Pennsylvania Lottery

PALottery 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 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 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(3.07%)	$1,639,380
Net Lumpsum Payment	$32,042,290

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,776,018	-$617,457 -$54,524	$1,104,037
2	$1,864,872	-$650,333 -$57,252	$1,157,287
3	$1,958,092	-$684,824 -$60,113	$1,213,155
4	$2,056,032	-$721,062 -$63,120	$1,271,850
5	$2,158,810	-$759,090 -$66,275	$1,333,445
6	$2,266,780	-$799,039 -$69,590	$1,398,151
7	$2,380,060	-$840,953 -$73,068	$1,466,039
8	$2,499,122	-$885,006 -$76,723	$1,537,393
9	$2,624,084	-$931,241 -$80,559	$1,612,284
10	$2,755,300	-$979,791 -$84,588	$1,690,921
11	$2,893,006	-$1,030,743 -$88,815	$1,773,448
12	$3,037,674	-$1,084,270 -$93,257	$1,860,147
13	$3,189,540	-$1,140,460 -$97,919	$1,951,161
14	$3,349,076	-$1,199,489 -$102,817	$2,046,770
15	$3,516,518	-$1,261,442 -$107,957	$2,147,119
16	$3,692,338	-$1,326,495 -$113,355	$2,252,488
17	$3,876,890	-$1,394,780 -$119,021	$2,363,089
18	$4,070,764	-$1,466,513 -$124,972	$2,479,279
19	$4,274,314	-$1,541,827 -$131,221	$2,601,266
20	$4,488,012	-$1,620,895 -$137,782	$2,729,335
21	$4,712,448	-$1,703,936 -$144,672	$2,863,840
22	$4,948,094	-$1,791,125 -$151,906	$3,005,063
23	$5,195,422	-$1,882,637 -$159,499	$3,153,286
24	$5,455,258	-$1,978,776 -$167,476	$3,309,006
25	$5,727,956	-$2,079,674 -$175,848	$3,472,434
26	$6,014,460	-$2,185,681 -$184,644	$3,644,135
27	$6,315,124	-$2,296,926 -$193,874	$3,824,324
28	$6,630,892	-$2,413,760 -$203,568	$4,013,564
29	$6,962,472	-$2,536,445 -$213,748	$4,212,279
30	$7,310,572	-$2,665,242 -$224,435	$4,420,895