Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 17, 2025 is estimated to be $123 Million, with a cash option of 55.9 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 May 17, 2025

Draw Date	Jackpot	Cash Option
Sat May 17, 2025	$123,000,000	$55,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,900,000
Federal Tax(24%)	$13,416,000
Additional Federal Tax	$7,227,330
State Tax(4.75%)	$2,655,250
Net Lumpsum Payment	$32,601,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,851,273	-$645,301 -$87,935	$1,118,037
2	$1,943,892	-$679,570 -$92,335	$1,171,987
3	$2,041,062	-$715,523 -$96,950	$1,228,589
4	$2,143,152	-$753,297 -$101,800	$1,288,055
5	$2,250,285	-$792,936 -$106,889	$1,350,460
6	$2,362,830	-$834,577 -$112,234	$1,416,019
7	$2,480,910	-$878,267 -$117,843	$1,484,800
8	$2,605,017	-$924,187 -$123,738	$1,557,092
9	$2,735,274	-$972,382 -$129,926	$1,632,966
10	$2,872,050	-$1,022,989 -$136,422	$1,712,639
11	$3,015,591	-$1,076,099 -$143,241	$1,796,251
12	$3,166,389	-$1,131,894 -$150,403	$1,884,092
13	$3,324,690	-$1,190,466 -$157,923	$1,976,301
14	$3,490,986	-$1,251,995 -$165,822	$2,073,169
15	$3,665,523	-$1,316,574 -$174,112	$2,174,837
16	$3,848,793	-$1,384,384 -$182,818	$2,281,591
17	$4,041,165	-$1,455,561 -$191,955	$2,393,649
18	$4,243,254	-$1,530,334 -$201,555	$2,511,365
19	$4,455,429	-$1,608,839 -$211,633	$2,634,957
20	$4,678,182	-$1,691,258 -$222,214	$2,764,710
21	$4,912,128	-$1,777,818 -$233,326	$2,900,984
22	$5,157,759	-$1,868,701 -$244,994	$3,044,064
23	$5,415,567	-$1,964,090 -$257,239	$3,194,238
24	$5,686,413	-$2,064,303 -$270,105	$3,352,005
25	$5,970,666	-$2,169,477 -$283,607	$3,517,582
26	$6,269,310	-$2,279,975 -$297,792	$3,691,543
27	$6,582,714	-$2,395,935 -$312,679	$3,874,100
28	$6,911,862	-$2,517,719 -$328,313	$4,065,830
29	$7,257,492	-$2,645,602 -$344,731	$4,267,159
30	$7,620,342	-$2,779,857 -$361,966	$4,478,519