The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Wed Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(3.07%) | $1,934,100 | | Net Lumpsum Payment | $37,795,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$64,689 |
$1,302,479 |
| 2 |
$2,212,560 |
$778,978
$67,926 |
$1,365,656 |
| 3 |
$2,323,160 |
$819,900
$71,321 |
$1,431,939 |
| 4 |
$2,439,360 |
$862,894
$74,888 |
$1,501,578 |
| 5 |
$2,561,300 |
$908,011
$78,632 |
$1,574,657 |
| 6 |
$2,689,400 |
$955,408
$82,565 |
$1,651,427 |
| 7 |
$2,823,800 |
$1,005,136
$86,691 |
$1,731,973 |
| 8 |
$2,965,060 |
$1,057,403
$91,027 |
$1,816,630 |
| 9 |
$3,113,320 |
$1,112,259
$95,579 |
$1,905,482 |
| 10 |
$3,269,000 |
$1,169,860
$100,358 |
$1,998,782 |
| 11 |
$3,432,380 |
$1,230,311
$105,374 |
$2,096,695 |
| 12 |
$3,604,020 |
$1,293,818
$110,643 |
$2,199,559 |
| 13 |
$3,784,200 |
$1,360,484
$116,175 |
$2,307,541 |
| 14 |
$3,973,480 |
$1,430,518
$121,986 |
$2,420,976 |
| 15 |
$4,172,140 |
$1,504,022
$128,085 |
$2,540,033 |
| 16 |
$4,380,740 |
$1,581,204
$134,489 |
$2,665,047 |
| 17 |
$4,599,700 |
$1,662,219
$141,211 |
$2,796,270 |
| 18 |
$4,829,720 |
$1,747,327
$148,272 |
$2,934,121 |
| 19 |
$5,071,220 |
$1,836,682
$155,686 |
$3,078,852 |
| 20 |
$5,324,760 |
$1,930,492
$163,470 |
$3,230,798 |
| 21 |
$5,591,040 |
$2,029,015
$171,645 |
$3,390,380 |
| 22 |
$5,870,620 |
$2,132,460
$180,228 |
$3,557,932 |
| 23 |
$6,164,060 |
$2,241,033
$189,237 |
$3,733,790 |
| 24 |
$6,472,340 |
$2,355,096
$198,701 |
$3,918,543 |
| 25 |
$6,795,880 |
$2,474,806
$208,634 |
$4,112,440 |
| 26 |
$7,135,800 |
$2,600,576
$219,069 |
$4,316,155 |
| 27 |
$7,492,520 |
$2,732,563
$230,020 |
$4,529,937 |
| 28 |
$7,867,160 |
$2,871,180
$241,522 |
$4,754,458 |
| 29 |
$8,260,560 |
$3,016,738
$253,599 |
$4,990,223 |
| 30 |
$8,673,560 |
$3,169,548
$266,278 |
$5,237,734 |
|
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