The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 Sat Sep 20, 2025 |
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Draw Date | Sat Sep 20, 2025 | Projected Jackpot | $99,000,000 | Cash Value | $46,300,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $46,300,000 | Federal Tax(24%) | $11,112,000 | Additional Federal Tax | $5,979,330 | State Tax(4.75%) | $2,199,250 | Net Lumpsum Payment | $27,009,420 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,490,049 |
$511,649 $70,777 |
$907,623 |
2 |
$1,564,596 |
$539,231 $74,318 |
$951,047 |
3 |
$1,642,806 |
$568,169 $78,033 |
$996,604 |
4 |
$1,724,976 |
$598,572 $81,936 |
$1,044,468 |
5 |
$1,811,205 |
$630,476 $86,032 |
$1,094,697 |
6 |
$1,901,790 |
$663,993 $90,335 |
$1,147,462 |
7 |
$1,996,830 |
$699,157 $94,849 |
$1,202,824 |
8 |
$2,096,721 |
$736,117 $99,594 |
$1,261,010 |
9 |
$2,201,562 |
$774,908 $104,574 |
$1,322,080 |
10 |
$2,311,650 |
$815,641 $109,803 |
$1,386,206 |
11 |
$2,427,183 |
$858,388 $115,291 |
$1,453,504 |
12 |
$2,548,557 |
$903,296 $121,056 |
$1,524,205 |
13 |
$2,675,970 |
$950,439 $127,109 |
$1,598,422 |
14 |
$2,809,818 |
$999,963 $133,466 |
$1,676,389 |
15 |
$2,950,299 |
$1,051,941 $140,139 |
$1,758,219 |
16 |
$3,097,809 |
$1,106,520 $147,146 |
$1,844,143 |
17 |
$3,252,645 |
$1,163,809 $154,501 |
$1,934,335 |
18 |
$3,415,302 |
$1,223,992 $162,227 |
$2,029,083 |
19 |
$3,586,077 |
$1,287,179 $170,339 |
$2,128,559 |
20 |
$3,765,366 |
$1,353,516 $178,855 |
$2,232,995 |
21 |
$3,953,664 |
$1,423,186 $187,799 |
$2,342,679 |
22 |
$4,151,367 |
$1,496,336 $197,190 |
$2,457,841 |
23 |
$4,358,871 |
$1,573,113 $207,046 |
$2,578,712 |
24 |
$4,576,869 |
$1,653,772 $217,401 |
$2,705,696 |
25 |
$4,805,658 |
$1,738,424 $228,269 |
$2,838,965 |
26 |
$5,046,030 |
$1,827,361 $239,686 |
$2,978,983 |
27 |
$5,298,282 |
$1,920,695 $251,668 |
$3,125,919 |
28 |
$5,563,206 |
$2,018,717 $264,252 |
$3,280,237 |
29 |
$5,841,396 |
$2,121,647 $277,466 |
$3,442,283 |
30 |
$6,133,446 |
$2,229,705 $291,339 |
$3,612,402 |
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