Information from the Associated Press was used in this report. In most places, a state tax also would dip into the lump sum, but not in Florida. The latter choice means 39.6 percent of the winnings would go straight to federal income taxes. For lower prizes, the increase just depends on the night.Ī winner has the option of receiving the $1.3 billion through annual payments over 29 years or taking one $806 million cash payment. If you're one of the $1 million winners but you purchased the Power Play, your winnings would double. Power Play is an added feature that costs an extra $1 and allows a winner to increase the original winnings, though the jackpot is excluded. By matching just the five white numbers, you can also win $1 million, available only in a lump sum. In a matter of weeks, the Powerball jackpot jumped from 20 million to 352 million. Powerball Power Play Level Winners Prize Winners Prize 5-of-5 + PB: 0: 352 Million-5-of-5: 0: 1,000,000.00. To win the jackpot, your ticket must match all five white numbers, in any order, and the Powerball number. All Draw game prizes must be claimed at a Florida Lottery retailer or Florida Lottery office on or before the 180th day after the winning drawing. When you purchase a Powerball ticket, you have five corresponding white numbers and one red number. Eastern Time every Wednesday and Saturday, five white balls marked with numbers are drawn from a drum of 69 and one red ball, called the Powerball, is pulled from a drum of 26.
