The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(4.75%) | $10,397,750 | | Net Lumpsum Payment | $127,548,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$344,593 |
$4,265,463 |
| 2 |
$7,617,528 |
$2,778,816
$361,833 |
$4,476,879 |
| 3 |
$7,998,308 |
$2,919,704
$379,920 |
$4,698,684 |
| 4 |
$8,398,368 |
$3,067,727
$398,922 |
$4,931,719 |
| 5 |
$8,818,190 |
$3,223,061
$418,864 |
$5,176,265 |
| 6 |
$9,259,220 |
$3,386,242
$439,813 |
$5,433,165 |
| 7 |
$9,721,940 |
$3,557,448
$461,792 |
$5,702,700 |
| 8 |
$10,208,278 |
$3,737,393
$484,893 |
$5,985,992 |
| 9 |
$10,718,716 |
$3,926,255
$509,139 |
$6,283,322 |
| 10 |
$11,254,700 |
$4,124,569
$534,598 |
$6,595,533 |
| 11 |
$11,817,194 |
$4,332,692
$561,317 |
$6,923,185 |
| 12 |
$12,408,126 |
$4,551,337
$589,386 |
$7,267,403 |
| 13 |
$13,028,460 |
$4,780,861
$618,852 |
$7,628,747 |
| 14 |
$13,680,124 |
$5,021,976
$649,806 |
$8,008,342 |
| 15 |
$14,364,082 |
$5,275,041
$682,294 |
$8,406,747 |
| 16 |
$15,082,262 |
$5,540,767
$716,407 |
$8,825,088 |
| 17 |
$15,836,110 |
$5,819,691
$752,215 |
$9,264,204 |
| 18 |
$16,628,036 |
$6,112,704
$789,832 |
$9,725,500 |
| 19 |
$17,459,486 |
$6,420,340
$829,326 |
$10,209,820 |
| 20 |
$18,332,388 |
$6,743,314
$870,788 |
$10,718,286 |
| 21 |
$19,249,152 |
$7,082,517
$914,335 |
$11,252,300 |
| 22 |
$20,211,706 |
$7,438,662
$960,056 |
$11,812,988 |
| 23 |
$21,221,978 |
$7,812,462
$1,008,044 |
$12,401,472 |
| 24 |
$22,283,342 |
$8,205,167
$1,058,459 |
$13,019,716 |
| 25 |
$23,397,244 |
$8,617,311
$1,111,369 |
$13,668,564 |
| 26 |
$24,567,540 |
$9,050,320
$1,166,958 |
$14,350,262 |
| 27 |
$25,795,676 |
$9,504,731
$1,225,295 |
$15,065,650 |
| 28 |
$27,085,508 |
$9,981,968
$1,286,562 |
$15,816,978 |
| 29 |
$28,439,928 |
$10,483,104
$1,350,897 |
$16,605,927 |
| 30 |
$29,861,828 |
$11,009,207
$1,418,437 |
$17,434,184 |
|
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