The jackpot for the Powerball draw on Wed Jun 10, 2026, is projected to be $238 Million, with an option for a cash payout of $106.1 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 Wed Jun 10, 2026 |
|---|
| Draw Date | Wed Jun 10, 2026 | | Projected Jackpot | $238,000,000 | | Cash Value | $106,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $106,100,000 | | Federal Tax(24%) | $25,464,000 | | Additional Federal Tax | $13,753,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $66,882,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,582,138 |
$1,285,721
$0 |
$2,296,417 |
| 2 |
$3,761,352 |
$1,352,031
$0 |
$2,409,321 |
| 3 |
$3,949,372 |
$1,421,598
$0 |
$2,527,774 |
| 4 |
$4,146,912 |
$1,494,688
$0 |
$2,652,224 |
| 5 |
$4,354,210 |
$1,571,388
$0 |
$2,782,822 |
| 6 |
$4,571,980 |
$1,651,963
$0 |
$2,920,017 |
| 7 |
$4,800,460 |
$1,736,501
$0 |
$3,063,959 |
| 8 |
$5,040,602 |
$1,825,353
$0 |
$3,215,249 |
| 9 |
$5,292,644 |
$1,918,609
$0 |
$3,374,035 |
| 10 |
$5,557,300 |
$2,016,531
$0 |
$3,540,769 |
| 11 |
$5,835,046 |
$2,119,297
$0 |
$3,715,749 |
| 12 |
$6,126,834 |
$2,227,259
$0 |
$3,899,575 |
| 13 |
$6,433,140 |
$2,340,592
$0 |
$4,092,548 |
| 14 |
$6,754,916 |
$2,459,649
$0 |
$4,295,267 |
| 15 |
$7,092,638 |
$2,584,606
$0 |
$4,508,032 |
| 16 |
$7,447,258 |
$2,715,816
$0 |
$4,731,442 |
| 17 |
$7,819,490 |
$2,853,542
$0 |
$4,965,948 |
| 18 |
$8,210,524 |
$2,998,224
$0 |
$5,212,300 |
| 19 |
$8,621,074 |
$3,150,128
$0 |
$5,470,946 |
| 20 |
$9,052,092 |
$3,309,604
$0 |
$5,742,488 |
| 21 |
$9,504,768 |
$3,477,095
$0 |
$6,027,673 |
| 22 |
$9,980,054 |
$3,652,950
$0 |
$6,327,104 |
| 23 |
$10,478,902 |
$3,837,524
$0 |
$6,641,378 |
| 24 |
$11,002,978 |
$4,031,432
$0 |
$6,971,546 |
| 25 |
$11,552,996 |
$4,234,939
$0 |
$7,318,057 |
| 26 |
$12,130,860 |
$4,448,749
$0 |
$7,682,111 |
| 27 |
$12,737,284 |
$4,673,125
$0 |
$8,064,159 |
| 28 |
$13,374,172 |
$4,908,774
$0 |
$8,465,398 |
| 29 |
$14,042,952 |
$5,156,223
$0 |
$8,886,729 |
| 30 |
$14,745,052 |
$5,416,000
$0 |
$9,329,052 |
|
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