Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 23, 2025 is estimated to be $700 Million, with a cash option of 316.3 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 Sat Aug 23, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 23, 2025	$700,000,000	$316,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$316,300,000
Federal Tax(24%)	$75,912,000
Additional Federal Tax	$41,079,330
State Tax(4.75%)	$15,024,250
Net Lumpsum Payment	$184,284,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,535,700	-$3,858,539 -$500,446	$6,176,715
2	$11,062,800	-$4,053,566 -$525,483	$6,483,751
3	$11,615,800	-$4,258,176 -$551,751	$6,805,873
4	$12,196,800	-$4,473,146 -$579,348	$7,144,306
5	$12,806,500	-$4,698,735 -$608,309	$7,499,456
6	$13,447,000	-$4,935,720 -$638,733	$7,872,547
7	$14,119,000	-$5,184,360 -$670,653	$8,263,987
8	$14,825,300	-$5,445,691 -$704,202	$8,675,407
9	$15,566,600	-$5,719,972 -$739,414	$9,107,214
10	$16,345,000	-$6,007,980 -$776,388	$9,560,632
11	$17,161,900	-$6,310,233 -$815,190	$10,036,477
12	$18,020,100	-$6,627,767 -$855,955	$10,536,378
13	$18,921,000	-$6,961,100 -$898,748	$11,061,152
14	$19,867,400	-$7,311,268 -$943,702	$11,612,430
15	$20,860,700	-$7,678,789 -$990,883	$12,191,028
16	$21,903,700	-$8,064,699 -$1,040,426	$12,798,575
17	$22,998,500	-$8,469,775 -$1,092,429	$13,436,296
18	$24,148,600	-$8,895,312 -$1,147,059	$14,106,229
19	$25,356,100	-$9,342,087 -$1,204,415	$14,809,598
20	$26,623,800	-$9,811,136 -$1,264,631	$15,548,033
21	$27,955,200	-$10,303,754 -$1,327,872	$16,323,574
22	$29,353,100	-$10,820,977 -$1,394,272	$17,137,851
23	$30,820,300	-$11,363,841 -$1,463,964	$17,992,495
24	$32,361,700	-$11,934,159 -$1,537,181	$18,890,360
25	$33,979,400	-$12,532,708 -$1,614,022	$19,832,670
26	$35,679,000	-$13,161,560 -$1,694,753	$20,822,687
27	$37,462,600	-$13,821,492 -$1,779,474	$21,861,634
28	$39,335,800	-$14,514,576 -$1,868,451	$22,952,773
29	$41,302,800	-$15,242,366 -$1,961,883	$24,098,551
30	$43,367,800	-$16,006,416 -$2,059,971	$25,301,413