The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 Oregon residents, the state will deduct 8% from your lottery earnings.
Oregon Powerball Jackpot/Cash Option for Sat Aug 30, 2025 |
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Draw Date | Sat Aug 30, 2025 | Projected Jackpot | $950,000,000 | Cash Value | $428,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $428,900,000 | Federal Tax(24%) | $102,936,000 | Additional Federal Tax | $55,717,330 | State Tax(8%) | $34,312,000 | Net Lumpsum Payment | $235,934,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$14,298,450 |
$5,250,757 $1,143,876 |
$7,903,817 |
2 |
$15,013,800 |
$5,515,436 $1,201,104 |
$8,297,260 |
3 |
$15,764,300 |
$5,793,121 $1,261,144 |
$8,710,035 |
4 |
$16,552,800 |
$6,084,866 $1,324,224 |
$9,143,710 |
5 |
$17,380,250 |
$6,391,023 $1,390,420 |
$9,598,807 |
6 |
$18,249,500 |
$6,712,645 $1,459,960 |
$10,076,895 |
7 |
$19,161,500 |
$7,050,085 $1,532,920 |
$10,578,495 |
8 |
$20,120,050 |
$7,404,749 $1,609,604 |
$11,105,697 |
9 |
$21,126,100 |
$7,776,987 $1,690,088 |
$11,659,025 |
10 |
$22,182,500 |
$8,167,855 $1,774,600 |
$12,240,045 |
11 |
$23,291,150 |
$8,578,056 $1,863,292 |
$12,849,802 |
12 |
$24,455,850 |
$9,008,995 $1,956,468 |
$13,490,387 |
13 |
$25,678,500 |
$9,461,375 $2,054,280 |
$14,162,845 |
14 |
$26,962,900 |
$9,936,603 $2,157,032 |
$14,869,265 |
15 |
$28,310,950 |
$10,435,382 $2,264,876 |
$15,610,692 |
16 |
$29,726,450 |
$10,959,117 $2,378,116 |
$16,389,217 |
17 |
$31,212,250 |
$11,508,863 $2,496,980 |
$17,206,407 |
18 |
$32,773,100 |
$12,086,377 $2,621,848 |
$18,064,875 |
19 |
$34,411,850 |
$12,692,715 $2,752,948 |
$18,966,187 |
20 |
$36,132,300 |
$13,329,281 $2,890,584 |
$19,912,435 |
21 |
$37,939,200 |
$13,997,834 $3,035,136 |
$20,906,230 |
22 |
$39,836,350 |
$14,699,780 $3,186,908 |
$21,949,662 |
23 |
$41,827,550 |
$15,436,524 $3,346,204 |
$23,044,822 |
24 |
$43,919,450 |
$16,210,527 $3,513,556 |
$24,195,367 |
25 |
$46,114,900 |
$17,022,843 $3,689,192 |
$25,402,865 |
26 |
$48,421,500 |
$17,876,285 $3,873,720 |
$26,671,495 |
27 |
$50,842,100 |
$18,771,907 $4,067,368 |
$28,002,825 |
28 |
$53,384,300 |
$19,712,521 $4,270,744 |
$29,401,035 |
29 |
$56,053,800 |
$20,700,236 $4,484,304 |
$30,869,260 |
30 |
$58,856,300 |
$21,737,161 $4,708,504 |
$32,410,635 |
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