Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(4.75%)	$7,471,750
Net Lumpsum Payment	$91,666,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$239,499	$2,976,684
2	$5,294,340	-$1,919,236 -$251,481	$3,123,623
3	$5,558,990	-$2,017,157 -$264,052	$3,277,781
4	$5,837,040	-$2,120,035 -$277,259	$3,439,746
5	$6,128,825	-$2,227,996 -$291,119	$3,609,710
6	$6,435,350	-$2,341,410 -$305,679	$3,788,261
7	$6,756,950	-$2,460,402 -$320,955	$3,975,593
8	$7,094,965	-$2,585,467 -$337,011	$4,172,487
9	$7,449,730	-$2,716,730 -$353,862	$4,379,138
10	$7,822,250	-$2,854,563 -$371,557	$4,596,130
11	$8,213,195	-$2,999,213 -$390,127	$4,823,855
12	$8,623,905	-$3,151,175 -$409,635	$5,063,095
13	$9,055,050	-$3,310,699 -$430,115	$5,314,236
14	$9,507,970	-$3,478,279 -$451,629	$5,578,062
15	$9,983,335	-$3,654,164 -$474,208	$5,854,963
16	$10,482,485	-$3,838,850 -$497,918	$6,145,717
17	$11,006,425	-$4,032,708 -$522,805	$6,450,912
18	$11,556,830	-$4,236,357 -$548,949	$6,771,524
19	$12,134,705	-$4,450,171 -$576,398	$7,108,136
20	$12,741,390	-$4,674,645 -$605,216	$7,461,529
21	$13,378,560	-$4,910,398 -$635,482	$7,832,680
22	$14,047,555	-$5,157,926 -$667,259	$8,222,370
23	$14,749,715	-$5,417,725 -$700,611	$8,631,379
24	$15,487,385	-$5,690,663 -$735,651	$9,061,071
25	$16,261,570	-$5,977,111 -$772,425	$9,512,034
26	$17,074,950	-$6,278,062 -$811,060	$9,985,828
27	$17,928,530	-$6,593,886 -$851,605	$10,483,039
28	$18,824,990	-$6,925,577 -$894,187	$11,005,226
29	$19,766,340	-$7,273,876 -$938,901	$11,553,563
30	$20,754,590	-$7,639,529 -$985,843	$12,129,218