The jackpot for the Powerball draw on Mon Jun 16, 2025, is projected to be $90 Million, with an option for a cash payout of $40.7 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 Oklahoma residents, the state will deduct 4.75% from your lottery earnings.
| Oklahoma Powerball Jackpot/Cash Option for Mon Jun 16, 2025 |
|---|
| Draw Date | Mon Jun 16, 2025 | | Projected Jackpot | $90,000,000 | | Cash Value | $40,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $40,700,000 | | Federal Tax(24%) | $9,768,000 | | Additional Federal Tax | $5,251,330 | | State Tax(4.75%) | $1,933,250 | | Net Lumpsum Payment | $23,747,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,354,590 |
$461,529
$64,343 |
$828,718 |
| 2 |
$1,422,360 |
$486,604
$67,562 |
$868,194 |
| 3 |
$1,493,460 |
$512,911
$70,939 |
$909,610 |
| 4 |
$1,568,160 |
$540,550
$74,488 |
$953,122 |
| 5 |
$1,646,550 |
$569,554
$78,211 |
$998,785 |
| 6 |
$1,728,900 |
$600,023
$82,123 |
$1,046,754 |
| 7 |
$1,815,300 |
$631,991
$86,227 |
$1,097,082 |
| 8 |
$1,906,110 |
$665,591
$90,540 |
$1,149,979 |
| 9 |
$2,001,420 |
$700,856
$95,067 |
$1,205,497 |
| 10 |
$2,101,500 |
$737,885
$99,821 |
$1,263,794 |
| 11 |
$2,206,530 |
$776,746
$104,810 |
$1,324,974 |
| 12 |
$2,316,870 |
$817,572
$110,051 |
$1,389,247 |
| 13 |
$2,432,700 |
$860,429
$115,553 |
$1,456,718 |
| 14 |
$2,554,380 |
$905,451
$121,333 |
$1,527,596 |
| 15 |
$2,682,090 |
$952,704
$127,399 |
$1,601,987 |
| 16 |
$2,816,190 |
$1,002,321
$133,769 |
$1,680,100 |
| 17 |
$2,956,950 |
$1,054,402
$140,455 |
$1,762,093 |
| 18 |
$3,104,820 |
$1,109,114
$147,479 |
$1,848,227 |
| 19 |
$3,260,070 |
$1,166,556
$154,853 |
$1,938,661 |
| 20 |
$3,423,060 |
$1,226,863
$162,595 |
$2,033,602 |
| 21 |
$3,594,240 |
$1,290,199
$170,726 |
$2,133,315 |
| 22 |
$3,773,970 |
$1,356,699
$179,264 |
$2,238,007 |
| 23 |
$3,962,610 |
$1,426,496
$188,224 |
$2,347,890 |
| 24 |
$4,160,790 |
$1,499,823
$197,638 |
$2,463,329 |
| 25 |
$4,368,780 |
$1,576,779
$207,517 |
$2,584,484 |
| 26 |
$4,587,300 |
$1,657,631
$217,897 |
$2,711,772 |
| 27 |
$4,816,620 |
$1,742,480
$228,789 |
$2,845,351 |
| 28 |
$5,057,460 |
$1,831,591
$240,229 |
$2,985,640 |
| 29 |
$5,310,360 |
$1,925,164
$252,242 |
$3,132,954 |
| 30 |
$5,575,860 |
$2,023,399
$264,853 |
$3,287,608 |
|
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