Oklahoma Lottery

OKLottery 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 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 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(4.75%)	$3,662,250
Net Lumpsum Payment	$44,950,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$120,107	$1,512,560
2	$2,655,072	-$942,707 -$126,116	$1,586,249
3	$2,787,792	-$991,813 -$132,420	$1,663,559
4	$2,927,232	-$1,043,406 -$139,044	$1,744,782
5	$3,073,560	-$1,097,548 -$145,994	$1,830,018
6	$3,227,280	-$1,154,424 -$153,296	$1,919,560
7	$3,388,560	-$1,214,098 -$160,957	$2,013,505
8	$3,558,072	-$1,276,817 -$169,008	$2,112,247
9	$3,735,984	-$1,342,644 -$177,459	$2,215,881
10	$3,922,800	-$1,411,766 -$186,333	$2,324,701
11	$4,118,856	-$1,484,307 -$195,646	$2,438,903
12	$4,324,824	-$1,560,515 -$205,429	$2,558,880
13	$4,541,040	-$1,640,515 -$215,699	$2,684,826
14	$4,768,176	-$1,724,556 -$226,488	$2,817,132
15	$5,006,568	-$1,812,761 -$237,812	$2,955,995
16	$5,256,888	-$1,905,379 -$249,702	$3,101,807
17	$5,519,640	-$2,002,597 -$262,183	$3,254,860
18	$5,795,664	-$2,104,726 -$275,294	$3,415,644
19	$6,085,464	-$2,211,952 -$289,060	$3,584,452
20	$6,389,712	-$2,324,524 -$303,511	$3,761,677
21	$6,709,248	-$2,442,752 -$318,689	$3,947,807
22	$7,044,744	-$2,566,886 -$334,625	$4,143,233
23	$7,396,872	-$2,697,173 -$351,351	$4,348,348
24	$7,766,808	-$2,834,049 -$368,923	$4,563,836
25	$8,155,056	-$2,977,701 -$387,365	$4,789,990
26	$8,562,960	-$3,128,626 -$406,741	$5,027,593
27	$8,991,024	-$3,287,009 -$427,074	$5,276,941
28	$9,440,592	-$3,453,349 -$448,428	$5,538,815
29	$9,912,672	-$3,628,019 -$470,852	$5,813,801
30	$10,408,272	-$3,811,391 -$494,393	$6,102,488