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 |
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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(3.07%) | $2,446,790 | Net Lumpsum Payment | $47,803,880 |
Annuity Payment in 30 Installations |
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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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