Puerto Rico Lottery

PRLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed May 7, 2025 is estimated to be $65 Million, with a cash option of 29.9 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. The good news is that if you're a resident of Puerto Rico, you won't owe any state tax on 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.

Puerto Rico Powerball Jackpot/Cash Option for Wed May 7, 2025

Draw Date	Jackpot	Cash Option
Wed May 7, 2025	$65,000,000	$29,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,900,000
Federal Tax(24%)	$7,176,000
Additional Federal Tax	$3,847,330
State Tax(0%)	$0
Net Lumpsum Payment	$18,876,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$978,315	-$322,307 -$0	$656,008
2	$1,027,260	-$340,417 -$0	$686,843
3	$1,078,610	-$359,416 -$0	$719,194
4	$1,132,560	-$379,378 -$0	$753,182
5	$1,189,175	-$400,325 -$0	$788,850
6	$1,248,650	-$422,331 -$0	$826,319
7	$1,311,050	-$445,419 -$0	$865,631
8	$1,376,635	-$469,685 -$0	$906,950
9	$1,445,470	-$495,154 -$0	$950,316
10	$1,517,750	-$521,898 -$0	$995,852
11	$1,593,605	-$549,964 -$0	$1,043,641
12	$1,673,295	-$579,450 -$0	$1,093,845
13	$1,756,950	-$610,402 -$0	$1,146,548
14	$1,844,830	-$642,917 -$0	$1,201,913
15	$1,937,065	-$677,044 -$0	$1,260,021
16	$2,033,915	-$712,879 -$0	$1,321,036
17	$2,135,575	-$750,493 -$0	$1,385,082
18	$2,242,370	-$790,007 -$0	$1,452,363
19	$2,354,495	-$831,494 -$0	$1,523,001
20	$2,472,210	-$875,048 -$0	$1,597,162
21	$2,595,840	-$920,791 -$0	$1,675,049
22	$2,725,645	-$968,819 -$0	$1,756,826
23	$2,861,885	-$1,019,228 -$0	$1,842,657
24	$3,005,015	-$1,072,186 -$0	$1,932,829
25	$3,155,230	-$1,127,765 -$0	$2,027,465
26	$3,313,050	-$1,186,159 -$0	$2,126,891
27	$3,478,670	-$1,247,438 -$0	$2,231,232
28	$3,652,610	-$1,311,796 -$0	$2,340,814
29	$3,835,260	-$1,379,377 -$0	$2,455,883
30	$4,027,010	-$1,450,324 -$0	$2,576,686