Pennsylvania Lottery

PALottery 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 Pennsylvania, your state will take 3.07% 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.

Pennsylvania 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(3.07%)	$1,249,490
Net Lumpsum Payment	$24,431,180

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$41,586	$851,475
2	$1,422,360	-$486,604 -$43,666	$892,090
3	$1,493,460	-$512,911 -$45,849	$934,700
4	$1,568,160	-$540,550 -$48,143	$979,467
5	$1,646,550	-$569,554 -$50,549	$1,026,447
6	$1,728,900	-$600,023 -$53,077	$1,075,800
7	$1,815,300	-$631,991 -$55,730	$1,127,579
8	$1,906,110	-$665,591 -$58,518	$1,182,001
9	$2,001,420	-$700,856 -$61,444	$1,239,120
10	$2,101,500	-$737,885 -$64,516	$1,299,099
11	$2,206,530	-$776,746 -$67,740	$1,362,044
12	$2,316,870	-$817,572 -$71,128	$1,428,170
13	$2,432,700	-$860,429 -$74,684	$1,497,587
14	$2,554,380	-$905,451 -$78,419	$1,570,510
15	$2,682,090	-$952,704 -$82,340	$1,647,046
16	$2,816,190	-$1,002,321 -$86,457	$1,727,412
17	$2,956,950	-$1,054,402 -$90,778	$1,811,770
18	$3,104,820	-$1,109,114 -$95,318	$1,900,388
19	$3,260,070	-$1,166,556 -$100,084	$1,993,430
20	$3,423,060	-$1,226,863 -$105,088	$2,091,109
21	$3,594,240	-$1,290,199 -$110,343	$2,193,698
22	$3,773,970	-$1,356,699 -$115,861	$2,301,410
23	$3,962,610	-$1,426,496 -$121,652	$2,414,462
24	$4,160,790	-$1,499,823 -$127,736	$2,533,231
25	$4,368,780	-$1,576,779 -$134,122	$2,657,879
26	$4,587,300	-$1,657,631 -$140,830	$2,788,839
27	$4,816,620	-$1,742,480 -$147,870	$2,926,270
28	$5,057,460	-$1,831,591 -$155,264	$3,070,605
29	$5,310,360	-$1,925,164 -$163,028	$3,222,168
30	$5,575,860	-$2,023,399 -$171,179	$3,381,282