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Florida(FL) 32 Prize Analysis for Mon Jun 27, 2022
Updated: Friday, June 24th, 2022 12:24 AM The estimated jackpot for 32 on Mon Jun 27, 2022 is $15.2 million. The cash option is $0 million. The 32 prize analysis tells you how much you would get after state, local and federal tax withholdings. As legally required by the state of Florida, taxes are withheld on lottery winnings of $600.00 or more. For prizes over $5,000.00, US citizens and resident aliens with a social security number are subject to a 25% deduction to their prizes, which represents federal taxes. Luckily, lottery prizes are exempt from Florida state and local personal income taxes. For more information on taxes for lottery winnings in the state of Florida, click here.
- For the Cash Option in the amount of $0 million, the federal tax that must be withheld is $0.00. There is no state tax for lottery prizes. After all the taxes are paid, the winner gets a net lump-sum payment of $0.00.
- For the Annuity option in the amount of $15.2 million, the winner gets paid in 30 annual payments in the average amount of $506,666.67 per year. The average federal tax liability is $126,666.67 per year. There is no state tax liability for lottery prizes. The average net lump-sum payment after tax withholding is going to be $380,000.00 per year. Please Note: Powerball annuity payments are NOT allocated evenly by years. The payments increase annually in a 30 year period. Please see below for the detailed payment schedule.
For detailed information on Powerball Lottery Winning Taxes and Prizes Analysis, see the data listed below.
Florida(FL) 32 Prize Analysis for Mon Jun 27, 2022 |
Mon Jun 27, 2022
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Jackpot: $15.2 Million
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Cash: $0 Million
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Cash Option - $0 Million |
Gross Cash Payment | 25% Federal Withholding | 0% State Withholding | Lump-Sum Net Payment | $0.00 | -$0.00 | -$0.00 | $0.00 |
Annuity - $15.2 Million in 30 Annual Payments |
Yr |
Annual Gross Payment |
25% Federal Withholding |
0% State Withholding |
Annual Net Payment |
1 | $271,017.51 | -$67,754.38 | -$0.00 | $203,263.13 | 2 | $281,858.21 | -$70,464.55 | -$0.00 | $211,393.66 | 3 | $293,132.54 | -$73,283.13 | -$0.00 | $219,849.40 | 4 | $304,857.84 | -$76,214.46 | -$0.00 | $228,643.38 | 5 | $317,052.15 | -$79,263.04 | -$0.00 | $237,789.11 | 6 | $329,734.24 | -$82,433.56 | -$0.00 | $247,300.68 | 7 | $342,923.61 | -$85,730.90 | -$0.00 | $257,192.70 | 8 | $356,640.55 | -$89,160.14 | -$0.00 | $267,480.41 | 9 | $370,906.17 | -$92,726.54 | -$0.00 | $278,179.63 | 10 | $385,742.42 | -$96,435.60 | -$0.00 | $289,306.81 | 11 | $401,172.12 | -$100,293.03 | -$0.00 | $300,879.09 | 12 | $417,219.00 | -$104,304.75 | -$0.00 | $312,914.25 | 13 | $433,907.76 | -$108,476.94 | -$0.00 | $325,430.82 | 14 | $451,264.07 | -$112,816.02 | -$0.00 | $338,448.05 | 15 | $469,314.63 | -$117,328.66 | -$0.00 | $351,985.98 | 16 | $488,087.22 | -$122,021.80 | -$0.00 | $366,065.41 | 17 | $507,610.71 | -$126,902.68 | -$0.00 | $380,708.03 | 18 | $527,915.14 | -$131,978.78 | -$0.00 | $395,936.35 | 19 | $549,031.74 | -$137,257.94 | -$0.00 | $411,773.81 | 20 | $570,993.01 | -$142,748.25 | -$0.00 | $428,244.76 | 21 | $593,832.73 | -$148,458.18 | -$0.00 | $445,374.55 | 22 | $617,586.04 | -$154,396.51 | -$0.00 | $463,189.53 | 23 | $642,289.48 | -$160,572.37 | -$0.00 | $481,717.11 | 24 | $667,981.06 | -$166,995.27 | -$0.00 | $500,985.80 | 25 | $694,700.30 | -$173,675.08 | -$0.00 | $521,025.23 | 26 | $722,488.32 | -$180,622.08 | -$0.00 | $541,866.24 | 27 | $751,387.85 | -$187,846.96 | -$0.00 | $563,540.89 | 28 | $781,443.36 | -$195,360.84 | -$0.00 | $586,082.52 | 29 | $812,701.10 | -$203,175.27 | -$0.00 | $609,525.82 | 30 | $845,209.14 | -$211,302.29 | -$0.00 | $633,906.86 |
Other Prizes With More Than $5,000.00 |
5 White Ball | 25% Federal Withholding | 0% State Withholding | Net Payment | $1,000,000.00 | -$250,000.00 | -$0.00 | $750,000.00 | 5 White Ball with PowerPlay | 25% Federal Withholding | 0% State Withholding | Net Payment | $2,000,000.00 | -$500,000.00 | -$0.00 | $1,500,000.00 | 4 White Ball Powerball | 25% Federal Withholding | 0% State Withholding | Net Payment | $10,000.00 | -$2,500.00 | -$0.00 | $7,500.00 | 4 White Ball Powerball with PowerPlay | 25% Federal Withholding | 0% State Withholding | Net Payment | $40,000.00 | -$10,000.00 | -$0.00 | $30,000.00 |
Past Prize Analysis for 32- 32 Jackpot Analysis for Saturday, September 28th
- 32 Jackpot Analysis for Wednesday, September 25th
- 32 Jackpot Analysis for Monday, September 23rd
- 32 Jackpot Analysis for Saturday, September 21st
- 32 Jackpot Analysis for Wednesday, September 18th
- 32 Jackpot Analysis for Monday, September 16th
- 32 Jackpot Analysis for Saturday, September 14th
- 32 Jackpot Analysis for Wednesday, September 11th
- 32 Jackpot Analysis for Monday, September 9th
- 32 Jackpot Analysis for Saturday, September 7th
More Prize Analysis for Florida(FL) 32
Florida Powerball |
SUN MON TUE WED THU FRI SAT |
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Next Draw: Sat Sep 28, 2024 $243,000,000 Change: +$20,000,000
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