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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania 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(3.07%) | $5,676,430 | | Net Lumpsum Payment | $110,850,240 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,170,910 |
$2,243,567
$189,447 |
$3,737,896 |
| 2 |
$6,479,640 |
$2,357,797
$198,925 |
$3,922,918 |
| 3 |
$6,803,540 |
$2,477,640
$208,869 |
$4,117,031 |
| 4 |
$7,143,840 |
$2,603,551
$219,316 |
$4,320,973 |
| 5 |
$7,500,950 |
$2,735,682
$230,279 |
$4,534,989 |
| 6 |
$7,876,100 |
$2,874,487
$241,796 |
$4,759,817 |
| 7 |
$8,269,700 |
$3,020,119
$253,880 |
$4,995,701 |
| 8 |
$8,683,390 |
$3,173,185
$266,580 |
$5,243,625 |
| 9 |
$9,117,580 |
$3,333,835
$279,910 |
$5,503,835 |
| 10 |
$9,573,500 |
$3,502,525
$293,906 |
$5,777,069 |
| 11 |
$10,051,970 |
$3,679,559
$308,595 |
$6,063,816 |
| 12 |
$10,554,630 |
$3,865,543
$324,027 |
$6,365,060 |
| 13 |
$11,082,300 |
$4,060,781
$340,227 |
$6,681,292 |
| 14 |
$11,636,620 |
$4,265,880
$357,244 |
$7,013,496 |
| 15 |
$12,218,410 |
$4,481,142
$375,105 |
$7,362,163 |
| 16 |
$12,829,310 |
$4,707,175
$393,860 |
$7,728,275 |
| 17 |
$13,470,550 |
$4,944,434
$413,546 |
$8,112,570 |
| 18 |
$14,144,180 |
$5,193,677
$434,226 |
$8,516,277 |
| 19 |
$14,851,430 |
$5,455,359
$455,939 |
$8,940,132 |
| 20 |
$15,593,940 |
$5,730,088
$478,734 |
$9,385,118 |
| 21 |
$16,373,760 |
$6,018,622
$502,674 |
$9,852,464 |
| 22 |
$17,192,530 |
$6,321,566
$527,811 |
$10,343,153 |
| 23 |
$18,051,890 |
$6,639,530
$554,193 |
$10,858,167 |
| 24 |
$18,954,710 |
$6,973,573
$581,910 |
$11,399,227 |
| 25 |
$19,902,220 |
$7,324,152
$610,998 |
$11,967,070 |
| 26 |
$20,897,700 |
$7,692,479
$641,559 |
$12,563,662 |
| 27 |
$21,942,380 |
$8,079,011
$673,631 |
$13,189,738 |
| 28 |
$23,039,540 |
$8,484,960
$707,314 |
$13,847,266 |
| 29 |
$24,191,640 |
$8,911,237
$742,683 |
$14,537,720 |
| 30 |
$25,401,140 |
$9,358,752
$779,815 |
$15,262,573 |
|
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