The jackpot for the Powerball draw on Mon Oct 13, 2025, is projected to be $258 Million, with an option for a cash payout of $120.8 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia Powerball Jackpot/Cash Option for Mon Oct 13, 2025 |
|---|
| Draw Date | Mon Oct 13, 2025 | | Projected Jackpot | $258,000,000 | | Cash Value | $120,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,800,000 | | Federal Tax(24%) | $28,992,000 | | Additional Federal Tax | $15,664,330 | | State Tax(4%) | $4,832,000 | | Net Lumpsum Payment | $71,311,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$155,326 |
$2,330,733 |
| 2 |
$4,077,432 |
$1,468,980
$163,097 |
$2,445,355 |
| 3 |
$4,281,252 |
$1,544,394
$171,250 |
$2,565,608 |
| 4 |
$4,495,392 |
$1,623,625
$179,816 |
$2,691,951 |
| 5 |
$4,720,110 |
$1,706,771
$188,804 |
$2,824,535 |
| 6 |
$4,956,180 |
$1,794,117
$198,247 |
$2,963,816 |
| 7 |
$5,203,860 |
$1,885,759
$208,154 |
$3,109,947 |
| 8 |
$5,464,182 |
$1,982,078
$218,567 |
$3,263,537 |
| 9 |
$5,737,404 |
$2,083,170
$229,496 |
$3,424,738 |
| 10 |
$6,024,300 |
$2,189,321
$240,972 |
$3,594,007 |
| 11 |
$6,325,386 |
$2,300,723
$253,015 |
$3,771,648 |
| 12 |
$6,641,694 |
$2,417,757
$265,668 |
$3,958,269 |
| 13 |
$6,973,740 |
$2,540,614
$278,950 |
$4,154,176 |
| 14 |
$7,322,556 |
$2,669,676
$292,902 |
$4,359,978 |
| 15 |
$7,688,658 |
$2,805,134
$307,546 |
$4,575,978 |
| 16 |
$8,073,078 |
$2,947,369
$322,923 |
$4,802,786 |
| 17 |
$8,476,590 |
$3,096,669
$339,064 |
$5,040,857 |
| 18 |
$8,900,484 |
$3,253,509
$356,019 |
$5,290,956 |
| 19 |
$9,345,534 |
$3,418,178
$373,821 |
$5,553,535 |
| 20 |
$9,812,772 |
$3,591,056
$392,511 |
$5,829,205 |
| 21 |
$10,303,488 |
$3,772,621
$412,140 |
$6,118,727 |
| 22 |
$10,818,714 |
$3,963,255
$432,749 |
$6,422,710 |
| 23 |
$11,359,482 |
$4,163,339
$454,379 |
$6,741,764 |
| 24 |
$11,927,598 |
$4,373,542
$477,104 |
$7,076,952 |
| 25 |
$12,523,836 |
$4,594,150
$500,953 |
$7,428,733 |
| 26 |
$13,150,260 |
$4,825,927
$526,010 |
$7,798,323 |
| 27 |
$13,807,644 |
$5,069,159
$552,306 |
$8,186,179 |
| 28 |
$14,498,052 |
$5,324,610
$579,922 |
$8,593,520 |
| 29 |
$15,223,032 |
$5,592,852
$608,921 |
$9,021,259 |
| 30 |
$15,984,132 |
$5,874,459
$639,365 |
$9,470,308 |
|
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