The jackpot for the Powerball draw on Sat May 10, 2025, is projected to be $82 Million, with an option for a cash payout of $37.7 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 May 10, 2025 |
|---|
| Draw Date | Sat May 10, 2025 | | Projected Jackpot | $82,000,000 | | Cash Value | $37,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,700,000 | | Federal Tax(24%) | $9,048,000 | | Additional Federal Tax | $4,861,330 | | State Tax(8%) | $3,016,000 | | Net Lumpsum Payment | $20,774,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,234,182 |
$416,978
$98,735 |
$718,469 |
| 2 |
$1,295,928 |
$439,824
$103,674 |
$752,430 |
| 3 |
$1,360,708 |
$463,792
$108,857 |
$788,059 |
| 4 |
$1,428,768 |
$488,975
$114,301 |
$825,492 |
| 5 |
$1,500,190 |
$515,401
$120,015 |
$864,774 |
| 6 |
$1,575,220 |
$543,162
$126,018 |
$906,040 |
| 7 |
$1,653,940 |
$572,288
$132,315 |
$949,337 |
| 8 |
$1,736,678 |
$602,901
$138,934 |
$994,843 |
| 9 |
$1,823,516 |
$635,031
$145,881 |
$1,042,604 |
| 10 |
$1,914,700 |
$668,769
$153,176 |
$1,092,755 |
| 11 |
$2,010,394 |
$704,176
$160,832 |
$1,145,386 |
| 12 |
$2,110,926 |
$741,373
$168,874 |
$1,200,679 |
| 13 |
$2,216,460 |
$780,421
$177,317 |
$1,258,722 |
| 14 |
$2,327,324 |
$821,440
$186,186 |
$1,319,698 |
| 15 |
$2,443,682 |
$864,493
$195,495 |
$1,383,694 |
| 16 |
$2,565,862 |
$909,699
$205,269 |
$1,450,894 |
| 17 |
$2,694,110 |
$957,151
$215,529 |
$1,521,430 |
| 18 |
$2,828,836 |
$1,007,000
$226,307 |
$1,595,529 |
| 19 |
$2,970,286 |
$1,059,336
$237,623 |
$1,673,327 |
| 20 |
$3,118,788 |
$1,114,282
$249,503 |
$1,755,003 |
| 21 |
$3,274,752 |
$1,171,989
$261,980 |
$1,840,783 |
| 22 |
$3,438,506 |
$1,232,578
$275,080 |
$1,930,848 |
| 23 |
$3,610,378 |
$1,296,170
$288,830 |
$2,025,378 |
| 24 |
$3,790,942 |
$1,362,979
$303,275 |
$2,124,688 |
| 25 |
$3,980,444 |
$1,433,095
$318,436 |
$2,228,913 |
| 26 |
$4,179,540 |
$1,506,760
$334,363 |
$2,338,417 |
| 27 |
$4,388,476 |
$1,584,067
$351,078 |
$2,453,331 |
| 28 |
$4,607,908 |
$1,665,256
$368,633 |
$2,574,019 |
| 29 |
$4,838,328 |
$1,750,512
$387,066 |
$2,700,750 |
| 30 |
$5,080,228 |
$1,840,015
$406,418 |
$2,833,795 |
|
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