The jackpot for the Powerball draw on Mon Jul 14, 2025, is projected to be $248 Million, with an option for a cash payout of $112.4 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 Mon Jul 14, 2025 |
|---|
| Draw Date | Mon Jul 14, 2025 | | Projected Jackpot | $248,000,000 | | Cash Value | $112,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,400,000 | | Federal Tax(24%) | $26,976,000 | | Additional Federal Tax | $14,572,330 | | State Tax(3.07%) | $3,450,680 | | Net Lumpsum Payment | $67,400,990 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,732,648 |
$1,341,410
$114,592 |
$2,276,646 |
| 2 |
$3,919,392 |
$1,410,505
$120,325 |
$2,388,562 |
| 3 |
$4,115,312 |
$1,482,996
$126,340 |
$2,505,976 |
| 4 |
$4,321,152 |
$1,559,157
$132,659 |
$2,629,336 |
| 5 |
$4,537,160 |
$1,639,080
$139,291 |
$2,758,789 |
| 6 |
$4,764,080 |
$1,723,040
$146,257 |
$2,894,783 |
| 7 |
$5,002,160 |
$1,811,130
$153,566 |
$3,037,464 |
| 8 |
$5,252,392 |
$1,903,715
$161,248 |
$3,187,429 |
| 9 |
$5,515,024 |
$2,000,889
$169,311 |
$3,344,824 |
| 10 |
$5,790,800 |
$2,102,926
$177,778 |
$3,510,096 |
| 11 |
$6,080,216 |
$2,210,010
$186,663 |
$3,683,543 |
| 12 |
$6,384,264 |
$2,322,508
$195,997 |
$3,865,759 |
| 13 |
$6,703,440 |
$2,440,603
$205,796 |
$4,057,041 |
| 14 |
$7,038,736 |
$2,564,663
$216,089 |
$4,257,984 |
| 15 |
$7,390,648 |
$2,694,870
$226,893 |
$4,468,885 |
| 16 |
$7,760,168 |
$2,831,593
$238,237 |
$4,690,338 |
| 17 |
$8,148,040 |
$2,975,105
$250,145 |
$4,922,790 |
| 18 |
$8,555,504 |
$3,125,867
$262,654 |
$5,166,983 |
| 19 |
$8,983,304 |
$3,284,153
$275,787 |
$5,423,364 |
| 20 |
$9,432,432 |
$3,450,330
$289,576 |
$5,692,526 |
| 21 |
$9,904,128 |
$3,624,858
$304,057 |
$5,975,213 |
| 22 |
$10,399,384 |
$3,808,102
$319,261 |
$6,272,021 |
| 23 |
$10,919,192 |
$4,000,431
$335,219 |
$6,583,542 |
| 24 |
$11,465,288 |
$4,202,487
$351,984 |
$6,910,817 |
| 25 |
$12,038,416 |
$4,414,544
$369,579 |
$7,254,293 |
| 26 |
$12,640,560 |
$4,637,338
$388,065 |
$7,615,157 |
| 27 |
$13,272,464 |
$4,871,142
$407,465 |
$7,993,857 |
| 28 |
$13,936,112 |
$5,116,692
$427,839 |
$8,391,581 |
| 29 |
$14,632,992 |
$5,374,537
$449,233 |
$8,809,222 |
| 30 |
$15,364,592 |
$5,645,229
$471,693 |
$9,247,670 |
|
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