Jackpot Analysis Florida Powerball

Jackpot Analysis for Florida Powerball
The jackpot for the Powerball draw on Sat Jul 19, 2025, is projected to be $288 Million, with an option for a cash payout of $130.6 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 19, 2025
Draw DateSat Jul 19, 2025
Projected Jackpot$288,000,000
Cash Value$130,600,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$130,600,000
Federal Tax(24%)$31,344,000
Additional Federal Tax$16,938,330
State Tax(0%)$0
Net Lumpsum Payment$82,317,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,334,688 $1,564,165
$0
$2,770,523
2 $4,551,552 $1,644,405
$0
$2,907,147
3 $4,779,072 $1,728,587
$0
$3,050,485
4 $5,018,112 $1,817,032
$0
$3,201,080
5 $5,268,960 $1,909,846
$0
$3,359,114
6 $5,532,480 $2,007,348
$0
$3,525,132
7 $5,808,960 $2,109,646
$0
$3,699,314
8 $6,099,552 $2,217,165
$0
$3,882,387
9 $6,404,544 $2,330,012
$0
$4,074,532
10 $6,724,800 $2,448,506
$0
$4,276,294
11 $7,060,896 $2,572,862
$0
$4,488,034
12 $7,413,984 $2,703,504
$0
$4,710,480
13 $7,784,640 $2,840,647
$0
$4,943,993
14 $8,174,016 $2,984,716
$0
$5,189,300
15 $8,582,688 $3,135,925
$0
$5,446,763
16 $9,011,808 $3,294,699
$0
$5,717,109
17 $9,462,240 $3,461,359
$0
$6,000,881
18 $9,935,424 $3,636,437
$0
$6,298,987
19 $10,432,224 $3,820,253
$0
$6,611,971
20 $10,953,792 $4,013,233
$0
$6,940,559
21 $11,501,568 $4,215,911
$0
$7,285,657
22 $12,076,704 $4,428,711
$0
$7,647,993
23 $12,680,352 $4,652,061
$0
$8,028,291
24 $13,314,528 $4,886,706
$0
$8,427,822
25 $13,980,096 $5,132,966
$0
$8,847,130
26 $14,679,360 $5,391,694
$0
$9,287,666
27 $15,413,184 $5,663,208
$0
$9,749,976
28 $16,183,872 $5,948,363
$0
$10,235,509
29 $16,993,152 $6,247,797
$0
$10,745,355
30 $17,842,752 $6,562,149
$0
$11,280,603