Jackpot Triple Play Jackpot Analysis
Jackpot Triple Play offers a top prize that starts at $250,000 and can roll until a maximum of $2 million. You can use the jackpot analysis below to find out exactly what the current prize would be worth after tax, whether you take the annuity option or the lump sum.
Current Jackpot Analysis
You can see the current jackpot below, along with the total value of the annuity payments and the one-time cash option. Although lottery winnings are not taxed at state level in Florida, federal taxes are withheld on all prizes above $5,000.
We've detected you're in Ohio so we've automatically applied the applicable state tax in the table below. If desired, you can change this value using the drop-down box.
| Jackpot Type | Annuity | Cash Lump Sum |
|---|---|---|
| Initial Advertised Value | $375,000.00 | $150,000.00 |
| Federal Tax: | -$90,000.00 | -$36,000.00 |
| State Tax: | -$15,000.00 | -$6,000.00 |
| Final Total* | $270,000.00 | $108,000.00 |
* Please Note: In addition to federal and state tax, some cities and counties may also levy an additional local income tax, which will be applied on top of all other tax. Check with your local authority to see if this applies to you.
Jackpot Triple Play Annuity Calculation Table
Jackpot Triple Play's top prize shows you the amount you would take home over 25 years, subject to taxes. The table below shows how much you would receive each year if you took up this option. The cash option is the amount that is available on the day of the draw, that would be required to fund the advertised jackpot. If you wish to take the cash option, you must claim it within 60 days of the draw date.
| Year | Gross Annuity Value | Federal Tax (24%) | State Tax (4%) | Net Total |
|---|---|---|---|---|
| 1 | $5,644.29 | -$1,354.63 | -$225.77 | $4,063.89 |
| 2 | $5,926.50 | -$1,422.36 | -$237.06 | $4,267.08 |
| 3 | $6,222.83 | -$1,493.48 | -$248.91 | $4,480.44 |
| 4 | $6,533.97 | -$1,568.15 | -$261.36 | $4,704.46 |
| 5 | $6,860.67 | -$1,646.56 | -$274.43 | $4,939.68 |
| 6 | $7,203.70 | -$1,728.89 | -$288.15 | $5,186.66 |
| 7 | $7,563.89 | -$1,815.33 | -$302.56 | $5,446.00 |
| 8 | $7,942.08 | -$1,906.10 | -$317.68 | $5,718.30 |
| 9 | $8,339.18 | -$2,001.40 | -$333.57 | $6,004.21 |
| 10 | $8,756.14 | -$2,101.47 | -$350.25 | $6,304.42 |
| 11 | $9,193.95 | -$2,206.55 | -$367.76 | $6,619.64 |
| 12 | $9,653.65 | -$2,316.88 | -$386.15 | $6,950.63 |
| 13 | $10,136.33 | -$2,432.72 | -$405.45 | $7,298.16 |
| 14 | $10,643.15 | -$2,554.36 | -$425.73 | $7,663.07 |
| 15 | $11,175.30 | -$2,682.07 | -$447.01 | $8,046.22 |
| 16 | $11,734.07 | -$2,816.18 | -$469.36 | $8,448.53 |
| 17 | $12,320.77 | -$2,956.99 | -$492.83 | $8,870.96 |
| 18 | $12,936.81 | -$3,104.83 | -$517.47 | $9,314.50 |
| 19 | $13,583.65 | -$3,260.08 | -$543.35 | $9,780.23 |
| 20 | $14,262.84 | -$3,423.08 | -$570.51 | $10,269.24 |
| 21 | $14,975.98 | -$3,594.23 | -$599.04 | $10,782.70 |
| 22 | $15,724.78 | -$3,773.95 | -$628.99 | $11,321.84 |
| 23 | $16,511.01 | -$3,962.64 | -$660.44 | $11,887.93 |
| 24 | $17,336.57 | -$4,160.78 | -$693.46 | $12,482.33 |
| 25 | $18,203.39 | -$4,368.81 | -$728.14 | $13,106.44 |
| 26 | $19,113.56 | -$4,587.26 | -$764.54 | $13,761.77 |
| 27 | $20,069.24 | -$4,816.62 | -$802.77 | $14,449.85 |
| 28 | $21,072.70 | -$5,057.45 | -$842.91 | $15,172.35 |
| 29 | $22,126.34 | -$5,310.32 | -$885.05 | $15,930.96 |
| 30 | $23,232.66 | -$5,575.84 | -$929.31 | $16,727.51 |
| TOTALS | $375,000.00 | -$90,000.00 | -$15,000.00 | $270,000.00 |