The jackpot for the Powerball draw on Wed Jul 2, 2025, is projected to be $174 Million, with an option for a cash payout of $79.7 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 Wed Jul 2, 2025 |
|---|
| Draw Date | Wed Jul 2, 2025 | | Projected Jackpot | $174,000,000 | | Cash Value | $79,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,700,000 | | Federal Tax(24%) | $19,128,000 | | Additional Federal Tax | $10,321,330 | | State Tax(10.75%) | $8,567,750 | | Net Lumpsum Payment | $41,682,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,618,874 |
$929,314
$281,529 |
$1,408,031 |
| 2 |
$2,749,896 |
$977,792
$295,614 |
$1,476,490 |
| 3 |
$2,887,356 |
$1,028,652
$310,391 |
$1,548,313 |
| 4 |
$3,031,776 |
$1,082,088
$325,916 |
$1,623,772 |
| 5 |
$3,183,330 |
$1,138,162
$342,208 |
$1,702,960 |
| 6 |
$3,342,540 |
$1,197,070
$359,323 |
$1,786,147 |
| 7 |
$3,509,580 |
$1,258,875
$377,280 |
$1,873,425 |
| 8 |
$3,685,146 |
$1,323,834
$396,153 |
$1,965,159 |
| 9 |
$3,869,412 |
$1,392,013
$415,962 |
$2,061,437 |
| 10 |
$4,062,900 |
$1,463,603
$436,762 |
$2,162,535 |
| 11 |
$4,265,958 |
$1,538,735
$458,590 |
$2,268,633 |
| 12 |
$4,479,282 |
$1,617,665
$481,523 |
$2,380,094 |
| 13 |
$4,703,220 |
$1,700,522
$505,596 |
$2,497,102 |
| 14 |
$4,938,468 |
$1,787,564
$530,885 |
$2,620,019 |
| 15 |
$5,185,374 |
$1,878,919
$557,428 |
$2,749,027 |
| 16 |
$5,444,634 |
$1,974,845
$585,298 |
$2,884,491 |
| 17 |
$5,716,770 |
$2,075,535
$614,553 |
$3,026,682 |
| 18 |
$6,002,652 |
$2,181,312
$645,285 |
$3,176,055 |
| 19 |
$6,302,802 |
$2,292,367
$677,551 |
$3,332,884 |
| 20 |
$6,617,916 |
$2,408,959
$711,426 |
$3,497,531 |
| 21 |
$6,948,864 |
$2,531,410
$747,003 |
$3,670,451 |
| 22 |
$7,296,342 |
$2,659,977
$784,357 |
$3,852,008 |
| 23 |
$7,661,046 |
$2,794,917
$823,562 |
$4,042,567 |
| 24 |
$8,044,194 |
$2,936,682
$864,751 |
$4,242,761 |
| 25 |
$8,446,308 |
$3,085,464
$907,978 |
$4,452,866 |
| 26 |
$8,868,780 |
$3,241,779
$953,394 |
$4,673,607 |
| 27 |
$9,312,132 |
$3,405,819
$1,001,054 |
$4,905,259 |
| 28 |
$9,777,756 |
$3,578,100
$1,051,109 |
$5,148,547 |
| 29 |
$10,266,696 |
$3,759,008
$1,103,670 |
$5,404,018 |
| 30 |
$10,779,996 |
$3,948,929
$1,158,850 |
$5,672,217 |
|
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