Oregon Lottery

ORLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jun 21, 2025 is estimated to be $118 Million, with a cash option of 53.4 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 Oregon, your state will take 8% 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.

Oregon Powerball Jackpot/Cash Option for Sat Jun 21, 2025

Draw Date	Jackpot	Cash Option
Sat Jun 21, 2025	$118,000,000	$53,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$53,400,000
Federal Tax(24%)	$12,816,000
Additional Federal Tax	$6,902,330
State Tax(8%)	$4,272,000
Net Lumpsum Payment	$29,409,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,776,018	-$617,457 -$142,081	$1,016,480
2	$1,864,872	-$650,333 -$149,190	$1,065,349
3	$1,958,092	-$684,824 -$156,647	$1,116,621
4	$2,056,032	-$721,062 -$164,483	$1,170,487
5	$2,158,810	-$759,090 -$172,705	$1,227,015
6	$2,266,780	-$799,039 -$181,342	$1,286,399
7	$2,380,060	-$840,953 -$190,405	$1,348,702
8	$2,499,122	-$885,006 -$199,930	$1,414,186
9	$2,624,084	-$931,241 -$209,927	$1,482,916
10	$2,755,300	-$979,791 -$220,424	$1,555,085
11	$2,893,006	-$1,030,743 -$231,440	$1,630,823
12	$3,037,674	-$1,084,270 -$243,014	$1,710,390
13	$3,189,540	-$1,140,460 -$255,163	$1,793,917
14	$3,349,076	-$1,199,489 -$267,926	$1,881,661
15	$3,516,518	-$1,261,442 -$281,321	$1,973,755
16	$3,692,338	-$1,326,495 -$295,387	$2,070,456
17	$3,876,890	-$1,394,780 -$310,151	$2,171,959
18	$4,070,764	-$1,466,513 -$325,661	$2,278,590
19	$4,274,314	-$1,541,827 -$341,945	$2,390,542
20	$4,488,012	-$1,620,895 -$359,041	$2,508,076
21	$4,712,448	-$1,703,936 -$376,996	$2,631,516
22	$4,948,094	-$1,791,125 -$395,848	$2,761,121
23	$5,195,422	-$1,882,637 -$415,634	$2,897,151
24	$5,455,258	-$1,978,776 -$436,421	$3,040,061
25	$5,727,956	-$2,079,674 -$458,236	$3,190,046
26	$6,014,460	-$2,185,681 -$481,157	$3,347,622
27	$6,315,124	-$2,296,926 -$505,210	$3,512,988
28	$6,630,892	-$2,413,760 -$530,471	$3,686,661
29	$6,962,472	-$2,536,445 -$556,998	$3,869,029
30	$7,310,572	-$2,665,242 -$584,846	$4,060,484