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
Cash Option: $92.5 Million
Next Draw: Mon Jul 7
Powerball
Sat Jul 5, 2025
012834505808

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