Florida Lottery

FLLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 30, 2026 is estimated to be $172 Million, with a cash option of 75.6 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 May 30, 2026

Draw Date	Jackpot	Cash Option
Sat May 30, 2026	$172,000,000	$75,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$75,600,000
Federal Tax(24%)	$18,144,000
Additional Federal Tax	$9,788,330
State Tax(0%)	$0
Net Lumpsum Payment	$47,667,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,588,772	-$918,176 -$0	$1,670,596
2	$2,718,288	-$966,097 -$0	$1,752,191
3	$2,854,168	-$1,016,373 -$0	$1,837,795
4	$2,996,928	-$1,069,194 -$0	$1,927,734
5	$3,146,740	-$1,124,624 -$0	$2,022,116
6	$3,304,120	-$1,182,855 -$0	$2,121,265
7	$3,469,240	-$1,243,949 -$0	$2,225,291
8	$3,642,788	-$1,308,162 -$0	$2,334,626
9	$3,824,936	-$1,375,557 -$0	$2,449,379
10	$4,016,200	-$1,446,324 -$0	$2,569,876
11	$4,216,924	-$1,520,592 -$0	$2,696,332
12	$4,427,796	-$1,598,615 -$0	$2,829,181
13	$4,649,160	-$1,680,520 -$0	$2,968,640
14	$4,881,704	-$1,766,561 -$0	$3,115,143
15	$5,125,772	-$1,856,866 -$0	$3,268,906
16	$5,382,052	-$1,951,690 -$0	$3,430,362
17	$5,651,060	-$2,051,223 -$0	$3,599,837
18	$5,933,656	-$2,155,783 -$0	$3,777,873
19	$6,230,356	-$2,265,562 -$0	$3,964,794
20	$6,541,848	-$2,380,814 -$0	$4,161,034
21	$6,868,992	-$2,501,857 -$0	$4,367,135
22	$7,212,476	-$2,628,947 -$0	$4,583,529
23	$7,572,988	-$2,762,336 -$0	$4,810,652
24	$7,951,732	-$2,902,471 -$0	$5,049,261
25	$8,349,224	-$3,049,543 -$0	$5,299,681
26	$8,766,840	-$3,204,061 -$0	$5,562,779
27	$9,205,096	-$3,366,216 -$0	$5,838,880
28	$9,665,368	-$3,536,517 -$0	$6,128,851
29	$10,148,688	-$3,715,345 -$0	$6,433,343
30	$10,656,088	-$3,903,083 -$0	$6,753,005