Powerball Results in Florida - What You Need to Know in 2023
The Basics of Powerball
Powerball is a popular lottery game played in the United States and other countries. In the US, it is one of the biggest lottery games with jackpots reaching into the hundreds of millions of dollars. Players choose five numbers from a set of 69 white balls and one number from a set of 26 red Powerballs. If all six of the numbers match, they win the jackpot. If there is more than one winner, the jackpot is shared.
Powerball Results in Florida
Powerball is played in 45 states, the District of Columbia, Puerto Rico and the US Virgin Islands. In Florida, the game is managed by the Florida Lottery. Drawings are held twice a week on Wednesdays and Saturdays at 10:59 PM Eastern Time. The numbers are posted on the Florida Lottery’s website shortly after the drawing.
How to Play Powerball in Florida
Playing Powerball in Florida is easy. Players can buy tickets at any authorized retailer or purchase tickets online. Tickets cost $2 each and players must select five numbers from 1 to 69 and one Powerball number from 1 to 26. Players can also choose the Power Play feature for an additional $1 per ticket. This feature multiplies non-jackpot prizes by 2, 3, 4, 5, or 10 times.
Claiming Powerball Prizes in Florida
Players have 180 days from the date of the drawing to claim their Powerball prizes. For prizes up to and including $600, players can claim their prize at any authorized retailer or at any of the Florida Lottery’s district offices located throughout the state. Prizes over $600 must be claimed at the lottery headquarters located in Tallahassee.
Taxes on Powerball Winnings in Florida
Lottery winnings in Florida are subject to both federal and state taxes. All lottery prizes over $5,000 are subject to a 24% federal withholding tax. In addition, Florida residents who win prizes over $600 must pay a 6% state tax. Non-residents and part-time residents are exempt from this tax.
Using a Trust to Claim Powerball Winnings in Florida
Winning a Powerball jackpot can be a life-changing experience. To protect their privacy and to help manage their winnings, many winners choose to form a trust to claim their prize. This can be done before or after the prize is claimed. Establishing a trust can help protect the winner’s identity and provide tax benefits.
Powerball Jackpots in Florida
The largest Powerball jackpot won in Florida so far was a $590.5 million jackpot won by 84-year-old Gloria Mackenzie in 2013. Since then, there have been several other jackpots won in the state, including a $450 million jackpot won by a group of 20 co-workers in 2016. The most recent jackpot won in Florida was a $282 million jackpot won by a single ticket holder in 2019.
What’s Next for Powerball Results in Florida?
Powerball continues to be one of the most popular lottery games in the US, and it’s no different in Florida. The state has seen some massive jackpots over the past few years, and with the odds of winning the jackpot currently at about 1 in 292 million, there is sure to be more big winners in the future.