Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 2, 2025 is estimated to be $410 Million, with a cash option of 184.9 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 Oklahoma, your state will take 4.75% 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.

Oklahoma Powerball Jackpot/Cash Option for Sat Aug 2, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 2, 2025	$410,000,000	$184,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$184,900,000
Federal Tax(24%)	$44,376,000
Additional Federal Tax	$23,997,330
State Tax(4.75%)	$8,782,750
Net Lumpsum Payment	$107,743,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,170,910	-$2,243,567 -$293,118	$3,634,225
2	$6,479,640	-$2,357,797 -$307,783	$3,814,060
3	$6,803,540	-$2,477,640 -$323,168	$4,002,732
4	$7,143,840	-$2,603,551 -$339,332	$4,200,957
5	$7,500,950	-$2,735,682 -$356,295	$4,408,973
6	$7,876,100	-$2,874,487 -$374,115	$4,627,498
7	$8,269,700	-$3,020,119 -$392,811	$4,856,770
8	$8,683,390	-$3,173,185 -$412,461	$5,097,744
9	$9,117,580	-$3,333,835 -$433,085	$5,350,660
10	$9,573,500	-$3,502,525 -$454,741	$5,616,234
11	$10,051,970	-$3,679,559 -$477,469	$5,894,942
12	$10,554,630	-$3,865,543 -$501,345	$6,187,742
13	$11,082,300	-$4,060,781 -$526,409	$6,495,110
14	$11,636,620	-$4,265,880 -$552,739	$6,818,001
15	$12,218,410	-$4,481,142 -$580,374	$7,156,894
16	$12,829,310	-$4,707,175 -$609,392	$7,512,743
17	$13,470,550	-$4,944,434 -$639,851	$7,886,265
18	$14,144,180	-$5,193,677 -$671,849	$8,278,654
19	$14,851,430	-$5,455,359 -$705,443	$8,690,628
20	$15,593,940	-$5,730,088 -$740,712	$9,123,140
21	$16,373,760	-$6,018,622 -$777,754	$9,577,384
22	$17,192,530	-$6,321,566 -$816,645	$10,054,319
23	$18,051,890	-$6,639,530 -$857,465	$10,554,895
24	$18,954,710	-$6,973,573 -$900,349	$11,080,788
25	$19,902,220	-$7,324,152 -$945,355	$11,632,713
26	$20,897,700	-$7,692,479 -$992,641	$12,212,580
27	$21,942,380	-$8,079,011 -$1,042,263	$12,821,106
28	$23,039,540	-$8,484,960 -$1,094,378	$13,460,202
29	$24,191,640	-$8,911,237 -$1,149,103	$14,131,300
30	$25,401,140	-$9,358,752 -$1,206,554	$14,835,834