The jackpot for the Powerball draw on Sat Aug 2, 2025, is projected to be $410 Million, with an option for a cash payout of $184.9 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 Aug 2, 2025 |
|---|
| Draw Date | Sat Aug 2, 2025 | | Projected Jackpot | $410,000,000 | | Cash Value | $184,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $184,900,000 | | Federal Tax(24%) | $44,376,000 | | Additional Federal Tax | $23,997,330 | | State Tax(4.75%) | $8,782,750 | | Net Lumpsum Payment | $107,743,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,170,910 |
$2,243,567
$293,118 |
$3,634,225 |
| 2 |
$6,479,640 |
$2,357,797
$307,783 |
$3,814,060 |
| 3 |
$6,803,540 |
$2,477,640
$323,168 |
$4,002,732 |
| 4 |
$7,143,840 |
$2,603,551
$339,332 |
$4,200,957 |
| 5 |
$7,500,950 |
$2,735,682
$356,295 |
$4,408,973 |
| 6 |
$7,876,100 |
$2,874,487
$374,115 |
$4,627,498 |
| 7 |
$8,269,700 |
$3,020,119
$392,811 |
$4,856,770 |
| 8 |
$8,683,390 |
$3,173,185
$412,461 |
$5,097,744 |
| 9 |
$9,117,580 |
$3,333,835
$433,085 |
$5,350,660 |
| 10 |
$9,573,500 |
$3,502,525
$454,741 |
$5,616,234 |
| 11 |
$10,051,970 |
$3,679,559
$477,469 |
$5,894,942 |
| 12 |
$10,554,630 |
$3,865,543
$501,345 |
$6,187,742 |
| 13 |
$11,082,300 |
$4,060,781
$526,409 |
$6,495,110 |
| 14 |
$11,636,620 |
$4,265,880
$552,739 |
$6,818,001 |
| 15 |
$12,218,410 |
$4,481,142
$580,374 |
$7,156,894 |
| 16 |
$12,829,310 |
$4,707,175
$609,392 |
$7,512,743 |
| 17 |
$13,470,550 |
$4,944,434
$639,851 |
$7,886,265 |
| 18 |
$14,144,180 |
$5,193,677
$671,849 |
$8,278,654 |
| 19 |
$14,851,430 |
$5,455,359
$705,443 |
$8,690,628 |
| 20 |
$15,593,940 |
$5,730,088
$740,712 |
$9,123,140 |
| 21 |
$16,373,760 |
$6,018,622
$777,754 |
$9,577,384 |
| 22 |
$17,192,530 |
$6,321,566
$816,645 |
$10,054,319 |
| 23 |
$18,051,890 |
$6,639,530
$857,465 |
$10,554,895 |
| 24 |
$18,954,710 |
$6,973,573
$900,349 |
$11,080,788 |
| 25 |
$19,902,220 |
$7,324,152
$945,355 |
$11,632,713 |
| 26 |
$20,897,700 |
$7,692,479
$992,641 |
$12,212,580 |
| 27 |
$21,942,380 |
$8,079,011
$1,042,263 |
$12,821,106 |
| 28 |
$23,039,540 |
$8,484,960
$1,094,378 |
$13,460,202 |
| 29 |
$24,191,640 |
$8,911,237
$1,149,103 |
$14,131,300 |
| 30 |
$25,401,140 |
$9,358,752
$1,206,554 |
$14,835,834 |
|
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