The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
Washington DC Powerball Jackpot/Cash Option for Mon Oct 13, 2025 |
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Draw Date | Mon Oct 13, 2025 | Projected Jackpot | $258,000,000 | Cash Value | $120,800,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $120,800,000 | Federal Tax(24%) | $28,992,000 | Additional Federal Tax | $15,664,330 | State Tax(10.75%) | $12,986,000 | Net Lumpsum Payment | $63,157,670 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$3,883,158 |
$1,397,099 $417,439 |
$2,068,620 |
2 |
$4,077,432 |
$1,468,980 $438,324 |
$2,170,128 |
3 |
$4,281,252 |
$1,544,394 $460,235 |
$2,276,623 |
4 |
$4,495,392 |
$1,623,625 $483,255 |
$2,388,512 |
5 |
$4,720,110 |
$1,706,771 $507,412 |
$2,505,927 |
6 |
$4,956,180 |
$1,794,117 $532,789 |
$2,629,274 |
7 |
$5,203,860 |
$1,885,759 $559,415 |
$2,758,686 |
8 |
$5,464,182 |
$1,982,078 $587,400 |
$2,894,704 |
9 |
$5,737,404 |
$2,083,170 $616,771 |
$3,037,463 |
10 |
$6,024,300 |
$2,189,321 $647,612 |
$3,187,367 |
11 |
$6,325,386 |
$2,300,723 $679,979 |
$3,344,684 |
12 |
$6,641,694 |
$2,417,757 $713,982 |
$3,509,955 |
13 |
$6,973,740 |
$2,540,614 $749,677 |
$3,683,449 |
14 |
$7,322,556 |
$2,669,676 $787,175 |
$3,865,705 |
15 |
$7,688,658 |
$2,805,134 $826,531 |
$4,056,993 |
16 |
$8,073,078 |
$2,947,369 $867,856 |
$4,257,853 |
17 |
$8,476,590 |
$3,096,669 $911,233 |
$4,468,688 |
18 |
$8,900,484 |
$3,253,509 $956,802 |
$4,690,173 |
19 |
$9,345,534 |
$3,418,178 $1,004,645 |
$4,922,711 |
20 |
$9,812,772 |
$3,591,056 $1,054,873 |
$5,166,843 |
21 |
$10,303,488 |
$3,772,621 $1,107,625 |
$5,423,242 |
22 |
$10,818,714 |
$3,963,255 $1,163,012 |
$5,692,447 |
23 |
$11,359,482 |
$4,163,339 $1,221,144 |
$5,974,999 |
24 |
$11,927,598 |
$4,373,542 $1,282,217 |
$6,271,839 |
25 |
$12,523,836 |
$4,594,150 $1,346,312 |
$6,583,374 |
26 |
$13,150,260 |
$4,825,927 $1,413,653 |
$6,910,680 |
27 |
$13,807,644 |
$5,069,159 $1,484,322 |
$7,254,163 |
28 |
$14,498,052 |
$5,324,610 $1,558,541 |
$7,614,901 |
29 |
$15,223,032 |
$5,592,852 $1,636,476 |
$7,993,704 |
30 |
$15,984,132 |
$5,874,459 $1,718,294 |
$8,391,379 |
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