Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Aug 30, 2025 is estimated to be $950 Million, with a cash option of 428.9 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 Sat Aug 30, 2025

Draw Date	Jackpot	Cash Option
Sat Aug 30, 2025	$950,000,000	$428,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$428,900,000
Federal Tax(24%)	$102,936,000
Additional Federal Tax	$55,717,330
State Tax(3.07%)	$13,167,230
Net Lumpsum Payment	$257,079,440

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$14,298,450	-$5,250,757 -$438,962	$8,608,731
2	$15,013,800	-$5,515,436 -$460,924	$9,037,440
3	$15,764,300	-$5,793,121 -$483,964	$9,487,215
4	$16,552,800	-$6,084,866 -$508,171	$9,959,763
5	$17,380,250	-$6,391,023 -$533,574	$10,455,653
6	$18,249,500	-$6,712,645 -$560,260	$10,976,595
7	$19,161,500	-$7,050,085 -$588,258	$11,523,157
8	$20,120,050	-$7,404,749 -$617,686	$12,097,615
9	$21,126,100	-$7,776,987 -$648,571	$12,700,542
10	$22,182,500	-$8,167,855 -$681,003	$13,333,642
11	$23,291,150	-$8,578,056 -$715,038	$13,998,056
12	$24,455,850	-$9,008,995 -$750,795	$14,696,060
13	$25,678,500	-$9,461,375 -$788,330	$15,428,795
14	$26,962,900	-$9,936,603 -$827,761	$16,198,536
15	$28,310,950	-$10,435,382 -$869,146	$17,006,422
16	$29,726,450	-$10,959,117 -$912,602	$17,854,731
17	$31,212,250	-$11,508,863 -$958,216	$18,745,171
18	$32,773,100	-$12,086,377 -$1,006,134	$19,680,589
19	$34,411,850	-$12,692,715 -$1,056,444	$20,662,691
20	$36,132,300	-$13,329,281 -$1,109,262	$21,693,757
21	$37,939,200	-$13,997,834 -$1,164,733	$22,776,633
22	$39,836,350	-$14,699,780 -$1,222,976	$23,913,594
23	$41,827,550	-$15,436,524 -$1,284,106	$25,106,920
24	$43,919,450	-$16,210,527 -$1,348,327	$26,360,596
25	$46,114,900	-$17,022,843 -$1,415,727	$27,676,330
26	$48,421,500	-$17,876,285 -$1,486,540	$29,058,675
27	$50,842,100	-$18,771,907 -$1,560,852	$30,509,341
28	$53,384,300	-$19,712,521 -$1,638,898	$32,032,881
29	$56,053,800	-$20,700,236 -$1,720,852	$33,632,712
30	$58,856,300	-$21,737,161 -$1,806,888	$35,312,251