The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Oklahoma residents, the state will deduct 4.75% from your lottery earnings.
| Oklahoma Powerball Jackpot/Cash Option for Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(4.75%) | $3,524,500 | | Net Lumpsum Payment | $43,261,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$115,817 |
$1,459,958 |
| 2 |
$2,560,248 |
$907,622
$121,612 |
$1,531,014 |
| 3 |
$2,688,228 |
$954,975
$127,691 |
$1,605,562 |
| 4 |
$2,822,688 |
$1,004,725
$134,078 |
$1,683,885 |
| 5 |
$2,963,790 |
$1,056,933
$140,780 |
$1,766,077 |
| 6 |
$3,112,020 |
$1,111,778
$147,821 |
$1,852,421 |
| 7 |
$3,267,540 |
$1,169,320
$155,208 |
$1,943,012 |
| 8 |
$3,430,998 |
$1,229,800
$162,972 |
$2,038,226 |
| 9 |
$3,602,556 |
$1,293,276
$171,121 |
$2,138,159 |
| 10 |
$3,782,700 |
$1,359,929
$179,678 |
$2,243,093 |
| 11 |
$3,971,754 |
$1,429,879
$188,658 |
$2,353,217 |
| 12 |
$4,170,366 |
$1,503,366
$198,092 |
$2,468,908 |
| 13 |
$4,378,860 |
$1,580,509
$207,996 |
$2,590,355 |
| 14 |
$4,597,884 |
$1,661,547
$218,399 |
$2,717,938 |
| 15 |
$4,827,762 |
$1,746,602
$229,319 |
$2,851,841 |
| 16 |
$5,069,142 |
$1,835,913
$240,784 |
$2,992,445 |
| 17 |
$5,322,510 |
$1,929,659
$252,819 |
$3,140,032 |
| 18 |
$5,588,676 |
$2,028,141
$265,462 |
$3,295,073 |
| 19 |
$5,868,126 |
$2,131,537
$278,736 |
$3,457,853 |
| 20 |
$6,161,508 |
$2,240,088
$292,672 |
$3,628,748 |
| 21 |
$6,469,632 |
$2,354,094
$307,308 |
$3,808,230 |
| 22 |
$6,793,146 |
$2,473,794
$322,674 |
$3,996,678 |
| 23 |
$7,132,698 |
$2,599,429
$338,803 |
$4,194,466 |
| 24 |
$7,489,422 |
$2,731,417
$355,748 |
$4,402,257 |
| 25 |
$7,863,804 |
$2,869,938
$373,531 |
$4,620,335 |
| 26 |
$8,257,140 |
$3,015,472
$392,214 |
$4,849,454 |
| 27 |
$8,669,916 |
$3,168,199
$411,821 |
$5,089,896 |
| 28 |
$9,103,428 |
$3,328,599
$432,413 |
$5,342,416 |
| 29 |
$9,558,648 |
$3,497,030
$454,036 |
$5,607,582 |
| 30 |
$10,036,548 |
$3,673,853
$476,736 |
$5,885,959 |
|
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