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