Florida Lottery

FLLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jul 19, 2025 is estimated to be $288 Million, with a cash option of 130.6 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 Sat Jul 19, 2025

Draw Date Jackpot Cash Option
Sat Jul 19, 2025$288,000,000$130,600,000

Lumpsum Option Taxes and Payment

Category Amount
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

Year Gross Payment Fed/State Tax 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
2
8
8
Cash Option: $130.6 Million
Next Draw: Sat Jul 19
Powerball
Wed Jul 16, 2025
042143484922

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