Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 16, 2025 is estimated to be $90 Million, with a cash option of 40.7 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Oklahoma, your state will take 4.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Oklahoma Powerball Jackpot/Cash Option for Mon Jun 16, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 16, 2025	$90,000,000	$40,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$40,700,000
Federal Tax(24%)	$9,768,000
Additional Federal Tax	$5,251,330
State Tax(4.75%)	$1,933,250
Net Lumpsum Payment	$23,747,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$64,343	$828,718
2	$1,422,360	-$486,604 -$67,562	$868,194
3	$1,493,460	-$512,911 -$70,939	$909,610
4	$1,568,160	-$540,550 -$74,488	$953,122
5	$1,646,550	-$569,554 -$78,211	$998,785
6	$1,728,900	-$600,023 -$82,123	$1,046,754
7	$1,815,300	-$631,991 -$86,227	$1,097,082
8	$1,906,110	-$665,591 -$90,540	$1,149,979
9	$2,001,420	-$700,856 -$95,067	$1,205,497
10	$2,101,500	-$737,885 -$99,821	$1,263,794
11	$2,206,530	-$776,746 -$104,810	$1,324,974
12	$2,316,870	-$817,572 -$110,051	$1,389,247
13	$2,432,700	-$860,429 -$115,553	$1,456,718
14	$2,554,380	-$905,451 -$121,333	$1,527,596
15	$2,682,090	-$952,704 -$127,399	$1,601,987
16	$2,816,190	-$1,002,321 -$133,769	$1,680,100
17	$2,956,950	-$1,054,402 -$140,455	$1,762,093
18	$3,104,820	-$1,109,114 -$147,479	$1,848,227
19	$3,260,070	-$1,166,556 -$154,853	$1,938,661
20	$3,423,060	-$1,226,863 -$162,595	$2,033,602
21	$3,594,240	-$1,290,199 -$170,726	$2,133,315
22	$3,773,970	-$1,356,699 -$179,264	$2,238,007
23	$3,962,610	-$1,426,496 -$188,224	$2,347,890
24	$4,160,790	-$1,499,823 -$197,638	$2,463,329
25	$4,368,780	-$1,576,779 -$207,517	$2,584,484
26	$4,587,300	-$1,657,631 -$217,897	$2,711,772
27	$4,816,620	-$1,742,480 -$228,789	$2,845,351
28	$5,057,460	-$1,831,591 -$240,229	$2,985,640
29	$5,310,360	-$1,925,164 -$252,242	$3,132,954
30	$5,575,860	-$2,023,399 -$264,853	$3,287,608