The jackpot for the Powerball draw on Wed Apr 9, 2025, is projected to be $65 Million, with an option for a cash payout of $31.4 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 Apr 9, 2025 |
|---|
| Draw Date | Wed Apr 9, 2025 | | Projected Jackpot | $65,000,000 | | Cash Value | $31,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $31,400,000 | | Federal Tax(24%) | $7,536,000 | | Additional Federal Tax | $4,042,330 | | State Tax(3.07%) | $963,980 | | Net Lumpsum Payment | $18,857,690 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$30,034 |
$625,974 |
| 2 |
$1,027,260 |
$340,417
$31,537 |
$655,306 |
| 3 |
$1,078,610 |
$359,416
$33,113 |
$686,081 |
| 4 |
$1,132,560 |
$379,378
$34,770 |
$718,412 |
| 5 |
$1,189,175 |
$400,325
$36,508 |
$752,342 |
| 6 |
$1,248,650 |
$422,331
$38,334 |
$787,985 |
| 7 |
$1,311,050 |
$445,419
$40,249 |
$825,382 |
| 8 |
$1,376,635 |
$469,685
$42,263 |
$864,687 |
| 9 |
$1,445,470 |
$495,154
$44,376 |
$905,940 |
| 10 |
$1,517,750 |
$521,898
$46,595 |
$949,257 |
| 11 |
$1,593,605 |
$549,964
$48,924 |
$994,717 |
| 12 |
$1,673,295 |
$579,450
$51,370 |
$1,042,475 |
| 13 |
$1,756,950 |
$610,402
$53,938 |
$1,092,610 |
| 14 |
$1,844,830 |
$642,917
$56,636 |
$1,145,277 |
| 15 |
$1,937,065 |
$677,044
$59,468 |
$1,200,553 |
| 16 |
$2,033,915 |
$712,879
$62,441 |
$1,258,595 |
| 17 |
$2,135,575 |
$750,493
$65,562 |
$1,319,520 |
| 18 |
$2,242,370 |
$790,007
$68,841 |
$1,383,522 |
| 19 |
$2,354,495 |
$831,494
$72,283 |
$1,450,718 |
| 20 |
$2,472,210 |
$875,048
$75,897 |
$1,521,265 |
| 21 |
$2,595,840 |
$920,791
$79,692 |
$1,595,357 |
| 22 |
$2,725,645 |
$968,819
$83,677 |
$1,673,149 |
| 23 |
$2,861,885 |
$1,019,228
$87,860 |
$1,754,797 |
| 24 |
$3,005,015 |
$1,072,186
$92,254 |
$1,840,575 |
| 25 |
$3,155,230 |
$1,127,765
$96,866 |
$1,930,599 |
| 26 |
$3,313,050 |
$1,186,159
$101,711 |
$2,025,180 |
| 27 |
$3,478,670 |
$1,247,438
$106,795 |
$2,124,437 |
| 28 |
$3,652,610 |
$1,311,796
$112,135 |
$2,228,679 |
| 29 |
$3,835,260 |
$1,379,377
$117,742 |
$2,338,141 |
| 30 |
$4,027,010 |
$1,450,324
$123,629 |
$2,453,057 |
|
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