Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jul 16, 2025 is estimated to be $264 Million, with a cash option of 119.7 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 Pennsylvania, your state will take 3.07% 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.

Pennsylvania Powerball Jackpot/Cash Option for Wed Jul 16, 2025

Draw Date	Jackpot	Cash Option
Wed Jul 16, 2025	$264,000,000	$119,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$119,700,000
Federal Tax(24%)	$28,728,000
Additional Federal Tax	$15,521,330
State Tax(3.07%)	$3,674,790
Net Lumpsum Payment	$71,775,880

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,973,464	-$1,430,512 -$121,985	$2,420,967
2	$4,172,256	-$1,504,065 -$128,088	$2,540,103
3	$4,380,816	-$1,581,232 -$134,491	$2,665,093
4	$4,599,936	-$1,662,307 -$141,218	$2,796,411
5	$4,829,880	-$1,747,386 -$148,277	$2,934,217
6	$5,071,440	-$1,836,763 -$155,693	$3,078,984
7	$5,324,880	-$1,930,536 -$163,474	$3,230,870
8	$5,591,256	-$2,029,095 -$171,652	$3,390,509
9	$5,870,832	-$2,132,538 -$180,235	$3,558,059
10	$6,164,400	-$2,241,158 -$189,247	$3,733,995
11	$6,472,488	-$2,355,151 -$198,705	$3,918,632
12	$6,796,152	-$2,474,907 -$208,642	$4,112,603
13	$7,135,920	-$2,600,621 -$219,073	$4,316,226
14	$7,492,848	-$2,732,684 -$230,030	$4,530,134
15	$7,867,464	-$2,871,292 -$241,531	$4,754,641
16	$8,260,824	-$3,016,835 -$253,607	$4,990,382
17	$8,673,720	-$3,169,607 -$266,283	$5,237,830
18	$9,107,472	-$3,330,095 -$279,599	$5,497,778
19	$9,562,872	-$3,498,593 -$293,580	$5,770,699
20	$10,040,976	-$3,675,492 -$308,258	$6,057,226
21	$10,543,104	-$3,861,279 -$323,673	$6,358,152
22	$11,070,312	-$4,056,346 -$339,859	$6,674,107
23	$11,623,656	-$4,261,083 -$356,846	$7,005,727
24	$12,204,984	-$4,476,174 -$374,693	$7,354,117
25	$12,815,088	-$4,701,913 -$393,423	$7,719,752
26	$13,456,080	-$4,939,080 -$413,102	$8,103,898
27	$14,128,752	-$5,187,969 -$433,753	$8,507,030
28	$14,835,216	-$5,449,360 -$455,441	$8,930,415
29	$15,577,056	-$5,723,841 -$478,216	$9,374,999
30	$16,355,856	-$6,011,997 -$502,125	$9,841,734