The jackpot for the Powerball draw on Sat May 10, 2025, is projected to be $82 Million, with an option for a cash payout of $37.7 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 Sat May 10, 2025 |
|---|
| Draw Date | Sat May 10, 2025 | | Projected Jackpot | $82,000,000 | | Cash Value | $37,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,700,000 | | Federal Tax(24%) | $9,048,000 | | Additional Federal Tax | $4,861,330 | | State Tax(3.07%) | $1,157,390 | | Net Lumpsum Payment | $22,633,280 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,234,182 |
$416,978
$37,889 |
$779,315 |
| 2 |
$1,295,928 |
$439,824
$39,785 |
$816,319 |
| 3 |
$1,360,708 |
$463,792
$41,774 |
$855,142 |
| 4 |
$1,428,768 |
$488,975
$43,863 |
$895,930 |
| 5 |
$1,500,190 |
$515,401
$46,056 |
$938,733 |
| 6 |
$1,575,220 |
$543,162
$48,359 |
$983,699 |
| 7 |
$1,653,940 |
$572,288
$50,776 |
$1,030,876 |
| 8 |
$1,736,678 |
$602,901
$53,316 |
$1,080,461 |
| 9 |
$1,823,516 |
$635,031
$55,982 |
$1,132,503 |
| 10 |
$1,914,700 |
$668,769
$58,781 |
$1,187,150 |
| 11 |
$2,010,394 |
$704,176
$61,719 |
$1,244,499 |
| 12 |
$2,110,926 |
$741,373
$64,805 |
$1,304,748 |
| 13 |
$2,216,460 |
$780,421
$68,045 |
$1,367,994 |
| 14 |
$2,327,324 |
$821,440
$71,449 |
$1,434,435 |
| 15 |
$2,443,682 |
$864,493
$75,021 |
$1,504,168 |
| 16 |
$2,565,862 |
$909,699
$78,772 |
$1,577,391 |
| 17 |
$2,694,110 |
$957,151
$82,709 |
$1,654,250 |
| 18 |
$2,828,836 |
$1,007,000
$86,845 |
$1,734,991 |
| 19 |
$2,970,286 |
$1,059,336
$91,188 |
$1,819,762 |
| 20 |
$3,118,788 |
$1,114,282
$95,747 |
$1,908,759 |
| 21 |
$3,274,752 |
$1,171,989
$100,535 |
$2,002,228 |
| 22 |
$3,438,506 |
$1,232,578
$105,562 |
$2,100,366 |
| 23 |
$3,610,378 |
$1,296,170
$110,839 |
$2,203,369 |
| 24 |
$3,790,942 |
$1,362,979
$116,382 |
$2,311,581 |
| 25 |
$3,980,444 |
$1,433,095
$122,200 |
$2,425,149 |
| 26 |
$4,179,540 |
$1,506,760
$128,312 |
$2,544,468 |
| 27 |
$4,388,476 |
$1,584,067
$134,726 |
$2,669,683 |
| 28 |
$4,607,908 |
$1,665,256
$141,463 |
$2,801,189 |
| 29 |
$4,838,328 |
$1,750,512
$148,537 |
$2,939,279 |
| 30 |
$5,080,228 |
$1,840,015
$155,963 |
$3,084,250 |
|
|
