Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jun 9, 2025 is estimated to be $54 Million, with a cash option of 24.3 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 Mon Jun 9, 2025

Draw Date	Jackpot	Cash Option
Mon Jun 9, 2025	$54,000,000	$24,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$24,300,000
Federal Tax(24%)	$5,832,000
Additional Federal Tax	$3,119,330
State Tax(4.75%)	$1,154,250
Net Lumpsum Payment	$14,194,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$812,754	-$261,049 -$38,606	$513,099
2	$853,416	-$276,094 -$40,537	$536,785
3	$896,076	-$291,879 -$42,564	$561,633
4	$940,896	-$308,462 -$44,693	$587,741
5	$987,930	-$325,864 -$46,927	$615,139
6	$1,037,340	-$344,146 -$49,274	$643,920
7	$1,089,180	-$363,327 -$51,736	$674,117
8	$1,143,666	-$383,487 -$54,324	$705,855
9	$1,200,852	-$404,646 -$57,040	$739,166
10	$1,260,900	-$426,863 -$59,893	$774,144
11	$1,323,918	-$450,180 -$62,886	$810,852
12	$1,390,122	-$474,676 -$66,031	$849,415
13	$1,459,620	-$500,390 -$69,332	$889,898
14	$1,532,628	-$527,403 -$72,800	$932,425
15	$1,609,254	-$555,754 -$76,440	$977,060
16	$1,689,714	-$585,525 -$80,261	$1,023,928
17	$1,774,170	-$616,773 -$84,273	$1,073,124
18	$1,862,892	-$649,600 -$88,487	$1,124,805
19	$1,956,042	-$684,066 -$92,912	$1,179,064
20	$2,053,836	-$720,250 -$97,557	$1,236,029
21	$2,156,544	-$758,252 -$102,436	$1,295,856
22	$2,264,382	-$798,152 -$107,558	$1,358,672
23	$2,377,566	-$840,030 -$112,934	$1,424,602
24	$2,496,474	-$884,026 -$118,583	$1,493,865
25	$2,621,268	-$930,200 -$124,510	$1,566,558
26	$2,752,380	-$978,711 -$130,738	$1,642,931
27	$2,889,972	-$1,029,620 -$137,274	$1,723,078
28	$3,034,476	-$1,083,087 -$144,138	$1,807,251
29	$3,186,216	-$1,139,230 -$151,345	$1,895,641
30	$3,345,516	-$1,198,171 -$158,912	$1,988,433