The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in Florida, the bright side is you won't have to pay any state taxes on your lottery prize.
| Florida Powerball Jackpot/Cash Option for Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $46,785,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$0 |
$1,575,775 |
| 2 |
$2,560,248 |
$907,622
$0 |
$1,652,626 |
| 3 |
$2,688,228 |
$954,975
$0 |
$1,733,253 |
| 4 |
$2,822,688 |
$1,004,725
$0 |
$1,817,963 |
| 5 |
$2,963,790 |
$1,056,933
$0 |
$1,906,857 |
| 6 |
$3,112,020 |
$1,111,778
$0 |
$2,000,242 |
| 7 |
$3,267,540 |
$1,169,320
$0 |
$2,098,220 |
| 8 |
$3,430,998 |
$1,229,800
$0 |
$2,201,198 |
| 9 |
$3,602,556 |
$1,293,276
$0 |
$2,309,280 |
| 10 |
$3,782,700 |
$1,359,929
$0 |
$2,422,771 |
| 11 |
$3,971,754 |
$1,429,879
$0 |
$2,541,875 |
| 12 |
$4,170,366 |
$1,503,366
$0 |
$2,667,000 |
| 13 |
$4,378,860 |
$1,580,509
$0 |
$2,798,351 |
| 14 |
$4,597,884 |
$1,661,547
$0 |
$2,936,337 |
| 15 |
$4,827,762 |
$1,746,602
$0 |
$3,081,160 |
| 16 |
$5,069,142 |
$1,835,913
$0 |
$3,233,229 |
| 17 |
$5,322,510 |
$1,929,659
$0 |
$3,392,851 |
| 18 |
$5,588,676 |
$2,028,141
$0 |
$3,560,535 |
| 19 |
$5,868,126 |
$2,131,537
$0 |
$3,736,589 |
| 20 |
$6,161,508 |
$2,240,088
$0 |
$3,921,420 |
| 21 |
$6,469,632 |
$2,354,094
$0 |
$4,115,538 |
| 22 |
$6,793,146 |
$2,473,794
$0 |
$4,319,352 |
| 23 |
$7,132,698 |
$2,599,429
$0 |
$4,533,269 |
| 24 |
$7,489,422 |
$2,731,417
$0 |
$4,758,005 |
| 25 |
$7,863,804 |
$2,869,938
$0 |
$4,993,866 |
| 26 |
$8,257,140 |
$3,015,472
$0 |
$5,241,668 |
| 27 |
$8,669,916 |
$3,168,199
$0 |
$5,501,717 |
| 28 |
$9,103,428 |
$3,328,599
$0 |
$5,774,829 |
| 29 |
$9,558,648 |
$3,497,030
$0 |
$6,061,618 |
| 30 |
$10,036,548 |
$3,673,853
$0 |
$6,362,695 |
|
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