Florida Lottery

FLLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of Florida, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Florida Powerball Jackpot/Cash Option for Mon Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(0%)	$0
Net Lumpsum Payment	$121,944,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$0	$4,079,057
2	$6,732,504	-$2,451,357 -$0	$4,281,147
3	$7,069,044	-$2,575,877 -$0	$4,493,167
4	$7,422,624	-$2,706,701 -$0	$4,715,923
5	$7,793,670	-$2,843,988 -$0	$4,949,682
6	$8,183,460	-$2,988,211 -$0	$5,195,249
7	$8,592,420	-$3,139,526 -$0	$5,452,894
8	$9,022,254	-$3,298,564 -$0	$5,723,690
9	$9,473,388	-$3,465,484 -$0	$6,007,904
10	$9,947,100	-$3,640,757 -$0	$6,306,343
11	$10,444,242	-$3,824,700 -$0	$6,619,542
12	$10,966,518	-$4,017,942 -$0	$6,948,576
13	$11,514,780	-$4,220,799 -$0	$7,293,981
14	$12,090,732	-$4,433,901 -$0	$7,656,831
15	$12,695,226	-$4,657,564 -$0	$8,037,662
16	$13,329,966	-$4,892,418 -$0	$8,437,548
17	$13,996,230	-$5,138,935 -$0	$8,857,295
18	$14,696,148	-$5,397,905 -$0	$9,298,243
19	$15,430,998	-$5,669,800 -$0	$9,761,198
20	$16,202,484	-$5,955,249 -$0	$10,247,235
21	$17,012,736	-$6,255,043 -$0	$10,757,693
22	$17,863,458	-$6,569,810 -$0	$11,293,648
23	$18,756,354	-$6,900,181 -$0	$11,856,173
24	$19,694,406	-$7,247,261 -$0	$12,447,145
25	$20,678,892	-$7,611,520 -$0	$13,067,372
26	$21,713,220	-$7,994,222 -$0	$13,718,998
27	$22,798,668	-$8,395,838 -$0	$14,402,830
28	$23,938,644	-$8,817,629 -$0	$15,121,015
29	$25,135,704	-$9,260,541 -$0	$15,875,163
30	$26,392,404	-$9,725,520 -$0	$16,666,884