Jackpot Analysis Pennsylvania Powerball

Jackpot Analysis for Pennsylvania Powerball
The jackpot for the Powerball draw on Wed Feb 12, 2025, is projected to be $154 Million, with an option for a cash payout of $71.4 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 Wed Feb 12, 2025
Draw DateWed Feb 12, 2025
Projected Jackpot$154,000,000
Cash Value$71,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$71,400,000
Federal Tax(24%)$17,136,000
Additional Federal Tax$9,242,330
State Tax(3.07%)$2,191,980
Net Lumpsum Payment$42,829,690
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $2,317,854 $817,936
$71,158
$1,428,760
2 $2,433,816 $860,842
$74,718
$1,498,256
3 $2,555,476 $905,857
$78,453
$1,571,166
4 $2,683,296 $953,150
$82,377
$1,647,769
5 $2,817,430 $1,002,779
$86,495
$1,728,156
6 $2,958,340 $1,054,916
$90,821
$1,812,603
7 $3,106,180 $1,109,617
$95,360
$1,901,203
8 $3,261,566 $1,167,110
$100,130
$1,994,326
9 $3,424,652 $1,227,452
$105,137
$2,092,063
10 $3,595,900 $1,290,813
$110,394
$2,194,693
11 $3,775,618 $1,357,309
$115,911
$2,302,398
12 $3,964,422 $1,427,167
$121,708
$2,415,547
13 $4,162,620 $1,500,500
$127,792
$2,534,328
14 $4,370,828 $1,577,537
$134,184
$2,659,107
15 $4,589,354 $1,658,391
$140,893
$2,790,070
16 $4,818,814 $1,743,292
$147,938
$2,927,584
17 $5,059,670 $1,832,408
$155,332
$3,071,930
18 $5,312,692 $1,926,026
$163,100
$3,223,566
19 $5,578,342 $2,024,317
$171,255
$3,382,770
20 $5,857,236 $2,127,508
$179,817
$3,549,911
21 $6,150,144 $2,235,884
$188,809
$3,725,451
22 $6,457,682 $2,349,673
$198,251
$3,909,758
23 $6,780,466 $2,469,103
$208,160
$4,103,203
24 $7,119,574 $2,594,573
$218,571
$4,306,430
25 $7,475,468 $2,726,254
$229,497
$4,519,717
26 $7,849,380 $2,864,601
$240,976
$4,743,803
27 $8,241,772 $3,009,786
$253,022
$4,978,964
28 $8,653,876 $3,162,265
$265,674
$5,225,937
29 $9,086,616 $3,322,378
$278,959
$5,485,279
30 $9,540,916 $3,490,469
$292,906
$5,757,541