The jackpot for the Powerball draw on Sat May 24, 2025, is projected to be $163 Million, with an option for a cash payout of $73.3 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 Oklahoma residents, the state will deduct 4.75% from your lottery earnings.
| Oklahoma Powerball Jackpot/Cash Option for Sat May 24, 2025 |
| Draw Date |
Sat May 24, 2025 |
| Projected Jackpot |
$163,000,000 |
| Cash Value |
$73,300,000 |
| Lumpsum Option Taxes and Payment |
| Cash Gross Payment |
$73,300,000 |
| Federal Tax(24%) |
$17,592,000 |
| Additional Federal Tax |
$9,489,330 |
| State Tax(4.75%) |
$3,481,750 |
| Net Lumpsum Payment |
$42,736,920 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,453,313 |
$868,056
$116,532 |
$1,468,725 |
| 2 |
$2,576,052 |
$913,470
$122,362 |
$1,540,220 |
| 3 |
$2,704,822 |
$961,115
$128,479 |
$1,615,228 |
| 4 |
$2,840,112 |
$1,011,172
$134,905 |
$1,694,035 |
| 5 |
$2,982,085 |
$1,063,702
$141,649 |
$1,776,734 |
| 6 |
$3,131,230 |
$1,118,885
$148,733 |
$1,863,612 |
| 7 |
$3,287,710 |
$1,176,783
$156,166 |
$1,954,761 |
| 8 |
$3,452,177 |
$1,237,636
$163,978 |
$2,050,563 |
| 9 |
$3,624,794 |
$1,301,504
$172,178 |
$2,151,112 |
| 10 |
$3,806,050 |
$1,368,569
$180,787 |
$2,256,694 |
| 11 |
$3,996,271 |
$1,438,951
$189,823 |
$2,367,497 |
| 12 |
$4,196,109 |
$1,512,891
$199,315 |
$2,483,903 |
| 13 |
$4,405,890 |
$1,590,510
$209,280 |
$2,606,100 |
| 14 |
$4,626,266 |
$1,672,049
$219,748 |
$2,734,469 |
| 15 |
$4,857,563 |
$1,757,629
$230,734 |
$2,869,200 |
| 16 |
$5,100,433 |
$1,847,491
$242,271 |
$3,010,671 |
| 17 |
$5,355,365 |
$1,941,815
$254,380 |
$3,159,170 |
| 18 |
$5,623,174 |
$2,040,905
$267,101 |
$3,315,168 |
| 19 |
$5,904,349 |
$2,144,940
$280,457 |
$3,478,952 |
| 20 |
$6,199,542 |
$2,254,161
$294,478 |
$3,650,903 |
| 21 |
$6,509,568 |
$2,368,871
$309,204 |
$3,831,493 |
| 22 |
$6,835,079 |
$2,489,310
$324,666 |
$4,021,103 |
| 23 |
$7,176,727 |
$2,615,719
$340,895 |
$4,220,113 |
| 24 |
$7,535,653 |
$2,748,522
$357,944 |
$4,429,187 |
| 25 |
$7,912,346 |
$2,887,898
$375,836 |
$4,648,612 |
| 26 |
$8,308,110 |
$3,034,331
$394,635 |
$4,879,144 |
| 27 |
$8,723,434 |
$3,188,001
$414,363 |
$5,121,070 |
| 28 |
$9,159,622 |
$3,349,391
$435,082 |
$5,375,149 |
| 29 |
$9,617,652 |
$3,518,862
$456,838 |
$5,641,952 |
| 30 |
$10,098,502 |
$3,696,776
$479,679 |
$5,922,047 |
|
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