The jackpot for the Powerball draw on Sat May 10, 2025, is projected to be $82 Million, with an option for a cash payout of $37.7 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 Sat May 10, 2025 |
|---|
| Draw Date | Sat May 10, 2025 | | Projected Jackpot | $82,000,000 | | Cash Value | $37,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $37,700,000 | | Federal Tax(24%) | $9,048,000 | | Additional Federal Tax | $4,861,330 | | State Tax(10.75%) | $4,052,750 | | Net Lumpsum Payment | $19,737,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,234,182 |
$416,978
$132,675 |
$684,529 |
| 2 |
$1,295,928 |
$439,824
$139,312 |
$716,792 |
| 3 |
$1,360,708 |
$463,792
$146,276 |
$750,640 |
| 4 |
$1,428,768 |
$488,975
$153,593 |
$786,200 |
| 5 |
$1,500,190 |
$515,401
$161,270 |
$823,519 |
| 6 |
$1,575,220 |
$543,162
$169,336 |
$862,722 |
| 7 |
$1,653,940 |
$572,288
$177,799 |
$903,853 |
| 8 |
$1,736,678 |
$602,901
$186,693 |
$947,084 |
| 9 |
$1,823,516 |
$635,031
$196,028 |
$992,457 |
| 10 |
$1,914,700 |
$668,769
$205,830 |
$1,040,101 |
| 11 |
$2,010,394 |
$704,176
$216,117 |
$1,090,101 |
| 12 |
$2,110,926 |
$741,373
$226,925 |
$1,142,628 |
| 13 |
$2,216,460 |
$780,421
$238,269 |
$1,197,770 |
| 14 |
$2,327,324 |
$821,440
$250,187 |
$1,255,697 |
| 15 |
$2,443,682 |
$864,493
$262,696 |
$1,316,493 |
| 16 |
$2,565,862 |
$909,699
$275,830 |
$1,380,333 |
| 17 |
$2,694,110 |
$957,151
$289,617 |
$1,447,342 |
| 18 |
$2,828,836 |
$1,007,000
$304,100 |
$1,517,736 |
| 19 |
$2,970,286 |
$1,059,336
$319,306 |
$1,591,644 |
| 20 |
$3,118,788 |
$1,114,282
$335,270 |
$1,669,236 |
| 21 |
$3,274,752 |
$1,171,989
$352,036 |
$1,750,727 |
| 22 |
$3,438,506 |
$1,232,578
$369,639 |
$1,836,289 |
| 23 |
$3,610,378 |
$1,296,170
$388,116 |
$1,926,092 |
| 24 |
$3,790,942 |
$1,362,979
$407,526 |
$2,020,437 |
| 25 |
$3,980,444 |
$1,433,095
$427,898 |
$2,119,451 |
| 26 |
$4,179,540 |
$1,506,760
$449,301 |
$2,223,479 |
| 27 |
$4,388,476 |
$1,584,067
$471,761 |
$2,332,648 |
| 28 |
$4,607,908 |
$1,665,256
$495,350 |
$2,447,302 |
| 29 |
$4,838,328 |
$1,750,512
$520,120 |
$2,567,696 |
| 30 |
$5,080,228 |
$1,840,015
$546,125 |
$2,694,088 |
|
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