Florida Lottery

FLLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 28, 2025 is estimated to be $155 Million, with a cash option of 69.8 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 Jun 28, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 28, 2025	$155,000,000	$69,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$69,800,000
Federal Tax(24%)	$16,752,000
Additional Federal Tax	$9,034,330
State Tax(0%)	$0
Net Lumpsum Payment	$44,013,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,332,905	-$823,505 -$0	$1,509,400
2	$2,449,620	-$866,690 -$0	$1,582,930
3	$2,572,070	-$911,996 -$0	$1,660,074
4	$2,700,720	-$959,597 -$0	$1,741,123
5	$2,835,725	-$1,009,549 -$0	$1,826,176
6	$2,977,550	-$1,062,024 -$0	$1,915,526
7	$3,126,350	-$1,117,080 -$0	$2,009,270
8	$3,282,745	-$1,174,946 -$0	$2,107,799
9	$3,446,890	-$1,235,680 -$0	$2,211,210
10	$3,619,250	-$1,299,453 -$0	$2,319,797
11	$3,800,135	-$1,366,380 -$0	$2,433,755
12	$3,990,165	-$1,436,691 -$0	$2,553,474
13	$4,189,650	-$1,510,501 -$0	$2,679,149
14	$4,399,210	-$1,588,038 -$0	$2,811,172
15	$4,619,155	-$1,669,418 -$0	$2,949,737
16	$4,850,105	-$1,754,869 -$0	$3,095,236
17	$5,092,525	-$1,844,565 -$0	$3,247,960
18	$5,347,190	-$1,938,791 -$0	$3,408,399
19	$5,614,565	-$2,037,719 -$0	$3,576,846
20	$5,895,270	-$2,141,580 -$0	$3,753,690
21	$6,190,080	-$2,250,660 -$0	$3,939,420
22	$6,499,615	-$2,365,188 -$0	$4,134,427
23	$6,824,495	-$2,485,394 -$0	$4,339,101
24	$7,165,805	-$2,611,678 -$0	$4,554,127
25	$7,524,010	-$2,744,214 -$0	$4,779,796
26	$7,900,350	-$2,883,460 -$0	$5,016,890
27	$8,295,290	-$3,029,588 -$0	$5,265,702
28	$8,710,070	-$3,183,056 -$0	$5,527,014
29	$9,145,620	-$3,344,210 -$0	$5,801,410
30	$9,602,870	-$3,513,392 -$0	$6,089,478