TAMPA, Fla. (WFLA) — The Powerball jackpot is nearing $2 billion. The next drawing is coming on Nov. 7, meaning numbers are still in play for who might take the prize home. 23 people have gotten close to winning, with a four-out-of-five match.
According to the Florida Lottery, Saturday’s draw had a 3X multiplier and the winning numbers were: 28, 45, 53, 56, 69, and a Powerball of 20.
The jackpot is also a new record for Powerball, beating out 2016’s $1.586 billion prize.
With a jackpot of $1.9 billion, according to Florida Lottery, the take-home cash prize for Monday’s draw is $929.1 million, according to Powerball.
If you’re a Florida resident and lucky enough to win, you can either cash out at $585.3 million in a lump sum or take home $1.2 billion after federal taxes with the annuity option, according to USAMega.com, a site that calculates potential lottery wins.
Spreading out the winnings over 30 years means you’ll get about $40 million every year as a Florida resident. While everyone pays federal income taxes, Florida does not have a state income tax. In the United States, any income over $500,000 is taxed at 37%.
Winning the lottery is a run for luck. However, in Florida, you’re still more likely to be bitten by an alligator or get audited by the Internal Revenue Service.
Here’s a breakdown by USAMega for annual payouts if you win the current Powerball jackpot.
| Year | Gross Payment | Federal Taxes | State Taxes | Net Payment |
|---|---|---|---|---|
| 1 | $28,597,727 | $10,544,114 | $0 | $18,053,613 |
| 2 | $30,027,613 | $11,073,172 | $0 | $18,954,441 |
| 3 | $31,528,993 | $11,628,683 | $0 | $19,900,311 |
| 4 | $33,105,444 | $12,211,969 | $0 | $20,893,475 |
| 5 | $34,760,715 | $12,824,419 | $0 | $21,936,295 |
| 6 | $36,498,751 | $13,467,493 | $0 | $23,031,258 |
| 7 | $38,323,690 | $14,142,720 | $0 | $24,180,970 |
| 8 | $40,239,874 | $14,851,708 | $0 | $25,388,166 |
| 9 | $42,251,868 | $15,596,146 | $0 | $26,655,722 |
| 10 | $44,364,460 | $16,377,805 | $0 | $27,986,655 |
| 11 | $46,582,684 | $17,198,548 | $0 | $29,384,136 |
| 12 | $48,911,818 | $18,060,328 | $0 | $30,851,490 |
| 13 | $51,357,409 | $18,965,196 | $0 | $32,392,212 |
| 14 | $53,925,279 | $19,915,308 | $0 | $34,009,971 |
| 15 | $56,621,543 | $20,912,926 | $0 | $35,708,617 |
| 16 | $59,452,621 | $21,960,425 | $0 | $37,492,196 |
| 17 | $62,425,251 | $23,060,298 | $0 | $39,364,953 |
| 18 | $65,546,514 | $24,215,165 | $0 | $41,331,349 |
| 19 | $68,823,839 | $25,427,775 | $0 | $43,396,063 |
| 20 | $72,265,031 | $26,701,017 | $0 | $45,564,015 |
| 21 | $75,878,282 | $28,037,919 | $0 | $47,840,363 |
| 22 | $79,672,197 | $29,441,668 | $0 | $50,230,529 |
| 23 | $83,655,807 | $30,915,604 | $0 | $52,740,203 |
| 24 | $87,838,596 | $32,463,236 | $0 | $55,375,360 |
| 25 | $92,230,526 | $34,088,250 | $0 | $58,142,276 |
| 26 | $96,842,054 | $35,794,515 | $0 | $61,047,539 |
| 27 | $101,684,156 | $37,586,093 | $0 | $64,098,063 |
| 28 | $106,768,363 | $39,467,249 | $0 | $67,301,113 |
| 29 | $112,106,781 | $41,442,464 | $0 | $70,664,317 |
| 30 | $117,712,121 | $43,516,440 | $0 | $74,195,681 |
| Total | $1,900,000,004 | $701,888,653 | $0 | $1,198,111,352 |
