The jackpot for the Powerball draw on Sat Jul 26, 2025, is projected to be $350 Million, with an option for a cash payout of $156.5 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 Jul 26, 2025 |
|---|
| Draw Date | Sat Jul 26, 2025 | | Projected Jackpot | $350,000,000 | | Cash Value | $156,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,500,000 | | Federal Tax(24%) | $37,560,000 | | Additional Federal Tax | $20,305,330 | | State Tax(10.75%) | $16,823,750 | | Net Lumpsum Payment | $81,810,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,267,850 |
$1,909,435
$566,294 |
$2,792,121 |
| 2 |
$5,531,400 |
$2,006,948
$594,626 |
$2,929,826 |
| 3 |
$5,807,900 |
$2,109,253
$624,349 |
$3,074,298 |
| 4 |
$6,098,400 |
$2,216,738
$655,578 |
$3,226,084 |
| 5 |
$6,403,250 |
$2,329,533
$688,349 |
$3,385,368 |
| 6 |
$6,723,500 |
$2,448,025
$722,776 |
$3,552,699 |
| 7 |
$7,059,500 |
$2,572,345
$758,896 |
$3,728,259 |
| 8 |
$7,412,650 |
$2,703,011
$796,860 |
$3,912,779 |
| 9 |
$7,783,300 |
$2,840,151
$836,705 |
$4,106,444 |
| 10 |
$8,172,500 |
$2,984,155
$878,544 |
$4,309,801 |
| 11 |
$8,580,950 |
$3,135,282
$922,452 |
$4,523,216 |
| 12 |
$9,010,050 |
$3,294,049
$968,580 |
$4,747,421 |
| 13 |
$9,460,500 |
$3,460,715
$1,017,004 |
$4,982,781 |
| 14 |
$9,933,700 |
$3,635,799
$1,067,873 |
$5,230,028 |
| 15 |
$10,430,350 |
$3,819,560
$1,121,263 |
$5,489,527 |
| 16 |
$10,951,850 |
$4,012,515
$1,177,324 |
$5,762,011 |
| 17 |
$11,499,250 |
$4,215,053
$1,236,169 |
$6,048,028 |
| 18 |
$12,074,300 |
$4,427,821
$1,297,987 |
$6,348,492 |
| 19 |
$12,678,050 |
$4,651,209
$1,362,890 |
$6,663,951 |
| 20 |
$13,311,900 |
$4,885,733
$1,431,029 |
$6,995,138 |
| 21 |
$13,977,600 |
$5,132,042
$1,502,592 |
$7,342,966 |
| 22 |
$14,676,550 |
$5,390,654
$1,577,729 |
$7,708,167 |
| 23 |
$15,410,150 |
$5,662,086
$1,656,591 |
$8,091,473 |
| 24 |
$16,180,850 |
$5,947,245
$1,739,441 |
$8,494,164 |
| 25 |
$16,989,700 |
$6,246,519
$1,826,393 |
$8,916,788 |
| 26 |
$17,839,500 |
$6,560,945
$1,917,746 |
$9,360,809 |
| 27 |
$18,731,300 |
$6,890,911
$2,013,615 |
$9,826,774 |
| 28 |
$19,667,900 |
$7,237,453
$2,114,299 |
$10,316,148 |
| 29 |
$20,651,400 |
$7,601,348
$2,220,026 |
$10,830,026 |
| 30 |
$21,683,900 |
$7,983,373
$2,331,019 |
$11,369,508 |
|
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