The jackpot for the Powerball draw on Mon Jun 23, 2025, is projected to be $128 Million, with an option for a cash payout of $57.6 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania Powerball Jackpot/Cash Option for Mon Jun 23, 2025 |
|---|
| Draw Date | Mon Jun 23, 2025 | | Projected Jackpot | $128,000,000 | | Cash Value | $57,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,600,000 | | Federal Tax(24%) | $13,824,000 | | Additional Federal Tax | $7,448,330 | | State Tax(3.07%) | $1,768,320 | | Net Lumpsum Payment | $34,559,350 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,926,528 |
$673,146
$59,144 |
$1,194,238 |
| 2 |
$2,022,912 |
$708,808
$62,103 |
$1,252,001 |
| 3 |
$2,124,032 |
$746,222
$65,208 |
$1,312,602 |
| 4 |
$2,230,272 |
$785,531
$68,469 |
$1,376,272 |
| 5 |
$2,341,760 |
$826,782
$71,892 |
$1,443,086 |
| 6 |
$2,458,880 |
$870,116
$75,488 |
$1,513,276 |
| 7 |
$2,581,760 |
$915,582
$79,260 |
$1,586,918 |
| 8 |
$2,710,912 |
$963,368
$83,225 |
$1,664,319 |
| 9 |
$2,846,464 |
$1,013,522
$87,386 |
$1,745,556 |
| 10 |
$2,988,800 |
$1,066,186
$91,756 |
$1,830,858 |
| 11 |
$3,138,176 |
$1,121,456
$96,342 |
$1,920,378 |
| 12 |
$3,295,104 |
$1,179,519
$101,160 |
$2,014,425 |
| 13 |
$3,459,840 |
$1,240,471
$106,217 |
$2,113,152 |
| 14 |
$3,632,896 |
$1,304,502
$111,530 |
$2,216,864 |
| 15 |
$3,814,528 |
$1,371,706
$117,106 |
$2,325,716 |
| 16 |
$4,005,248 |
$1,442,272
$122,961 |
$2,440,015 |
| 17 |
$4,205,440 |
$1,516,343
$129,107 |
$2,559,990 |
| 18 |
$4,415,744 |
$1,594,156
$135,563 |
$2,686,025 |
| 19 |
$4,636,544 |
$1,675,852
$142,342 |
$2,818,350 |
| 20 |
$4,868,352 |
$1,761,621
$149,458 |
$2,957,273 |
| 21 |
$5,111,808 |
$1,851,699
$156,933 |
$3,103,176 |
| 22 |
$5,367,424 |
$1,946,277
$164,780 |
$3,256,367 |
| 23 |
$5,635,712 |
$2,045,544
$173,016 |
$3,417,152 |
| 24 |
$5,917,568 |
$2,149,831
$181,669 |
$3,586,068 |
| 25 |
$6,213,376 |
$2,259,280
$190,751 |
$3,763,345 |
| 26 |
$6,524,160 |
$2,374,270
$200,292 |
$3,949,598 |
| 27 |
$6,850,304 |
$2,494,943
$210,304 |
$4,145,057 |
| 28 |
$7,192,832 |
$2,621,678
$220,820 |
$4,350,334 |
| 29 |
$7,552,512 |
$2,754,760
$231,862 |
$4,565,890 |
| 30 |
$7,930,112 |
$2,894,472
$243,454 |
$4,792,186 |
|
|
