Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 May 31, 2025

Draw Date Jackpot Cash Option
Sat May 31, 2025$207,000,000$91,000,000

Lumpsum Option Taxes and Payment

Category Amount
Cash Gross Payment$91,000,000
Federal Tax(24%)$21,840,000
Additional Federal Tax$11,790,330
State Tax(3.07%)$2,793,700
Net Lumpsum Payment$54,575,970

Annuity Payment in 30 Installations

Year Gross Payment Fed/State Tax Net Payment
1 $3,115,557 -$1,113,086
-$95,648
$1,906,823
2 $3,271,428 -$1,170,759
-$100,433
$2,000,236
3 $3,434,958 -$1,231,265
-$105,453
$2,098,240
4 $3,606,768 -$1,294,835
-$110,728
$2,201,205
5 $3,787,065 -$1,361,544
-$116,263
$2,309,258
6 $3,976,470 -$1,431,624
-$122,078
$2,422,768
7 $4,175,190 -$1,505,151
-$128,178
$2,541,861
8 $4,384,053 -$1,582,430
-$134,590
$2,667,033
9 $4,603,266 -$1,663,539
-$141,320
$2,798,407
10 $4,833,450 -$1,748,707
-$148,387
$2,936,356
11 $5,075,019 -$1,838,087
-$155,803
$3,081,129
12 $5,328,801 -$1,931,987
-$163,594
$3,233,220
13 $5,595,210 -$2,030,558
-$171,773
$3,392,879
14 $5,875,074 -$2,134,108
-$180,365
$3,560,601
15 $6,168,807 -$2,242,789
-$189,382
$3,736,636
16 $6,477,237 -$2,356,908
-$198,851
$3,921,478
17 $6,800,985 -$2,476,695
-$208,790
$4,115,500
18 $7,141,086 -$2,602,532
-$219,231
$4,319,323
19 $7,498,161 -$2,734,650
-$230,194
$4,533,317
20 $7,873,038 -$2,873,354
-$241,702
$4,757,982
21 $8,266,752 -$3,019,029
-$253,789
$4,993,934
22 $8,680,131 -$3,171,979
-$266,480
$5,241,672
23 $9,114,003 -$3,332,511
-$279,800
$5,501,692
24 $9,569,817 -$3,501,163
-$293,793
$5,774,861
25 $10,048,194 -$3,678,162
-$308,480
$6,061,552
26 $10,550,790 -$3,864,123
-$323,909
$6,362,758
27 $11,078,226 -$4,059,274
-$340,102
$6,678,850
28 $11,632,158 -$4,264,229
-$357,107
$7,010,822
29 $12,213,828 -$4,479,447
-$374,965
$7,359,416
30 $12,824,478 -$4,705,387
-$393,711
$7,725,380
2
0
7
Cash Option: $91 Million
Next Draw: Sat May 31
Powerball
Wed May 28, 2025
232732355911

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