Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 7, 2025 is estimated to be $203 Million, with a cash option of 92.5 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 Jul 7, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 7, 2025	$203,000,000	$92,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$92,500,000
Federal Tax(24%)	$22,200,000
Additional Federal Tax	$11,985,330
State Tax(3.07%)	$2,839,750
Net Lumpsum Payment	$55,474,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,055,353	-$1,090,811 -$93,799	$1,870,743
2	$3,208,212	-$1,147,369 -$98,492	$1,962,351
3	$3,368,582	-$1,206,706 -$103,415	$2,058,461
4	$3,537,072	-$1,269,047 -$108,588	$2,159,437
5	$3,713,885	-$1,334,468 -$114,016	$2,265,401
6	$3,899,630	-$1,403,193 -$119,719	$2,376,718
7	$4,094,510	-$1,475,299 -$125,701	$2,493,510
8	$4,299,337	-$1,551,085 -$131,990	$2,616,262
9	$4,514,314	-$1,630,627 -$138,589	$2,745,098
10	$4,740,050	-$1,714,149 -$145,520	$2,880,381
11	$4,976,951	-$1,801,802 -$152,792	$3,022,357
12	$5,225,829	-$1,893,887 -$160,433	$3,171,509
13	$5,487,090	-$1,990,554 -$168,454	$3,328,082
14	$5,761,546	-$2,092,102 -$176,879	$3,492,565
15	$6,049,603	-$2,198,683 -$185,723	$3,665,197
16	$6,352,073	-$2,310,597 -$195,009	$3,846,467
17	$6,669,565	-$2,428,069 -$204,756	$4,036,740
18	$7,003,094	-$2,551,475 -$214,995	$4,236,624
19	$7,353,269	-$2,681,040 -$225,745	$4,446,484
20	$7,720,902	-$2,817,064 -$237,032	$4,666,806
21	$8,107,008	-$2,959,923 -$248,885	$4,898,200
22	$8,512,399	-$3,109,918 -$261,331	$5,141,150
23	$8,937,887	-$3,267,349 -$274,393	$5,396,145
24	$9,384,893	-$3,432,741 -$288,116	$5,664,036
25	$9,854,026	-$3,606,320 -$302,519	$5,945,187
26	$10,346,910	-$3,788,687 -$317,650	$6,240,573
27	$10,864,154	-$3,980,067 -$333,530	$6,550,557
28	$11,407,382	-$4,181,062 -$350,207	$6,876,113
29	$11,977,812	-$4,392,121 -$367,719	$7,217,972
30	$12,576,662	-$4,613,695 -$386,104	$7,576,863