters are located at:
1011 West Main Street
Louisville, KY 40202
The process of claiming an online lottery prize differs from that of a printed game. If your winning warrants a free play, you can only redeem this prize by making an online purchase. If you won a prize of $600 or less, the earnings are automatically deposited into your account.
If your winnings exceed $5,000, you will receive a check in the mail within seven to 10 business days. Prizes of up to $100,000 can be claimed in this manner. Winnings exceeding $100,000 must be claimed at the Kentucky Lottery Headquarters, where it's encouraged to make an appointment in advance.
The odds of winning can vary substantially across different games available in the Kentucky Lottery. For scratch-off tickets, the odds of winning a prize will always be printed on the ticket itself and available on the Kentucky Lottery website. These odds are predetermined based on the total number of tickets printed for a game divided by the number of printed winning tickets. On average, the odds of wining are 1-in-3.5.
For the nationwide Powerball, the chances of winning the jackpot are currently 1-in-292,201,338 per $2 play. Your chances of winning the Mega Millions jackpot are 1-in-302,575,350. Both the Powerball and Mega Millions are part of the Multi-State Lottery Association, which tends to make odds lower and winnings higher. In comparison, a Kentucky-exclusive game like Cash Ball 225 has higher significantly odds of winning the jackpot, at 1-in-1,309,000.
All winnings from the Kentucky Lottery are considered taxable income by the state. Any prize that exceeds $600 is automatically reported to the IRS and Kentucky Department of Revenue. Additionally, the Kentucky Lottery must subtract all state and federal taxes from winnings higher than $5,000.
Drawings can differ from game to game, so it's important to check and stay updated on the current schedule for each one. Here is a breakdown of the current times and dates for the drawings of Kentucky Lottery games:
You can find the results of the drawings by calling the Kentucky Lottery's winning numbers hotline at (502) 583-2000. You can also visit the Kentucky Lottery website and navigate to the "Draw Games" page to find your specific game and view the most recent winning draw. The Kentucky Lottery also has a mobile app where you can access winning numbers with the touch of a finger.
To play the Kentucky Lottery, you must be at least 18 years old or older, as is common for most states in the U.S. This is true for both retailer-sold games and online or mobile-based games. Lottery is popular in the state of Kentucky, with approximately 70% of residents over the age of 18 having played a lottery game within the last six months.
The prices of lottery tickets can vary between games. Many games offer supplemental add-ons that either increase your chances of winning or multiply your potential earnings. Other games use a personal wager system, where the player chooses the amount they're willing to pay themselves and can earn a prize that hinders on how much money they wagered. Here are the prices of each game offered by the Kentucky Lottery:
If you're lucky enough to win a prize from the Kentucky Lottery, your best form of action is to claim your ticket as soon as possible. This prevents you from accidentally misplacing your ticket or forgetting to claim it before the 180-day period ends. When winnings go unclaimed, they're put into an unclaimed prize pool. Funds from this pool go directly to the Kentucky Educational Excellence Scholarship (KEES) reserve fund, which provides financial assistance to higher education students in the state of Kentucky. Over $100 million in unclaimed winnings have gone to the KEES fund since 2003.
If you're interested in learning more about the Kentucky Lottery system and how it works, Lottery Current can provide you with the most up-to-date lottery information for states across the country. Feel free to contact Lottery Current with any lottery-related questions or concerns.
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