Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 6, 2025 is estimated to be $449 Million, with a cash option of 203.9 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 Aug 6, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 6, 2025	$449,000,000	$203,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$203,900,000
Federal Tax(24%)	$48,936,000
Additional Federal Tax	$26,467,330
State Tax(3.07%)	$6,259,730
Net Lumpsum Payment	$122,236,940

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,757,899	-$2,460,753 -$207,467	$4,089,679
2	$7,095,996	-$2,585,849 -$217,847	$4,292,300
3	$7,450,706	-$2,717,092 -$228,737	$4,504,877
4	$7,823,376	-$2,854,980 -$240,178	$4,728,218
5	$8,214,455	-$2,999,679 -$252,184	$4,962,592
6	$8,625,290	-$3,151,688 -$264,796	$5,208,806
7	$9,056,330	-$3,311,172 -$278,029	$5,467,129
8	$9,509,371	-$3,478,798 -$291,938	$5,738,635
9	$9,984,862	-$3,654,729 -$306,535	$6,023,598
10	$10,484,150	-$3,839,466 -$321,863	$6,322,821
11	$11,008,133	-$4,033,340 -$337,950	$6,636,843
12	$11,558,607	-$4,237,015 -$354,849	$6,966,743
13	$12,136,470	-$4,450,824 -$372,590	$7,313,056
14	$12,743,518	-$4,675,432 -$391,226	$7,676,860
15	$13,380,649	-$4,911,171 -$410,786	$8,058,692
16	$14,049,659	-$5,158,704 -$431,325	$8,459,630
17	$14,751,895	-$5,418,532 -$452,883	$8,880,480
18	$15,489,602	-$5,691,483 -$475,531	$9,322,588
19	$16,264,127	-$5,978,057 -$499,309	$9,786,761
20	$17,077,266	-$6,278,919 -$524,272	$10,274,075
21	$17,931,264	-$6,594,898 -$550,490	$10,785,876
22	$18,827,917	-$6,926,660 -$578,017	$11,323,240
23	$19,769,021	-$7,274,868 -$606,909	$11,887,244
24	$20,757,719	-$7,640,686 -$637,262	$12,479,771
25	$21,795,358	-$8,024,613 -$669,117	$13,101,628
26	$22,885,530	-$8,427,976 -$702,586	$13,754,968
27	$24,029,582	-$8,851,276 -$737,708	$14,440,598
28	$25,231,106	-$9,295,840 -$774,595	$15,160,671
29	$26,492,796	-$9,762,665 -$813,329	$15,916,802
30	$27,817,346	-$10,252,748 -$853,993	$16,710,605