The jackpot for the Powerball draw on Mon Apr 28, 2025, is projected to be $20 Million, with an option for a cash payout of $9.2 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 Oregon residents, the state will deduct 8% from your lottery earnings.
| Oregon Powerball Jackpot/Cash Option for Mon Apr 28, 2025 |
|---|
| Draw Date | Mon Apr 28, 2025 | | Projected Jackpot | $20,000,000 | | Cash Value | $9,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $9,200,000 | | Federal Tax(24%) | $2,208,000 | | Additional Federal Tax | $1,156,330 | | State Tax(8%) | $736,000 | | Net Lumpsum Payment | $5,099,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$301,020 |
$71,708
$24,082 |
$205,230 |
| 2 |
$316,080 |
$77,280
$25,286 |
$213,514 |
| 3 |
$331,880 |
$83,126
$26,550 |
$222,204 |
| 4 |
$348,480 |
$89,268
$27,878 |
$231,334 |
| 5 |
$365,900 |
$95,713
$29,272 |
$240,915 |
| 6 |
$384,200 |
$102,484
$30,736 |
$250,980 |
| 7 |
$403,400 |
$109,588
$32,272 |
$261,540 |
| 8 |
$423,580 |
$117,055
$33,886 |
$272,639 |
| 9 |
$444,760 |
$124,892
$35,581 |
$284,287 |
| 10 |
$467,000 |
$133,120
$37,360 |
$296,520 |
| 11 |
$490,340 |
$141,756
$39,227 |
$309,357 |
| 12 |
$514,860 |
$150,829
$41,189 |
$322,842 |
| 13 |
$540,600 |
$160,352
$43,248 |
$337,000 |
| 14 |
$567,640 |
$170,357
$45,411 |
$351,872 |
| 15 |
$596,020 |
$180,858
$47,682 |
$367,480 |
| 16 |
$625,820 |
$191,884
$50,066 |
$383,870 |
| 17 |
$657,100 |
$203,457
$52,568 |
$401,075 |
| 18 |
$689,960 |
$215,616
$55,197 |
$419,147 |
| 19 |
$724,460 |
$228,381
$57,957 |
$438,122 |
| 20 |
$760,680 |
$241,782
$60,854 |
$458,044 |
| 21 |
$798,720 |
$255,857
$63,898 |
$478,965 |
| 22 |
$838,660 |
$270,635
$67,093 |
$500,932 |
| 23 |
$880,580 |
$286,145
$70,446 |
$523,989 |
| 24 |
$924,620 |
$302,440
$73,970 |
$548,210 |
| 25 |
$970,840 |
$319,541
$77,667 |
$573,632 |
| 26 |
$1,019,400 |
$337,508
$81,552 |
$600,340 |
| 27 |
$1,070,360 |
$356,364
$85,629 |
$628,367 |
| 28 |
$1,123,880 |
$376,166
$89,910 |
$657,804 |
| 29 |
$1,180,080 |
$396,960
$94,406 |
$688,714 |
| 30 |
$1,239,080 |
$418,790
$99,126 |
$721,164 |
|
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