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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania Powerball Jackpot/Cash Option for Sat Aug 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(3.07%) | $13,167,230 | | Net Lumpsum Payment | $257,079,440 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$438,962 |
$8,608,731 |
| 2 |
$15,013,800 |
$5,515,436
$460,924 |
$9,037,440 |
| 3 |
$15,764,300 |
$5,793,121
$483,964 |
$9,487,215 |
| 4 |
$16,552,800 |
$6,084,866
$508,171 |
$9,959,763 |
| 5 |
$17,380,250 |
$6,391,023
$533,574 |
$10,455,653 |
| 6 |
$18,249,500 |
$6,712,645
$560,260 |
$10,976,595 |
| 7 |
$19,161,500 |
$7,050,085
$588,258 |
$11,523,157 |
| 8 |
$20,120,050 |
$7,404,749
$617,686 |
$12,097,615 |
| 9 |
$21,126,100 |
$7,776,987
$648,571 |
$12,700,542 |
| 10 |
$22,182,500 |
$8,167,855
$681,003 |
$13,333,642 |
| 11 |
$23,291,150 |
$8,578,056
$715,038 |
$13,998,056 |
| 12 |
$24,455,850 |
$9,008,995
$750,795 |
$14,696,060 |
| 13 |
$25,678,500 |
$9,461,375
$788,330 |
$15,428,795 |
| 14 |
$26,962,900 |
$9,936,603
$827,761 |
$16,198,536 |
| 15 |
$28,310,950 |
$10,435,382
$869,146 |
$17,006,422 |
| 16 |
$29,726,450 |
$10,959,117
$912,602 |
$17,854,731 |
| 17 |
$31,212,250 |
$11,508,863
$958,216 |
$18,745,171 |
| 18 |
$32,773,100 |
$12,086,377
$1,006,134 |
$19,680,589 |
| 19 |
$34,411,850 |
$12,692,715
$1,056,444 |
$20,662,691 |
| 20 |
$36,132,300 |
$13,329,281
$1,109,262 |
$21,693,757 |
| 21 |
$37,939,200 |
$13,997,834
$1,164,733 |
$22,776,633 |
| 22 |
$39,836,350 |
$14,699,780
$1,222,976 |
$23,913,594 |
| 23 |
$41,827,550 |
$15,436,524
$1,284,106 |
$25,106,920 |
| 24 |
$43,919,450 |
$16,210,527
$1,348,327 |
$26,360,596 |
| 25 |
$46,114,900 |
$17,022,843
$1,415,727 |
$27,676,330 |
| 26 |
$48,421,500 |
$17,876,285
$1,486,540 |
$29,058,675 |
| 27 |
$50,842,100 |
$18,771,907
$1,560,852 |
$30,509,341 |
| 28 |
$53,384,300 |
$19,712,521
$1,638,898 |
$32,032,881 |
| 29 |
$56,053,800 |
$20,700,236
$1,720,852 |
$33,632,712 |
| 30 |
$58,856,300 |
$21,737,161
$1,806,888 |
$35,312,251 |
|
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