Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 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 Sat Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(3.07%)	$2,366,970
Net Lumpsum Payment	$46,245,700

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$77,627	$1,555,040
2	$2,655,072	-$942,707 -$81,511	$1,630,854
3	$2,787,792	-$991,813 -$85,585	$1,710,394
4	$2,927,232	-$1,043,406 -$89,866	$1,793,960
5	$3,073,560	-$1,097,548 -$94,358	$1,881,654
6	$3,227,280	-$1,154,424 -$99,077	$1,973,779
7	$3,388,560	-$1,214,098 -$104,029	$2,070,433
8	$3,558,072	-$1,276,817 -$109,233	$2,172,022
9	$3,735,984	-$1,342,644 -$114,695	$2,278,645
10	$3,922,800	-$1,411,766 -$120,430	$2,390,604
11	$4,118,856	-$1,484,307 -$126,449	$2,508,100
12	$4,324,824	-$1,560,515 -$132,772	$2,631,537
13	$4,541,040	-$1,640,515 -$139,410	$2,761,115
14	$4,768,176	-$1,724,556 -$146,383	$2,897,237
15	$5,006,568	-$1,812,761 -$153,702	$3,040,105
16	$5,256,888	-$1,905,379 -$161,386	$3,190,123
17	$5,519,640	-$2,002,597 -$169,453	$3,347,590
18	$5,795,664	-$2,104,726 -$177,927	$3,513,011
19	$6,085,464	-$2,211,952 -$186,824	$3,686,688
20	$6,389,712	-$2,324,524 -$196,164	$3,869,024
21	$6,709,248	-$2,442,752 -$205,974	$4,060,522
22	$7,044,744	-$2,566,886 -$216,274	$4,261,584
23	$7,396,872	-$2,697,173 -$227,084	$4,472,615
24	$7,766,808	-$2,834,049 -$238,441	$4,694,318
25	$8,155,056	-$2,977,701 -$250,360	$4,926,995
26	$8,562,960	-$3,128,626 -$262,883	$5,171,451
27	$8,991,024	-$3,287,009 -$276,024	$5,427,991
28	$9,440,592	-$3,453,349 -$289,826	$5,697,417
29	$9,912,672	-$3,628,019 -$304,319	$5,980,334
30	$10,408,272	-$3,811,391 -$319,534	$6,277,347