The cash payout for the Powerball depends on the jackpot amount and the winners choice of payout option. There are two payout choices for the winner: a one-time lump sum "cash option" or 30 annuitized payments with a 5% yearly increase. The cash payout is the amount of money the winner would receive immediately, while the annuitized prize is paid out over a 30-year period.

According to USA Mega, the cash payout for the Powerball jackpot is $36,900,000. However, this amount can vary depending on the jackpot amount. For example, the cash value of the jackpot is about 52% of the total jackpot amount (before taxes) .

In the case of the $1.2 billion Powerball jackpot in October 2023, the lump sum payout was $551.7 million. However, the federal government immediately took $154,488,000 from that cash option (24%) . After federal taxes, the winner would end up with $181,603,045.

In summary, the cash payout for the Powerball depends on the jackpot amount and the winners choice of payout option. The cash payout for the $1.2 billion Powerball jackpot in October 2023 was $551.7 million, but after federal taxes, the winner would end up with $181,603,045.