The jackpot for the Powerball draw on Wed Jun 11, 2025, is projected to be $65 Million, with an option for a cash payout of $29.2 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 Wed Jun 11, 2025 |
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Draw Date | Wed Jun 11, 2025 | Projected Jackpot | $65,000,000 | Cash Value | $29,200,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $29,200,000 | Federal Tax(24%) | $7,008,000 | Additional Federal Tax | $3,756,330 | State Tax(4.75%) | $1,387,000 | Net Lumpsum Payment | $17,048,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$978,315 |
$322,307 $46,470 |
$609,538 |
2 |
$1,027,260 |
$340,417 $48,795 |
$638,048 |
3 |
$1,078,610 |
$359,416 $51,234 |
$667,960 |
4 |
$1,132,560 |
$379,378 $53,797 |
$699,385 |
5 |
$1,189,175 |
$400,325 $56,486 |
$732,364 |
6 |
$1,248,650 |
$422,331 $59,311 |
$767,008 |
7 |
$1,311,050 |
$445,419 $62,275 |
$803,356 |
8 |
$1,376,635 |
$469,685 $65,390 |
$841,560 |
9 |
$1,445,470 |
$495,154 $68,660 |
$881,656 |
10 |
$1,517,750 |
$521,898 $72,093 |
$923,759 |
11 |
$1,593,605 |
$549,964 $75,696 |
$967,945 |
12 |
$1,673,295 |
$579,450 $79,482 |
$1,014,363 |
13 |
$1,756,950 |
$610,402 $83,455 |
$1,063,093 |
14 |
$1,844,830 |
$642,917 $87,629 |
$1,114,284 |
15 |
$1,937,065 |
$677,044 $92,011 |
$1,168,010 |
16 |
$2,033,915 |
$712,879 $96,611 |
$1,224,425 |
17 |
$2,135,575 |
$750,493 $101,440 |
$1,283,642 |
18 |
$2,242,370 |
$790,007 $106,513 |
$1,345,850 |
19 |
$2,354,495 |
$831,494 $111,839 |
$1,411,162 |
20 |
$2,472,210 |
$875,048 $117,430 |
$1,479,732 |
21 |
$2,595,840 |
$920,791 $123,302 |
$1,551,747 |
22 |
$2,725,645 |
$968,819 $129,468 |
$1,627,358 |
23 |
$2,861,885 |
$1,019,228 $135,940 |
$1,706,717 |
24 |
$3,005,015 |
$1,072,186 $142,738 |
$1,790,091 |
25 |
$3,155,230 |
$1,127,765 $149,873 |
$1,877,592 |
26 |
$3,313,050 |
$1,186,159 $157,370 |
$1,969,521 |
27 |
$3,478,670 |
$1,247,438 $165,237 |
$2,065,995 |
28 |
$3,652,610 |
$1,311,796 $173,499 |
$2,167,315 |
29 |
$3,835,260 |
$1,379,377 $182,175 |
$2,273,708 |
30 |
$4,027,010 |
$1,450,324 $191,283 |
$2,385,403 |
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