The jackpot for the Powerball draw on Mon Nov 3, 2025, is projected to be $419 Million, with an option for a cash payout of $198 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 Nov 3, 2025 |
|---|
| Draw Date | Mon Nov 3, 2025 | | Projected Jackpot | $419,000,000 | | Cash Value | $198,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $198,000,000 | | Federal Tax(24%) | $47,520,000 | | Additional Federal Tax | $25,700,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $124,779,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,306,369 |
$2,293,687
$0 |
$4,012,682 |
| 2 |
$6,621,876 |
$2,410,425
$0 |
$4,211,451 |
| 3 |
$6,952,886 |
$2,532,898
$0 |
$4,419,988 |
| 4 |
$7,300,656 |
$2,661,573
$0 |
$4,639,083 |
| 5 |
$7,665,605 |
$2,796,604
$0 |
$4,869,001 |
| 6 |
$8,048,990 |
$2,938,457
$0 |
$5,110,533 |
| 7 |
$8,451,230 |
$3,087,285
$0 |
$5,363,945 |
| 8 |
$8,874,001 |
$3,243,711
$0 |
$5,630,290 |
| 9 |
$9,317,722 |
$3,407,888
$0 |
$5,909,834 |
| 10 |
$9,783,650 |
$3,580,281
$0 |
$6,203,369 |
| 11 |
$10,272,623 |
$3,761,201
$0 |
$6,511,422 |
| 12 |
$10,786,317 |
$3,951,268
$0 |
$6,835,049 |
| 13 |
$11,325,570 |
$4,150,791
$0 |
$7,174,779 |
| 14 |
$11,892,058 |
$4,360,392
$0 |
$7,531,666 |
| 15 |
$12,486,619 |
$4,580,379
$0 |
$7,906,240 |
| 16 |
$13,110,929 |
$4,811,374
$0 |
$8,299,555 |
| 17 |
$13,766,245 |
$5,053,841
$0 |
$8,712,404 |
| 18 |
$14,454,662 |
$5,308,555
$0 |
$9,146,107 |
| 19 |
$15,177,437 |
$5,575,982
$0 |
$9,601,455 |
| 20 |
$15,936,246 |
$5,856,741
$0 |
$10,079,505 |
| 21 |
$16,733,184 |
$6,151,608
$0 |
$10,581,576 |
| 22 |
$17,569,927 |
$6,461,203
$0 |
$11,108,724 |
| 23 |
$18,448,151 |
$6,786,146
$0 |
$11,662,005 |
| 24 |
$19,370,789 |
$7,127,522
$0 |
$12,243,267 |
| 25 |
$20,339,098 |
$7,485,797
$0 |
$12,853,301 |
| 26 |
$21,356,430 |
$7,862,209
$0 |
$13,494,221 |
| 27 |
$22,424,042 |
$8,257,226
$0 |
$14,166,816 |
| 28 |
$23,545,286 |
$8,672,086
$0 |
$14,873,200 |
| 29 |
$24,722,676 |
$9,107,721
$0 |
$15,614,955 |
| 30 |
$25,958,726 |
$9,565,059
$0 |
$16,393,667 |
|
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