The jackpot for the Powerball draw on Mon May 12, 2025, is projected to be $93 Million, with an option for a cash payout of $42.3 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 Oregon residents, the state will deduct 8% from your lottery earnings.
| Oregon Powerball Jackpot/Cash Option for Mon May 12, 2025 |
|---|
| Draw Date | Mon May 12, 2025 | | Projected Jackpot | $93,000,000 | | Cash Value | $42,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $42,300,000 | | Federal Tax(24%) | $10,152,000 | | Additional Federal Tax | $5,459,330 | | State Tax(8%) | $3,384,000 | | Net Lumpsum Payment | $23,304,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,399,743 |
$478,235
$111,979 |
$809,529 |
| 2 |
$1,469,772 |
$504,146
$117,582 |
$848,044 |
| 3 |
$1,543,242 |
$531,330
$123,459 |
$888,453 |
| 4 |
$1,620,432 |
$559,890
$129,635 |
$930,907 |
| 5 |
$1,701,435 |
$589,861
$136,115 |
$975,459 |
| 6 |
$1,786,530 |
$621,346
$142,922 |
$1,022,262 |
| 7 |
$1,875,810 |
$654,380
$150,065 |
$1,071,365 |
| 8 |
$1,969,647 |
$689,100
$157,572 |
$1,122,975 |
| 9 |
$2,068,134 |
$725,540
$165,451 |
$1,177,143 |
| 10 |
$2,171,550 |
$763,804
$173,724 |
$1,234,022 |
| 11 |
$2,280,081 |
$803,960
$182,406 |
$1,293,715 |
| 12 |
$2,394,099 |
$846,147
$191,528 |
$1,356,424 |
| 13 |
$2,513,790 |
$890,433
$201,103 |
$1,422,254 |
| 14 |
$2,639,526 |
$936,955
$211,162 |
$1,491,409 |
| 15 |
$2,771,493 |
$985,783
$221,719 |
$1,563,991 |
| 16 |
$2,910,063 |
$1,037,054
$232,805 |
$1,640,204 |
| 17 |
$3,055,515 |
$1,090,871
$244,441 |
$1,720,203 |
| 18 |
$3,208,314 |
$1,147,407
$256,665 |
$1,804,242 |
| 19 |
$3,368,739 |
$1,206,764
$269,499 |
$1,892,476 |
| 20 |
$3,537,162 |
$1,269,080
$282,973 |
$1,985,109 |
| 21 |
$3,714,048 |
$1,334,528
$297,124 |
$2,082,396 |
| 22 |
$3,899,769 |
$1,403,245
$311,982 |
$2,184,542 |
| 23 |
$4,094,697 |
$1,475,368
$327,576 |
$2,291,753 |
| 24 |
$4,299,483 |
$1,551,139
$343,959 |
$2,404,385 |
| 25 |
$4,514,406 |
$1,630,661
$361,152 |
$2,522,593 |
| 26 |
$4,740,210 |
$1,714,208
$379,217 |
$2,646,785 |
| 27 |
$4,977,174 |
$1,801,885
$398,174 |
$2,777,115 |
| 28 |
$5,226,042 |
$1,893,966
$418,083 |
$2,913,993 |
| 29 |
$5,487,372 |
$1,990,658
$438,990 |
$3,057,724 |
| 30 |
$5,761,722 |
$2,092,168
$460,938 |
$3,208,616 |
|
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