Jackpot Analysis Puerto Rico Powerball

Jackpot Analysis for Puerto Rico Powerball
The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 those living in Puerto Rico, the bright side is you won't have to pay any state taxes on your lottery prize.

Puerto Rico Powerball Jackpot/Cash Option for Sat Apr 5, 2025
Draw DateSat Apr 5, 2025
Projected Jackpot$47,000,000
Cash Value$21,800,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$21,800,000
Federal Tax(24%)$5,232,000
Additional Federal Tax$2,794,330
State Tax(0%)$0
Net Lumpsum Payment$13,773,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $707,397 $222,067
$0
$485,330
2 $742,788 $235,162
$0
$507,626
3 $779,918 $248,900
$0
$531,018
4 $818,928 $263,334
$0
$555,594
5 $859,865 $278,480
$0
$581,385
6 $902,870 $294,392
$0
$608,478
7 $947,990 $311,087
$0
$636,903
8 $995,413 $328,633
$0
$666,780
9 $1,045,186 $347,049
$0
$698,137
10 $1,097,450 $366,387
$0
$731,063
11 $1,152,299 $386,681
$0
$765,618
12 $1,209,921 $408,001
$0
$801,920
13 $1,270,410 $430,382
$0
$840,028
14 $1,333,954 $453,893
$0
$880,061
15 $1,400,647 $478,570
$0
$922,077
16 $1,470,677 $504,481
$0
$966,196
17 $1,544,185 $531,679
$0
$1,012,506
18 $1,621,406 $560,251
$0
$1,061,155
19 $1,702,481 $590,248
$0
$1,112,233
20 $1,787,598 $621,742
$0
$1,165,856
21 $1,876,992 $654,817
$0
$1,222,175
22 $1,970,851 $689,545
$0
$1,281,306
23 $2,069,363 $725,995
$0
$1,343,368
24 $2,172,857 $764,287
$0
$1,408,570
25 $2,281,474 $804,476
$0
$1,476,998
26 $2,395,590 $846,699
$0
$1,548,891
27 $2,515,346 $891,008
$0
$1,624,338
28 $2,641,118 $937,544
$0
$1,703,574
29 $2,773,188 $986,410
$0
$1,786,778
30 $2,911,838 $1,037,710
$0
$1,874,128