Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 4, 2025 is estimated to be $426 Million, with a cash option of 193.5 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 Aug 4, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 4, 2025	$426,000,000	$193,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,500,000
Federal Tax(24%)	$46,440,000
Additional Federal Tax	$25,115,330
State Tax(3.07%)	$5,940,450
Net Lumpsum Payment	$116,004,220

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,411,726	-$2,332,669 -$196,840	$3,882,217
2	$6,732,504	-$2,451,357 -$206,688	$4,074,459
3	$7,069,044	-$2,575,877 -$217,020	$4,276,147
4	$7,422,624	-$2,706,701 -$227,875	$4,488,048
5	$7,793,670	-$2,843,988 -$239,266	$4,710,416
6	$8,183,460	-$2,988,211 -$251,232	$4,944,017
7	$8,592,420	-$3,139,526 -$263,787	$5,189,107
8	$9,022,254	-$3,298,564 -$276,983	$5,446,707
9	$9,473,388	-$3,465,484 -$290,833	$5,717,071
10	$9,947,100	-$3,640,757 -$305,376	$6,000,967
11	$10,444,242	-$3,824,700 -$320,638	$6,298,904
12	$10,966,518	-$4,017,942 -$336,672	$6,611,904
13	$11,514,780	-$4,220,799 -$353,504	$6,940,477
14	$12,090,732	-$4,433,901 -$371,185	$7,285,646
15	$12,695,226	-$4,657,564 -$389,743	$7,647,919
16	$13,329,966	-$4,892,418 -$409,230	$8,028,318
17	$13,996,230	-$5,138,935 -$429,684	$8,427,611
18	$14,696,148	-$5,397,905 -$451,172	$8,847,071
19	$15,430,998	-$5,669,800 -$473,732	$9,287,466
20	$16,202,484	-$5,955,249 -$497,416	$9,749,819
21	$17,012,736	-$6,255,043 -$522,291	$10,235,402
22	$17,863,458	-$6,569,810 -$548,408	$10,745,240
23	$18,756,354	-$6,900,181 -$575,820	$11,280,353
24	$19,694,406	-$7,247,261 -$604,618	$11,842,527
25	$20,678,892	-$7,611,520 -$634,842	$12,432,530
26	$21,713,220	-$7,994,222 -$666,596	$13,052,402
27	$22,798,668	-$8,395,838 -$699,919	$13,702,911
28	$23,938,644	-$8,817,629 -$734,916	$14,386,099
29	$25,135,704	-$9,260,541 -$771,666	$15,103,497
30	$26,392,404	-$9,725,520 -$810,247	$15,856,637