Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Apr 16, 2025 is estimated to be $113 Million, with a cash option of 50.6 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 Apr 16, 2025

Draw Date	Jackpot	Cash Option
Wed Apr 16, 2025	$113,000,000	$50,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$50,600,000
Federal Tax(24%)	$12,144,000
Additional Federal Tax	$6,538,330
State Tax(3.07%)	$1,553,420
Net Lumpsum Payment	$30,364,250

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,700,763	-$589,613 -$52,213	$1,058,937
2	$1,785,852	-$621,096 -$54,826	$1,109,930
3	$1,875,122	-$654,126 -$57,566	$1,163,430
4	$1,968,912	-$688,828 -$60,446	$1,219,638
5	$2,067,335	-$725,244 -$63,467	$1,278,624
6	$2,170,730	-$763,500 -$66,641	$1,340,589
7	$2,279,210	-$803,638 -$69,972	$1,405,600
8	$2,393,227	-$845,824 -$73,472	$1,473,931
9	$2,512,894	-$890,101 -$77,146	$1,545,647
10	$2,638,550	-$936,594 -$81,003	$1,620,953
11	$2,770,421	-$985,386 -$85,052	$1,699,983
12	$2,908,959	-$1,036,645 -$89,305	$1,783,009
13	$3,054,390	-$1,090,455 -$93,770	$1,870,165
14	$3,207,166	-$1,146,982 -$98,460	$1,961,724
15	$3,367,513	-$1,206,310 -$103,383	$2,057,820
16	$3,535,883	-$1,268,607 -$108,552	$2,158,724
17	$3,712,615	-$1,333,998 -$113,977	$2,264,640
18	$3,898,274	-$1,402,692 -$119,677	$2,375,905
19	$4,093,199	-$1,474,814 -$125,661	$2,492,724
20	$4,297,842	-$1,550,532 -$131,944	$2,615,366
21	$4,512,768	-$1,630,055 -$138,542	$2,744,171
22	$4,738,429	-$1,713,549 -$145,470	$2,879,410
23	$4,975,277	-$1,801,183 -$152,741	$3,021,353
24	$5,224,103	-$1,893,248 -$160,380	$3,170,475
25	$5,485,246	-$1,989,871 -$168,397	$3,326,978
26	$5,759,610	-$2,091,386 -$176,820	$3,491,404
27	$6,047,534	-$2,197,918 -$185,659	$3,663,957
28	$6,349,922	-$2,309,802 -$194,943	$3,845,177
29	$6,667,452	-$2,427,288 -$204,691	$4,035,473
30	$7,000,802	-$2,550,627 -$214,925	$4,235,250