Oregon Lottery

ORLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 20, 2025 is estimated to be $643 Million, with a cash option of 290.6 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 Wed Aug 20, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 20, 2025	$643,000,000	$290,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$290,600,000
Federal Tax(24%)	$69,744,000
Additional Federal Tax	$37,738,330
State Tax(8%)	$23,248,000
Net Lumpsum Payment	$159,869,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,677,793	-$3,541,114 -$774,223	$5,362,456
2	$10,161,972	-$3,720,260 -$812,958	$5,628,754
3	$10,669,942	-$3,908,209 -$853,595	$5,908,138
4	$11,203,632	-$4,105,674 -$896,291	$6,201,667
5	$11,763,685	-$4,312,894 -$941,095	$6,509,696
6	$12,352,030	-$4,530,581 -$988,162	$6,833,287
7	$12,969,310	-$4,758,975 -$1,037,545	$7,172,790
8	$13,618,097	-$4,999,026 -$1,089,448	$7,529,623
9	$14,299,034	-$5,250,973 -$1,143,923	$7,904,138
10	$15,014,050	-$5,515,529 -$1,201,124	$8,297,397
11	$15,764,431	-$5,793,170 -$1,261,154	$8,710,107
12	$16,552,749	-$6,084,848 -$1,324,220	$9,143,681
13	$17,380,290	-$6,391,038 -$1,390,423	$9,598,829
14	$18,249,626	-$6,712,692 -$1,459,970	$10,076,964
15	$19,162,043	-$7,050,286 -$1,532,963	$10,578,794
16	$20,120,113	-$7,404,772 -$1,609,609	$11,105,732
17	$21,125,765	-$7,776,863 -$1,690,061	$11,658,841
18	$22,182,214	-$8,167,750 -$1,774,577	$12,239,887
19	$23,291,389	-$8,578,144 -$1,863,311	$12,849,934
20	$24,455,862	-$9,008,999 -$1,956,469	$13,490,394
21	$25,678,848	-$9,461,504 -$2,054,308	$14,163,036
22	$26,962,919	-$9,936,610 -$2,157,034	$14,869,275
23	$28,310,647	-$10,435,270 -$2,264,852	$15,610,525
24	$29,726,533	-$10,959,148 -$2,378,123	$16,389,262
25	$31,212,506	-$11,508,958 -$2,497,000	$17,206,548
26	$32,773,710	-$12,086,603 -$2,621,897	$18,065,210
27	$34,412,074	-$12,692,798 -$2,752,966	$18,966,310
28	$36,132,742	-$13,329,445 -$2,890,619	$19,912,678
29	$37,939,572	-$13,997,972 -$3,035,166	$20,906,434
30	$39,836,422	-$14,699,807 -$3,186,914	$21,949,701