Overview
- The drawing is scheduled just before 11 p.m. ET at the Florida Lottery studio in Tallahassee.
- Odds of winning the jackpot are 1 in 292.2 million, and tickets cost $2 per play.
- The advertised $930 million is a 30‑year annuity estimate, while the lump‑sum cash option is $429 million before taxes.
- The IRS withholds 24% on prizes over $5,000, cutting the cash option to about $326 million, with total federal tax near 37% leaving roughly $283.6 million.
- State taxes vary by jurisdiction, with no state tax on lottery winnings in California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.