Midday
![Pick-5-Midday Winning Numbers](/fllottery_imgs/Florida-Pick-5-Midday-85.png) |
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Midday
![Pick-4-Midday Winning Numbers](/fllottery_imgs/Florida-Pick-4-Midday-85.png) |
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Midday
![Pick-3-Midday Winning Numbers](/fllottery_imgs/Florida-Pick-3-Midday-85.png) |
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Midday
![Pick-2-Midday Winning Numbers](/fllottery_imgs/Florida-Pick-2-Midday-85.png) |
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Florida(FL) Powerball Prize Analysis for Mon Sep 09, 2024
Updated: Sunday, September 8th, 2024 12:06 AM The estimated jackpot for Powerball on Mon Sep 09, 2024 is $121 million. The cash option is $61 million. The Powerball 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 $61 million, the federal tax that must be withheld is $15,250,000.00. There is no state tax for lottery prizes. After all the taxes are paid, the winner gets a net lump-sum payment of $45,750,000.00.
- For the Annuity option in the amount of $121 million, the winner gets paid in 30 annual payments in the average amount of $4,033,333.33 per year. The average federal tax liability is $1,008,333.33 per year. There is no state tax liability for lottery prizes. The average net lump-sum payment after tax withholding is going to be $3,025,000.00 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) Powerball Prize Analysis for Mon Sep 09, 2024 |
Mon Sep 09, 2024
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Jackpot: $121 Million
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Cash: $61 Million
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Cash Option - $61 Million |
Gross Cash Payment | 25% Federal Withholding | 0% State Withholding | Lump-Sum Net Payment | $61,000,000.00 | -$15,250,000.00 | -$0.00 | $45,750,000.00 |
Annuity - $121 Million in 30 Annual Payments |
Yr |
Annual Gross Payment |
25% Federal Withholding |
0% State Withholding |
Annual Net Payment |
1 | $2,157,442.00 | -$539,360.50 | -$0.00 | $1,618,081.50 | 2 | $2,243,739.67 | -$560,934.92 | -$0.00 | $1,682,804.76 | 3 | $2,333,489.26 | -$583,372.32 | -$0.00 | $1,750,116.95 | 4 | $2,426,828.83 | -$606,707.21 | -$0.00 | $1,820,121.62 | 5 | $2,523,901.99 | -$630,975.50 | -$0.00 | $1,892,926.49 | 6 | $2,624,858.07 | -$656,214.52 | -$0.00 | $1,968,643.55 | 7 | $2,729,852.39 | -$682,463.10 | -$0.00 | $2,047,389.29 | 8 | $2,839,046.48 | -$709,761.62 | -$0.00 | $2,129,284.86 | 9 | $2,952,608.34 | -$738,152.09 | -$0.00 | $2,214,456.26 | 10 | $3,070,712.68 | -$767,678.17 | -$0.00 | $2,303,034.51 | 11 | $3,193,541.18 | -$798,385.30 | -$0.00 | $2,395,155.89 | 12 | $3,321,282.83 | -$830,320.71 | -$0.00 | $2,490,962.12 | 13 | $3,454,134.14 | -$863,533.54 | -$0.00 | $2,590,600.61 | 14 | $3,592,299.51 | -$898,074.88 | -$0.00 | $2,694,224.63 | 15 | $3,735,991.49 | -$933,997.87 | -$0.00 | $2,801,993.62 | 16 | $3,885,431.15 | -$971,357.79 | -$0.00 | $2,914,073.36 | 17 | $4,040,848.40 | -$1,010,212.10 | -$0.00 | $3,030,636.30 | 18 | $4,202,482.33 | -$1,050,620.58 | -$0.00 | $3,151,861.75 | 19 | $4,370,581.62 | -$1,092,645.41 | -$0.00 | $3,277,936.22 | 20 | $4,545,404.89 | -$1,136,351.22 | -$0.00 | $3,409,053.67 | 21 | $4,727,221.09 | -$1,181,805.27 | -$0.00 | $3,545,415.81 | 22 | $4,916,309.93 | -$1,229,077.48 | -$0.00 | $3,687,232.45 | 23 | $5,112,962.33 | -$1,278,240.58 | -$0.00 | $3,834,721.74 | 24 | $5,317,480.82 | -$1,329,370.20 | -$0.00 | $3,988,110.61 | 25 | $5,530,180.05 | -$1,382,545.01 | -$0.00 | $4,147,635.04 | 26 | $5,751,387.25 | -$1,437,846.81 | -$0.00 | $4,313,540.44 | 27 | $5,981,442.74 | -$1,495,360.69 | -$0.00 | $4,486,082.06 | 28 | $6,220,700.45 | -$1,555,175.11 | -$0.00 | $4,665,525.34 | 29 | $6,469,528.47 | -$1,617,382.12 | -$0.00 | $4,852,146.35 | 30 | $6,728,309.61 | -$1,682,077.40 | -$0.00 | $5,046,232.21 |
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 Powerball- Powerball Jackpot Analysis for Monday, September 9th
- Powerball Jackpot Analysis for Saturday, September 7th
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- Powerball Jackpot Analysis for Monday, September 2nd
- Powerball Jackpot Analysis for Saturday, August 31st
- Powerball Jackpot Analysis for Wednesday, August 28th
- Powerball Jackpot Analysis for Monday, August 26th
- Powerball Jackpot Analysis for Saturday, August 24th
- Powerball Jackpot Analysis for Wednesday, August 21st
- Powerball Jackpot Analysis for Monday, August 19th
More Prize Analysis for Florida(FL) Powerball
Florida Powerball |
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![Florida(FL) Powerball Winning Numbers for Sat Sep 7, 2024 are 14,34,37,55,63,20,2. The next draw date of Florida(FL) Powerball is Mon Sep 9, 2024. Florida(FL) Powerball Latest Drawing Results](/fllottery_imgs/Florida-Lottery-Powerball.png) Next Draw: Mon Sep 9, 2024 $121,000,000 Change: +$9,000,000
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