The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Jul 2, 2025 |
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Draw Date | Wed Jul 2, 2025 | Projected Jackpot | $174,000,000 | Cash Value | $79,700,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $79,700,000 | Federal Tax(24%) | $19,128,000 | Additional Federal Tax | $10,321,330 | State Tax(8%) | $6,376,000 | Net Lumpsum Payment | $43,874,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$2,618,874 |
$929,314 $209,510 |
$1,480,050 |
2 |
$2,749,896 |
$977,792 $219,992 |
$1,552,112 |
3 |
$2,887,356 |
$1,028,652 $230,988 |
$1,627,716 |
4 |
$3,031,776 |
$1,082,088 $242,542 |
$1,707,146 |
5 |
$3,183,330 |
$1,138,162 $254,666 |
$1,790,502 |
6 |
$3,342,540 |
$1,197,070 $267,403 |
$1,878,067 |
7 |
$3,509,580 |
$1,258,875 $280,766 |
$1,969,939 |
8 |
$3,685,146 |
$1,323,834 $294,812 |
$2,066,500 |
9 |
$3,869,412 |
$1,392,013 $309,553 |
$2,167,846 |
10 |
$4,062,900 |
$1,463,603 $325,032 |
$2,274,265 |
11 |
$4,265,958 |
$1,538,735 $341,277 |
$2,385,946 |
12 |
$4,479,282 |
$1,617,665 $358,343 |
$2,503,274 |
13 |
$4,703,220 |
$1,700,522 $376,258 |
$2,626,440 |
14 |
$4,938,468 |
$1,787,564 $395,077 |
$2,755,827 |
15 |
$5,185,374 |
$1,878,919 $414,830 |
$2,891,625 |
16 |
$5,444,634 |
$1,974,845 $435,571 |
$3,034,218 |
17 |
$5,716,770 |
$2,075,535 $457,342 |
$3,183,893 |
18 |
$6,002,652 |
$2,181,312 $480,212 |
$3,341,128 |
19 |
$6,302,802 |
$2,292,367 $504,224 |
$3,506,211 |
20 |
$6,617,916 |
$2,408,959 $529,433 |
$3,679,524 |
21 |
$6,948,864 |
$2,531,410 $555,909 |
$3,861,545 |
22 |
$7,296,342 |
$2,659,977 $583,707 |
$4,052,658 |
23 |
$7,661,046 |
$2,794,917 $612,884 |
$4,253,245 |
24 |
$8,044,194 |
$2,936,682 $643,536 |
$4,463,976 |
25 |
$8,446,308 |
$3,085,464 $675,705 |
$4,685,139 |
26 |
$8,868,780 |
$3,241,779 $709,502 |
$4,917,499 |
27 |
$9,312,132 |
$3,405,819 $744,971 |
$5,161,342 |
28 |
$9,777,756 |
$3,578,100 $782,220 |
$5,417,436 |
29 |
$10,266,696 |
$3,759,008 $821,336 |
$5,686,352 |
30 |
$10,779,996 |
$3,948,929 $862,400 |
$5,968,667 |
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