The jackpot for the Powerball draw on Wed Jul 23, 2025, is projected to be $325 Million, with an option for a cash payout of $145.3 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 Arkansas residents, the state will deduct 4.9% from your lottery earnings.
| Arkansas Powerball Jackpot/Cash Option for Wed Jul 23, 2025 |
|---|
| Draw Date | Wed Jul 23, 2025 | | Projected Jackpot | $325,000,000 | | Cash Value | $145,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,300,000 | | Federal Tax(24%) | $34,872,000 | | Additional Federal Tax | $18,849,330 | | State Tax(4.9%) | $7,119,700 | | Net Lumpsum Payment | $84,458,970 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,891,575 |
$1,770,213
$239,687 |
$2,881,675 |
| 2 |
$5,136,300 |
$1,860,761
$251,679 |
$3,023,860 |
| 3 |
$5,393,050 |
$1,955,759
$264,259 |
$3,173,032 |
| 4 |
$5,662,800 |
$2,055,566
$277,477 |
$3,329,757 |
| 5 |
$5,945,875 |
$2,160,304
$291,348 |
$3,494,223 |
| 6 |
$6,243,250 |
$2,270,333
$305,919 |
$3,666,998 |
| 7 |
$6,555,250 |
$2,385,773
$321,207 |
$3,848,270 |
| 8 |
$6,883,175 |
$2,507,105
$337,276 |
$4,038,794 |
| 9 |
$7,227,350 |
$2,634,450
$354,140 |
$4,238,760 |
| 10 |
$7,588,750 |
$2,768,168
$371,849 |
$4,448,733 |
| 11 |
$7,968,025 |
$2,908,500
$390,433 |
$4,669,092 |
| 12 |
$8,366,475 |
$3,055,926
$409,957 |
$4,900,592 |
| 13 |
$8,784,750 |
$3,210,688
$430,453 |
$5,143,609 |
| 14 |
$9,224,150 |
$3,373,266
$451,983 |
$5,398,901 |
| 15 |
$9,685,325 |
$3,543,901
$474,581 |
$5,666,843 |
| 16 |
$10,169,575 |
$3,723,073
$498,309 |
$5,948,193 |
| 17 |
$10,677,875 |
$3,911,144
$523,216 |
$6,243,515 |
| 18 |
$11,211,850 |
$4,108,715
$549,381 |
$6,553,754 |
| 19 |
$11,772,475 |
$4,316,146
$576,851 |
$6,879,478 |
| 20 |
$12,361,050 |
$4,533,919
$605,691 |
$7,221,440 |
| 21 |
$12,979,200 |
$4,762,634
$635,981 |
$7,580,585 |
| 22 |
$13,628,225 |
$5,002,774
$667,783 |
$7,957,668 |
| 23 |
$14,309,425 |
$5,254,818
$701,162 |
$8,353,445 |
| 24 |
$15,025,075 |
$5,519,608
$736,229 |
$8,769,238 |
| 25 |
$15,776,150 |
$5,797,506
$773,031 |
$9,205,613 |
| 26 |
$16,565,250 |
$6,089,473
$811,697 |
$9,664,080 |
| 27 |
$17,393,350 |
$6,395,870
$852,274 |
$10,145,206 |
| 28 |
$18,263,050 |
$6,717,659
$894,889 |
$10,650,502 |
| 29 |
$19,176,300 |
$7,055,561
$939,639 |
$11,181,100 |
| 30 |
$20,135,050 |
$7,410,299
$986,617 |
$11,738,134 |
|
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