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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania Powerball Jackpot/Cash Option for Wed Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(3.07%) | $2,446,790 | | Net Lumpsum Payment | $47,803,880 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$80,399 |
$1,609,161 |
| 2 |
$2,749,896 |
$977,792
$84,422 |
$1,687,682 |
| 3 |
$2,887,356 |
$1,028,652
$88,642 |
$1,770,062 |
| 4 |
$3,031,776 |
$1,082,088
$93,076 |
$1,856,612 |
| 5 |
$3,183,330 |
$1,138,162
$97,728 |
$1,947,440 |
| 6 |
$3,342,540 |
$1,197,070
$102,616 |
$2,042,854 |
| 7 |
$3,509,580 |
$1,258,875
$107,744 |
$2,142,961 |
| 8 |
$3,685,146 |
$1,323,834
$113,134 |
$2,248,178 |
| 9 |
$3,869,412 |
$1,392,013
$118,791 |
$2,358,608 |
| 10 |
$4,062,900 |
$1,463,603
$124,731 |
$2,474,566 |
| 11 |
$4,265,958 |
$1,538,735
$130,965 |
$2,596,258 |
| 12 |
$4,479,282 |
$1,617,665
$137,514 |
$2,724,103 |
| 13 |
$4,703,220 |
$1,700,522
$144,389 |
$2,858,309 |
| 14 |
$4,938,468 |
$1,787,564
$151,611 |
$2,999,293 |
| 15 |
$5,185,374 |
$1,878,919
$159,191 |
$3,147,264 |
| 16 |
$5,444,634 |
$1,974,845
$167,150 |
$3,302,639 |
| 17 |
$5,716,770 |
$2,075,535
$175,505 |
$3,465,730 |
| 18 |
$6,002,652 |
$2,181,312
$184,281 |
$3,637,059 |
| 19 |
$6,302,802 |
$2,292,367
$193,496 |
$3,816,939 |
| 20 |
$6,617,916 |
$2,408,959
$203,170 |
$4,005,787 |
| 21 |
$6,948,864 |
$2,531,410
$213,330 |
$4,204,124 |
| 22 |
$7,296,342 |
$2,659,977
$223,998 |
$4,412,367 |
| 23 |
$7,661,046 |
$2,794,917
$235,194 |
$4,630,935 |
| 24 |
$8,044,194 |
$2,936,682
$246,957 |
$4,860,555 |
| 25 |
$8,446,308 |
$3,085,464
$259,302 |
$5,101,542 |
| 26 |
$8,868,780 |
$3,241,779
$272,272 |
$5,354,729 |
| 27 |
$9,312,132 |
$3,405,819
$285,882 |
$5,620,431 |
| 28 |
$9,777,756 |
$3,578,100
$300,177 |
$5,899,479 |
| 29 |
$10,266,696 |
$3,759,008
$315,188 |
$6,192,500 |
| 30 |
$10,779,996 |
$3,948,929
$330,946 |
$6,500,121 |
|
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