Jackpot Analysis Florida Powerball

Jackpot Analysis for Florida Powerball
The jackpot for the Powerball draw on Sat Jul 26, 2025, is projected to be $350 Million, with an option for a cash payout of $156.5 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 Sat Jul 26, 2025
Draw DateSat Jul 26, 2025
Projected Jackpot$350,000,000
Cash Value$156,500,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$156,500,000
Federal Tax(24%)$37,560,000
Additional Federal Tax$20,305,330
State Tax(0%)$0
Net Lumpsum Payment$98,634,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $5,267,850 $1,909,435
$0
$3,358,415
2 $5,531,400 $2,006,948
$0
$3,524,452
3 $5,807,900 $2,109,253
$0
$3,698,647
4 $6,098,400 $2,216,738
$0
$3,881,662
5 $6,403,250 $2,329,533
$0
$4,073,717
6 $6,723,500 $2,448,025
$0
$4,275,475
7 $7,059,500 $2,572,345
$0
$4,487,155
8 $7,412,650 $2,703,011
$0
$4,709,639
9 $7,783,300 $2,840,151
$0
$4,943,149
10 $8,172,500 $2,984,155
$0
$5,188,345
11 $8,580,950 $3,135,282
$0
$5,445,668
12 $9,010,050 $3,294,049
$0
$5,716,001
13 $9,460,500 $3,460,715
$0
$5,999,785
14 $9,933,700 $3,635,799
$0
$6,297,901
15 $10,430,350 $3,819,560
$0
$6,610,790
16 $10,951,850 $4,012,515
$0
$6,939,335
17 $11,499,250 $4,215,053
$0
$7,284,197
18 $12,074,300 $4,427,821
$0
$7,646,479
19 $12,678,050 $4,651,209
$0
$8,026,841
20 $13,311,900 $4,885,733
$0
$8,426,167
21 $13,977,600 $5,132,042
$0
$8,845,558
22 $14,676,550 $5,390,654
$0
$9,285,896
23 $15,410,150 $5,662,086
$0
$9,748,064
24 $16,180,850 $5,947,245
$0
$10,233,605
25 $16,989,700 $6,246,519
$0
$10,743,181
26 $17,839,500 $6,560,945
$0
$11,278,555
27 $18,731,300 $6,890,911
$0
$11,840,389
28 $19,667,900 $7,237,453
$0
$12,430,447
29 $20,651,400 $7,601,348
$0
$13,050,052
30 $21,683,900 $7,983,373
$0
$13,700,527