The jackpot for the Powerball draw on Mon Apr 6, 2026, is projected to be $231 Million, with an option for a cash payout of $105 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 Apr 6, 2026 |
|---|
| Draw Date | Mon Apr 6, 2026 | | Projected Jackpot | $231,000,000 | | Cash Value | $105,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $105,000,000 | | Federal Tax(24%) | $25,200,000 | | Additional Federal Tax | $13,610,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $66,189,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,476,781 |
$1,246,739
$0 |
$2,230,042 |
| 2 |
$3,650,724 |
$1,311,098
$0 |
$2,339,626 |
| 3 |
$3,833,214 |
$1,378,620
$0 |
$2,454,594 |
| 4 |
$4,024,944 |
$1,449,560
$0 |
$2,575,384 |
| 5 |
$4,226,145 |
$1,524,004
$0 |
$2,702,141 |
| 6 |
$4,437,510 |
$1,602,209
$0 |
$2,835,301 |
| 7 |
$4,659,270 |
$1,684,260
$0 |
$2,975,010 |
| 8 |
$4,892,349 |
$1,770,500
$0 |
$3,121,849 |
| 9 |
$5,136,978 |
$1,861,012
$0 |
$3,275,966 |
| 10 |
$5,393,850 |
$1,956,055
$0 |
$3,437,795 |
| 11 |
$5,663,427 |
$2,055,798
$0 |
$3,607,629 |
| 12 |
$5,946,633 |
$2,160,585
$0 |
$3,786,048 |
| 13 |
$6,243,930 |
$2,270,584
$0 |
$3,973,346 |
| 14 |
$6,556,242 |
$2,386,140
$0 |
$4,170,102 |
| 15 |
$6,884,031 |
$2,507,422
$0 |
$4,376,609 |
| 16 |
$7,228,221 |
$2,634,772
$0 |
$4,593,449 |
| 17 |
$7,589,505 |
$2,768,447
$0 |
$4,821,058 |
| 18 |
$7,969,038 |
$2,908,874
$0 |
$5,060,164 |
| 19 |
$8,367,513 |
$3,056,310
$0 |
$5,311,203 |
| 20 |
$8,785,854 |
$3,211,096
$0 |
$5,574,758 |
| 21 |
$9,225,216 |
$3,373,660
$0 |
$5,851,556 |
| 22 |
$9,686,523 |
$3,544,344
$0 |
$6,142,179 |
| 23 |
$10,170,699 |
$3,723,489
$0 |
$6,447,210 |
| 24 |
$10,679,361 |
$3,911,694
$0 |
$6,767,667 |
| 25 |
$11,213,202 |
$4,109,215
$0 |
$7,103,987 |
| 26 |
$11,774,070 |
$4,316,736
$0 |
$7,457,334 |
| 27 |
$12,362,658 |
$4,534,514
$0 |
$7,828,144 |
| 28 |
$12,980,814 |
$4,763,232
$0 |
$8,217,582 |
| 29 |
$13,629,924 |
$5,003,402
$0 |
$8,626,522 |
| 30 |
$14,311,374 |
$5,255,539
$0 |
$9,055,835 |
|
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