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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania 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(3.07%) |
$2,250,310 |
| Net Lumpsum Payment |
$43,968,360 |
| Annuity Payment in 30 Installations |
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,453,313 |
$868,056
$75,317 |
$1,509,940 |
| 2 |
$2,576,052 |
$913,470
$79,085 |
$1,583,497 |
| 3 |
$2,704,822 |
$961,115
$83,038 |
$1,660,669 |
| 4 |
$2,840,112 |
$1,011,172
$87,191 |
$1,741,749 |
| 5 |
$2,982,085 |
$1,063,702
$91,550 |
$1,826,833 |
| 6 |
$3,131,230 |
$1,118,885
$96,129 |
$1,916,216 |
| 7 |
$3,287,710 |
$1,176,783
$100,933 |
$2,009,994 |
| 8 |
$3,452,177 |
$1,237,636
$105,982 |
$2,108,559 |
| 9 |
$3,624,794 |
$1,301,504
$111,281 |
$2,212,009 |
| 10 |
$3,806,050 |
$1,368,569
$116,846 |
$2,320,635 |
| 11 |
$3,996,271 |
$1,438,951
$122,686 |
$2,434,634 |
| 12 |
$4,196,109 |
$1,512,891
$128,821 |
$2,554,397 |
| 13 |
$4,405,890 |
$1,590,510
$135,261 |
$2,680,119 |
| 14 |
$4,626,266 |
$1,672,049
$142,026 |
$2,812,191 |
| 15 |
$4,857,563 |
$1,757,629
$149,127 |
$2,950,807 |
| 16 |
$5,100,433 |
$1,847,491
$156,583 |
$3,096,359 |
| 17 |
$5,355,365 |
$1,941,815
$164,410 |
$3,249,140 |
| 18 |
$5,623,174 |
$2,040,905
$172,631 |
$3,409,638 |
| 19 |
$5,904,349 |
$2,144,940
$181,264 |
$3,578,145 |
| 20 |
$6,199,542 |
$2,254,161
$190,326 |
$3,755,055 |
| 21 |
$6,509,568 |
$2,368,871
$199,844 |
$3,940,853 |
| 22 |
$6,835,079 |
$2,489,310
$209,837 |
$4,135,932 |
| 23 |
$7,176,727 |
$2,615,719
$220,326 |
$4,340,682 |
| 24 |
$7,535,653 |
$2,748,522
$231,345 |
$4,555,786 |
| 25 |
$7,912,346 |
$2,887,898
$242,909 |
$4,781,539 |
| 26 |
$8,308,110 |
$3,034,331
$255,059 |
$5,018,720 |
| 27 |
$8,723,434 |
$3,188,001
$267,809 |
$5,267,624 |
| 28 |
$9,159,622 |
$3,349,391
$281,200 |
$5,529,031 |
| 29 |
$9,617,652 |
$3,518,862
$295,262 |
$5,803,528 |
| 30 |
$10,098,502 |
$3,696,776
$310,024 |
$6,091,702 |
|
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