The jackpot for the Powerball draw on Wed Mar 12, 2025, is projected to be $353 Million, with an option for a cash payout of $165.7 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 Oregon residents, the state will deduct 8% from your lottery earnings.
| Oregon Powerball Jackpot/Cash Option for Wed Mar 12, 2025 |
|---|
| Draw Date | Wed Mar 12, 2025 | | Projected Jackpot | $353,000,000 | | Cash Value | $165,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,700,000 | | Federal Tax(24%) | $39,768,000 | | Additional Federal Tax | $21,501,330 | | State Tax(8%) | $13,256,000 | | Net Lumpsum Payment | $91,174,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,313,003 |
$1,926,141
$425,040 |
$2,961,822 |
| 2 |
$5,578,812 |
$2,024,491
$446,305 |
$3,108,016 |
| 3 |
$5,857,682 |
$2,127,673
$468,615 |
$3,261,394 |
| 4 |
$6,150,672 |
$2,236,079
$492,054 |
$3,422,539 |
| 5 |
$6,458,135 |
$2,349,840
$516,651 |
$3,591,644 |
| 6 |
$6,781,130 |
$2,469,348
$542,490 |
$3,769,292 |
| 7 |
$7,120,010 |
$2,594,734
$569,601 |
$3,955,675 |
| 8 |
$7,476,187 |
$2,726,520
$598,095 |
$4,151,572 |
| 9 |
$7,850,014 |
$2,864,836
$628,001 |
$4,357,177 |
| 10 |
$8,242,550 |
$3,010,074
$659,404 |
$4,573,072 |
| 11 |
$8,654,501 |
$3,162,496
$692,360 |
$4,799,645 |
| 12 |
$9,087,279 |
$3,322,624
$726,982 |
$5,037,673 |
| 13 |
$9,541,590 |
$3,490,719
$763,327 |
$5,287,544 |
| 14 |
$10,018,846 |
$3,667,303
$801,508 |
$5,550,035 |
| 15 |
$10,519,753 |
$3,852,639
$841,580 |
$5,825,534 |
| 16 |
$11,045,723 |
$4,047,248
$883,658 |
$6,114,817 |
| 17 |
$11,597,815 |
$4,251,522
$927,825 |
$6,418,468 |
| 18 |
$12,177,794 |
$4,466,114
$974,224 |
$6,737,456 |
| 19 |
$12,786,719 |
$4,691,416
$1,022,938 |
$7,072,365 |
| 20 |
$13,426,002 |
$4,927,951
$1,074,080 |
$7,423,971 |
| 21 |
$14,097,408 |
$5,176,371
$1,127,793 |
$7,793,244 |
| 22 |
$14,802,349 |
$5,437,200
$1,184,188 |
$8,180,961 |
| 23 |
$15,542,237 |
$5,710,958
$1,243,379 |
$8,587,900 |
| 24 |
$16,319,543 |
$5,998,561
$1,305,563 |
$9,015,419 |
| 25 |
$17,135,326 |
$6,300,401
$1,370,826 |
$9,464,099 |
| 26 |
$17,992,410 |
$6,617,522
$1,439,393 |
$9,935,495 |
| 27 |
$18,891,854 |
$6,950,316
$1,511,348 |
$10,430,190 |
| 28 |
$19,836,482 |
$7,299,829
$1,586,919 |
$10,949,734 |
| 29 |
$20,828,412 |
$7,666,843
$1,666,273 |
$11,495,296 |
| 30 |
$21,869,762 |
$8,052,142
$1,749,581 |
$12,068,039 |
|
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