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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania 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(3.07%) | $2,277,940 | | Net Lumpsum Payment | $44,507,730 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$74,855 |
$1,500,920 |
| 2 |
$2,560,248 |
$907,622
$78,600 |
$1,574,026 |
| 3 |
$2,688,228 |
$954,975
$82,529 |
$1,650,724 |
| 4 |
$2,822,688 |
$1,004,725
$86,657 |
$1,731,306 |
| 5 |
$2,963,790 |
$1,056,933
$90,988 |
$1,815,869 |
| 6 |
$3,112,020 |
$1,111,778
$95,539 |
$1,904,703 |
| 7 |
$3,267,540 |
$1,169,320
$100,313 |
$1,997,907 |
| 8 |
$3,430,998 |
$1,229,800
$105,332 |
$2,095,866 |
| 9 |
$3,602,556 |
$1,293,276
$110,598 |
$2,198,682 |
| 10 |
$3,782,700 |
$1,359,929
$116,129 |
$2,306,642 |
| 11 |
$3,971,754 |
$1,429,879
$121,933 |
$2,419,942 |
| 12 |
$4,170,366 |
$1,503,366
$128,030 |
$2,538,970 |
| 13 |
$4,378,860 |
$1,580,509
$134,431 |
$2,663,920 |
| 14 |
$4,597,884 |
$1,661,547
$141,155 |
$2,795,182 |
| 15 |
$4,827,762 |
$1,746,602
$148,212 |
$2,932,948 |
| 16 |
$5,069,142 |
$1,835,913
$155,623 |
$3,077,606 |
| 17 |
$5,322,510 |
$1,929,659
$163,401 |
$3,229,450 |
| 18 |
$5,588,676 |
$2,028,141
$171,572 |
$3,388,963 |
| 19 |
$5,868,126 |
$2,131,537
$180,151 |
$3,556,438 |
| 20 |
$6,161,508 |
$2,240,088
$189,158 |
$3,732,262 |
| 21 |
$6,469,632 |
$2,354,094
$198,618 |
$3,916,920 |
| 22 |
$6,793,146 |
$2,473,794
$208,550 |
$4,110,802 |
| 23 |
$7,132,698 |
$2,599,429
$218,974 |
$4,314,295 |
| 24 |
$7,489,422 |
$2,731,417
$229,925 |
$4,528,080 |
| 25 |
$7,863,804 |
$2,869,938
$241,419 |
$4,752,447 |
| 26 |
$8,257,140 |
$3,015,472
$253,494 |
$4,988,174 |
| 27 |
$8,669,916 |
$3,168,199
$266,166 |
$5,235,551 |
| 28 |
$9,103,428 |
$3,328,599
$279,475 |
$5,495,354 |
| 29 |
$9,558,648 |
$3,497,030
$293,450 |
$5,768,168 |
| 30 |
$10,036,548 |
$3,673,853
$308,122 |
$6,054,573 |
|
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