For example, if you live in Florida, which has no state tax, the tool calculates that you would take home: Annuity payout (after taxes): $1,091,090,046Ī has you choose your state, enter the estimated jackpot value and lets you see the payout amount for both the lump sum option and the annuity option.(Figures below are based on filing single in Florida) Omni Calculator breaks down what your payout amount will be for both the lump sum option and the annuity option, depending on what state you reside in and your filing status. So if you happen to win, experts say you should consult with a financial advisor.) LOTTERY PAYOUT CALCULATORS (NOTE: The accuracy of the online calculators may not be fully in line with what you actually end up with. In case you want to start calculating your potential take-home dollars now, we've tracked down some online lottery payout calculators for you to play with. Both advertised prize options are prior to federal and jurisdictional taxes,' the Powerball website stated. 'Jackpot winners may choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump-sum payment. Your winnings depend on whether you choose to take the lump sum payment or the annuity payout. RELATED: Winning Powerball ticket worth $2 million sold in Florida
