Rough estimate in taxes you'd pay is somewhere between $1,500 - $3,000, but this all depends on your tax bracket. It's the same as having your work write you a bonus check for $7,100. I won a trip to the Super Bowl a few years ago. Prize was valued at double this contest. Tax man wasn't very nice.
Prize values are usually based on normal retail value which is a little silly since none of us pay full price to go to Disney!
I believe stroke of luck contests like this in Canada are tax free! That's double lucky if you win!
The value of this trip is about $7,100.
My guess at the breakdown:
$2,400 - 4 nights accommodations, between Castle and upgraded room at a deluxe hotel
$1,500 - park tickets
$2,400 - airfare
$500 - $500 gift card
$300 - welcome basket and cinderella slipper prize
The wording states that the prize value is an estimate that varies by the date you go.
I would love to pay the tax bill on this one because we are going anyway and would love the once in a lifetime experience!