The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Wed Oct 15, 2025 |
|---|
| Draw Date | Wed Oct 15, 2025 | | Projected Jackpot | $273,000,000 | | Cash Value | $127,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $127,800,000 | | Federal Tax(24%) | $30,672,000 | | Additional Federal Tax | $16,574,330 | | State Tax(3.07%) | $3,923,460 | | Net Lumpsum Payment | $76,630,210 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,108,923 |
$1,480,632
$126,144 |
$2,502,147 |
| 2 |
$4,314,492 |
$1,556,692
$132,455 |
$2,625,345 |
| 3 |
$4,530,162 |
$1,636,490
$139,076 |
$2,754,596 |
| 4 |
$4,756,752 |
$1,720,329
$146,032 |
$2,890,391 |
| 5 |
$4,994,535 |
$1,808,308
$153,332 |
$3,032,895 |
| 6 |
$5,244,330 |
$1,900,732
$161,001 |
$3,182,597 |
| 7 |
$5,506,410 |
$1,997,702
$169,047 |
$3,339,661 |
| 8 |
$5,781,867 |
$2,099,621
$177,503 |
$3,504,743 |
| 9 |
$6,070,974 |
$2,206,591
$186,379 |
$3,678,004 |
| 10 |
$6,374,550 |
$2,318,914
$195,699 |
$3,859,937 |
| 11 |
$6,693,141 |
$2,436,793
$205,479 |
$4,050,869 |
| 12 |
$7,027,839 |
$2,560,631
$215,755 |
$4,251,453 |
| 13 |
$7,379,190 |
$2,690,631
$226,541 |
$4,462,018 |
| 14 |
$7,748,286 |
$2,827,196
$237,872 |
$4,683,218 |
| 15 |
$8,135,673 |
$2,970,529
$249,765 |
$4,915,379 |
| 16 |
$8,542,443 |
$3,121,034
$262,253 |
$5,159,156 |
| 17 |
$8,969,415 |
$3,279,014
$275,361 |
$5,415,040 |
| 18 |
$9,417,954 |
$3,444,973
$289,131 |
$5,683,850 |
| 19 |
$9,888,879 |
$3,619,216
$303,589 |
$5,966,074 |
| 20 |
$10,383,282 |
$3,802,145
$318,767 |
$6,262,370 |
| 21 |
$10,902,528 |
$3,994,266
$334,708 |
$6,573,554 |
| 22 |
$11,447,709 |
$4,195,983
$351,445 |
$6,900,281 |
| 23 |
$12,019,917 |
$4,407,700
$369,011 |
$7,243,206 |
| 24 |
$12,621,063 |
$4,630,124
$387,467 |
$7,603,472 |
| 25 |
$13,251,966 |
$4,863,558
$406,835 |
$7,981,573 |
| 26 |
$13,914,810 |
$5,108,810
$427,185 |
$8,378,815 |
| 27 |
$14,610,414 |
$5,366,184
$448,540 |
$8,795,690 |
| 28 |
$15,340,962 |
$5,636,486
$470,968 |
$9,233,508 |
| 29 |
$16,108,092 |
$5,920,324
$494,518 |
$9,693,250 |
| 30 |
$16,913,442 |
$6,218,304
$519,243 |
$10,175,895 |
|
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