Pennsylvania Lottery

PALottery 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 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 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(3.07%)	$4,829,110
Net Lumpsum Payment	$94,309,560

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$154,792	$3,061,391
2	$5,294,340	-$1,919,236 -$162,536	$3,212,568
3	$5,558,990	-$2,017,157 -$170,661	$3,371,172
4	$5,837,040	-$2,120,035 -$179,197	$3,537,808
5	$6,128,825	-$2,227,996 -$188,155	$3,712,674
6	$6,435,350	-$2,341,410 -$197,565	$3,896,375
7	$6,756,950	-$2,460,402 -$207,438	$4,089,110
8	$7,094,965	-$2,585,467 -$217,815	$4,291,683
9	$7,449,730	-$2,716,730 -$228,707	$4,504,293
10	$7,822,250	-$2,854,563 -$240,143	$4,727,544
11	$8,213,195	-$2,999,213 -$252,145	$4,961,837
12	$8,623,905	-$3,151,175 -$264,754	$5,207,976
13	$9,055,050	-$3,310,699 -$277,990	$5,466,361
14	$9,507,970	-$3,478,279 -$291,895	$5,737,796
15	$9,983,335	-$3,654,164 -$306,488	$6,022,683
16	$10,482,485	-$3,838,850 -$321,812	$6,321,823
17	$11,006,425	-$4,032,708 -$337,897	$6,635,820
18	$11,556,830	-$4,236,357 -$354,795	$6,965,678
19	$12,134,705	-$4,450,171 -$372,535	$7,311,999
20	$12,741,390	-$4,674,645 -$391,161	$7,675,584
21	$13,378,560	-$4,910,398 -$410,722	$8,057,440
22	$14,047,555	-$5,157,926 -$431,260	$8,458,369
23	$14,749,715	-$5,417,725 -$452,816	$8,879,174
24	$15,487,385	-$5,690,663 -$475,463	$9,321,259
25	$16,261,570	-$5,977,111 -$499,230	$9,785,229
26	$17,074,950	-$6,278,062 -$524,201	$10,272,687
27	$17,928,530	-$6,593,886 -$550,406	$10,784,238
28	$18,824,990	-$6,925,577 -$577,927	$11,321,486
29	$19,766,340	-$7,273,876 -$606,827	$11,885,637
30	$20,754,590	-$7,639,529 -$637,166	$12,477,895