Florida Lottery

FLLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 27, 2025 is estimated to be $815 Million, with a cash option of 367.9 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 Wed Aug 27, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 27, 2025	$815,000,000	$367,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$367,900,000
Federal Tax(24%)	$88,296,000
Additional Federal Tax	$47,787,330
State Tax(0%)	$0
Net Lumpsum Payment	$231,816,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$12,266,565	-$4,498,959 -$0	$7,767,606
2	$12,880,260	-$4,726,027 -$0	$8,154,233
3	$13,524,110	-$4,964,251 -$0	$8,559,859
4	$14,200,560	-$5,214,538 -$0	$8,986,022
5	$14,910,425	-$5,477,188 -$0	$9,433,237
6	$15,656,150	-$5,753,106 -$0	$9,903,044
7	$16,438,550	-$6,042,594 -$0	$10,395,956
8	$17,260,885	-$6,346,858 -$0	$10,914,027
9	$18,123,970	-$6,666,199 -$0	$11,457,771
10	$19,030,250	-$7,001,523 -$0	$12,028,727
11	$19,981,355	-$7,353,432 -$0	$12,627,923
12	$20,980,545	-$7,723,132 -$0	$13,257,413
13	$22,029,450	-$8,111,227 -$0	$13,918,223
14	$23,131,330	-$8,518,922 -$0	$14,612,408
15	$24,287,815	-$8,946,822 -$0	$15,340,993
16	$25,502,165	-$9,396,131 -$0	$16,106,034
17	$26,776,825	-$9,867,756 -$0	$16,909,069
18	$28,115,870	-$10,363,202 -$0	$17,752,668
19	$29,521,745	-$10,883,376 -$0	$18,638,369
20	$30,997,710	-$11,429,483 -$0	$19,568,227
21	$32,547,840	-$12,003,031 -$0	$20,544,809
22	$34,175,395	-$12,605,227 -$0	$21,570,168
23	$35,883,635	-$13,237,275 -$0	$22,646,360
24	$37,678,265	-$13,901,288 -$0	$23,776,977
25	$39,561,730	-$14,598,170 -$0	$24,963,560
26	$41,540,550	-$15,330,334 -$0	$26,210,216
27	$43,617,170	-$16,098,683 -$0	$27,518,487
28	$45,798,110	-$16,905,631 -$0	$28,892,479
29	$48,088,260	-$17,752,987 -$0	$30,335,273
30	$50,492,510	-$18,642,559 -$0	$31,849,951