Four (4) winners will be selected to attend the dodge challenger srt® hellcat giveaway event. Each winner will receive a ten thousand ($10,000) allocation to cover travel costs and miscellaneous expenses associated with attending the event in dallas, texas. one (1) winner per drawing, four (4) drawings*.
total prize value $13,332.67
(including Federal withholding tax***)
At the giveaway event, one (1) of the four (4) winners will be selected to win a 2017 Customized Dodge Challenger SRT® Hellcat** during the exciting, live prize reveal!
Total prize value $99,999.33
(including State Sales Taxes, Title and Registration fees and Federal withholding tax***).
The Texas Lottery will report a winner of a lottery prize to the IRS once the prize has been claimed, as required under federal law. For U.S. citizens, the Federal Government requires lottery winnings be reported to the IRS for tax purposes if an individual wins $600 or more and if the winnings are at least 300 times the amount of the per board wager, or the winnings are subject to federal income tax withholding (winnings greater than $5,000.00).
The tax withholding rate is 25% for winnings, less the wager, that are greater than $5,000. Prize withholdings are calculated on the total amount of gross proceeds (the amount of winnings minus the amount wagered). If you have questions regarding the tax consequences of winning any Texas Lottery game, including a Promotional Second-Chance Drawing, we recommend that you consult with your own accountant or tax advisor. Once a claim is approved, the prize is considered to be claimed, and may not be changed or refused after that point, and tax responsibility will be borne by the prize winner.
For prizes with values less than $600 a claim form is not required and the value is not reported to the IRS for tax purposes. These prizes will be immediately fulfilled by the vendor upon receipt of the winners list from the Texas Lottery Commission.
* For promotional drawing dates, rules and other information visit txlottery.org/luckzone.
** The Dodge Challenger SRT® Hellcat will include a custom decorative finish to be painted by the Gas Monkey Garage.
*** The Texas Lottery shall withhold federal income tax, as required by law, on all prizes valued at over $5,000.