The jackpot for the Powerball draw on Mon Dec 22, 2025, is projected to be $1.60 Billion, with an option for a cash payout of $735.3 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in Florida, the bright side is you won't have to pay any state taxes on your lottery prize.
| Florida Powerball Jackpot/Cash Option for Mon Dec 22, 2025 |
|---|
| Draw Date | Mon Dec 22, 2025 | | Projected Jackpot | $1,600,000,000 | | Cash Value | $735,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $735,300,000 | | Federal Tax(24%) | $176,472,000 | | Additional Federal Tax | $95,549,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $463,278,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$24,081,600 |
$8,870,522
$0 |
$15,211,078 |
| 2 |
$25,286,400 |
$9,316,298
$0 |
$15,970,102 |
| 3 |
$26,550,400 |
$9,783,978
$0 |
$16,766,422 |
| 4 |
$27,878,400 |
$10,275,338
$0 |
$17,603,062 |
| 5 |
$29,272,000 |
$10,790,970
$0 |
$18,481,030 |
| 6 |
$30,736,000 |
$11,332,650
$0 |
$19,403,350 |
| 7 |
$32,272,000 |
$11,900,970
$0 |
$20,371,030 |
| 8 |
$33,886,400 |
$12,498,298
$0 |
$21,388,102 |
| 9 |
$35,580,800 |
$13,125,226
$0 |
$22,455,574 |
| 10 |
$37,360,000 |
$13,783,530
$0 |
$23,576,470 |
| 11 |
$39,227,200 |
$14,474,394
$0 |
$24,752,806 |
| 12 |
$41,188,800 |
$15,200,186
$0 |
$25,988,614 |
| 13 |
$43,248,000 |
$15,962,090
$0 |
$27,285,910 |
| 14 |
$45,411,200 |
$16,762,474
$0 |
$28,648,726 |
| 15 |
$47,681,600 |
$17,602,522
$0 |
$30,079,078 |
| 16 |
$50,065,600 |
$18,484,602
$0 |
$31,580,998 |
| 17 |
$52,568,000 |
$19,410,490
$0 |
$33,157,510 |
| 18 |
$55,196,800 |
$20,383,146
$0 |
$34,813,654 |
| 19 |
$57,956,800 |
$21,404,346
$0 |
$36,552,454 |
| 20 |
$60,854,400 |
$22,476,458
$0 |
$38,377,942 |
| 21 |
$63,897,600 |
$23,602,442
$0 |
$40,295,158 |
| 22 |
$67,092,800 |
$24,784,666
$0 |
$42,308,134 |
| 23 |
$70,446,400 |
$26,025,498
$0 |
$44,420,902 |
| 24 |
$73,969,600 |
$27,329,082
$0 |
$46,640,518 |
| 25 |
$77,667,200 |
$28,697,194
$0 |
$48,970,006 |
| 26 |
$81,552,000 |
$30,134,570
$0 |
$51,417,430 |
| 27 |
$85,628,800 |
$31,642,986
$0 |
$53,985,814 |
| 28 |
$89,910,400 |
$33,227,178
$0 |
$56,683,222 |
| 29 |
$94,406,400 |
$34,890,698
$0 |
$59,515,702 |
| 30 |
$99,126,400 |
$36,637,098
$0 |
$62,489,302 |
|
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