The jackpot for the Powerball draw on Sat Aug 16, 2025, is projected to be $565 Million, with an option for a cash payout of $258.8 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 Sat Aug 16, 2025 |
|---|
| Draw Date | Sat Aug 16, 2025 | | Projected Jackpot | $565,000,000 | | Cash Value | $258,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $258,800,000 | | Federal Tax(24%) | $62,112,000 | | Additional Federal Tax | $33,604,330 | | State Tax(10.75%) | $27,821,000 | | Net Lumpsum Payment | $135,262,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,503,815 |
$3,106,742
$914,160 |
$4,482,913 |
| 2 |
$8,929,260 |
$3,264,157
$959,895 |
$4,705,208 |
| 3 |
$9,375,610 |
$3,429,306
$1,007,878 |
$4,938,426 |
| 4 |
$9,844,560 |
$3,602,818
$1,058,290 |
$5,183,452 |
| 5 |
$10,336,675 |
$3,784,900
$1,111,193 |
$5,440,582 |
| 6 |
$10,853,650 |
$3,976,181
$1,166,767 |
$5,710,702 |
| 7 |
$11,396,050 |
$4,176,869
$1,225,075 |
$5,994,106 |
| 8 |
$11,966,135 |
$4,387,800
$1,286,360 |
$6,291,975 |
| 9 |
$12,564,470 |
$4,609,184
$1,350,681 |
$6,604,605 |
| 10 |
$13,192,750 |
$4,841,648
$1,418,221 |
$6,932,881 |
| 11 |
$13,852,105 |
$5,085,609
$1,489,101 |
$7,277,395 |
| 12 |
$14,544,795 |
$5,341,905
$1,563,565 |
$7,639,325 |
| 13 |
$15,271,950 |
$5,610,952
$1,641,735 |
$8,019,263 |
| 14 |
$16,035,830 |
$5,893,587
$1,723,852 |
$8,418,391 |
| 15 |
$16,837,565 |
$6,190,229
$1,810,038 |
$8,837,298 |
| 16 |
$17,679,415 |
$6,501,714
$1,900,537 |
$9,277,164 |
| 17 |
$18,563,075 |
$6,828,668
$1,995,531 |
$9,738,876 |
| 18 |
$19,491,370 |
$7,172,137
$2,095,322 |
$10,223,911 |
| 19 |
$20,465,995 |
$7,532,749
$2,200,094 |
$10,733,152 |
| 20 |
$21,489,210 |
$7,911,338
$2,310,090 |
$11,267,782 |
| 21 |
$22,563,840 |
$8,308,951
$2,425,613 |
$11,829,276 |
| 22 |
$23,692,145 |
$8,726,424
$2,546,906 |
$12,418,815 |
| 23 |
$24,876,385 |
$9,164,593
$2,674,211 |
$13,037,581 |
| 24 |
$26,120,515 |
$9,624,921
$2,807,955 |
$13,687,639 |
| 25 |
$27,426,230 |
$10,108,035
$2,948,320 |
$14,369,875 |
| 26 |
$28,798,050 |
$10,615,609
$3,095,790 |
$15,086,651 |
| 27 |
$30,237,670 |
$11,148,268
$3,250,550 |
$15,838,852 |
| 28 |
$31,749,610 |
$11,707,686
$3,413,083 |
$16,628,841 |
| 29 |
$33,337,260 |
$12,295,117
$3,583,755 |
$17,458,388 |
| 30 |
$35,004,010 |
$12,911,814
$3,762,931 |
$18,329,265 |
|
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