The jackpot for the Powerball draw on Sat Dec 20, 2025, is projected to be $1.50 Billion, with an option for a cash payout of $686.5 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 Dec 20, 2025 |
|---|
| Draw Date | Sat Dec 20, 2025 | | Projected Jackpot | $1,500,000,000 | | Cash Value | $686,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $686,500,000 | | Federal Tax(24%) | $164,760,000 | | Additional Federal Tax | $89,205,330 | | State Tax(3.07%) | $21,075,550 | | Net Lumpsum Payment | $411,459,120 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$22,576,500 |
$8,313,635
$693,099 |
$13,569,766 |
| 2 |
$23,706,000 |
$8,731,550
$727,774 |
$14,246,676 |
| 3 |
$24,891,000 |
$9,170,000
$764,154 |
$14,956,846 |
| 4 |
$26,136,000 |
$9,630,650
$802,375 |
$15,702,975 |
| 5 |
$27,442,500 |
$10,114,055
$842,485 |
$16,485,960 |
| 6 |
$28,815,000 |
$10,621,880
$884,621 |
$17,308,499 |
| 7 |
$30,255,000 |
$11,154,680
$928,829 |
$18,171,491 |
| 8 |
$31,768,500 |
$11,714,675
$975,293 |
$19,078,532 |
| 9 |
$33,357,000 |
$12,302,420
$1,024,060 |
$20,030,520 |
| 10 |
$35,025,000 |
$12,919,580
$1,075,268 |
$21,030,152 |
| 11 |
$36,775,500 |
$13,567,265
$1,129,008 |
$22,079,227 |
| 12 |
$38,614,500 |
$14,247,695
$1,185,465 |
$23,181,340 |
| 13 |
$40,545,000 |
$14,961,980
$1,244,732 |
$24,338,288 |
| 14 |
$42,573,000 |
$15,712,340
$1,306,991 |
$25,553,669 |
| 15 |
$44,701,500 |
$16,499,885
$1,372,336 |
$26,829,279 |
| 16 |
$46,936,500 |
$17,326,835
$1,440,951 |
$28,168,714 |
| 17 |
$49,282,500 |
$18,194,855
$1,512,973 |
$29,574,672 |
| 18 |
$51,747,000 |
$19,106,720
$1,588,633 |
$31,051,647 |
| 19 |
$54,334,500 |
$20,064,095
$1,668,069 |
$32,602,336 |
| 20 |
$57,051,000 |
$21,069,200
$1,751,466 |
$34,230,334 |
| 21 |
$59,904,000 |
$22,124,810
$1,839,053 |
$35,940,137 |
| 22 |
$62,899,500 |
$23,233,145
$1,931,015 |
$37,735,340 |
| 23 |
$66,043,500 |
$24,396,425
$2,027,535 |
$39,619,540 |
| 24 |
$69,346,500 |
$25,618,535
$2,128,938 |
$41,599,027 |
| 25 |
$72,813,000 |
$26,901,140
$2,235,359 |
$43,676,501 |
| 26 |
$76,455,000 |
$28,248,680
$2,347,169 |
$45,859,151 |
| 27 |
$80,277,000 |
$29,662,820
$2,464,504 |
$48,149,676 |
| 28 |
$84,291,000 |
$31,148,000
$2,587,734 |
$50,555,266 |
| 29 |
$88,506,000 |
$32,707,550
$2,717,134 |
$53,081,316 |
| 30 |
$92,931,000 |
$34,344,800
$2,852,982 |
$55,733,218 |
|
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