The jackpot for the Powerball draw on Mon Aug 4, 2025, is projected to be $426 Million, with an option for a cash payout of $193.5 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 Mon Aug 4, 2025 |
|---|
| Draw Date | Mon Aug 4, 2025 | | Projected Jackpot | $426,000,000 | | Cash Value | $193,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $193,500,000 | | Federal Tax(24%) | $46,440,000 | | Additional Federal Tax | $25,115,330 | | State Tax(10.75%) | $20,801,250 | | Net Lumpsum Payment | $101,143,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,411,726 |
$2,332,669
$689,261 |
$3,389,796 |
| 2 |
$6,732,504 |
$2,451,357
$723,744 |
$3,557,403 |
| 3 |
$7,069,044 |
$2,575,877
$759,922 |
$3,733,245 |
| 4 |
$7,422,624 |
$2,706,701
$797,932 |
$3,917,991 |
| 5 |
$7,793,670 |
$2,843,988
$837,820 |
$4,111,862 |
| 6 |
$8,183,460 |
$2,988,211
$879,722 |
$4,315,527 |
| 7 |
$8,592,420 |
$3,139,526
$923,685 |
$4,529,209 |
| 8 |
$9,022,254 |
$3,298,564
$969,892 |
$4,753,798 |
| 9 |
$9,473,388 |
$3,465,484
$1,018,389 |
$4,989,515 |
| 10 |
$9,947,100 |
$3,640,757
$1,069,313 |
$5,237,030 |
| 11 |
$10,444,242 |
$3,824,700
$1,122,756 |
$5,496,786 |
| 12 |
$10,966,518 |
$4,017,942
$1,178,901 |
$5,769,675 |
| 13 |
$11,514,780 |
$4,220,799
$1,237,839 |
$6,056,142 |
| 14 |
$12,090,732 |
$4,433,901
$1,299,754 |
$6,357,077 |
| 15 |
$12,695,226 |
$4,657,564
$1,364,737 |
$6,672,925 |
| 16 |
$13,329,966 |
$4,892,418
$1,432,971 |
$7,004,577 |
| 17 |
$13,996,230 |
$5,138,935
$1,504,595 |
$7,352,700 |
| 18 |
$14,696,148 |
$5,397,905
$1,579,836 |
$7,718,407 |
| 19 |
$15,430,998 |
$5,669,800
$1,658,832 |
$8,102,366 |
| 20 |
$16,202,484 |
$5,955,249
$1,741,767 |
$8,505,468 |
| 21 |
$17,012,736 |
$6,255,043
$1,828,869 |
$8,928,824 |
| 22 |
$17,863,458 |
$6,569,810
$1,920,322 |
$9,373,326 |
| 23 |
$18,756,354 |
$6,900,181
$2,016,308 |
$9,839,865 |
| 24 |
$19,694,406 |
$7,247,261
$2,117,149 |
$10,329,996 |
| 25 |
$20,678,892 |
$7,611,520
$2,222,981 |
$10,844,391 |
| 26 |
$21,713,220 |
$7,994,222
$2,334,171 |
$11,384,827 |
| 27 |
$22,798,668 |
$8,395,838
$2,450,857 |
$11,951,973 |
| 28 |
$23,938,644 |
$8,817,629
$2,573,404 |
$12,547,611 |
| 29 |
$25,135,704 |
$9,260,541
$2,702,088 |
$13,173,075 |
| 30 |
$26,392,404 |
$9,725,520
$2,837,183 |
$13,829,701 |
|
|
