The jackpot for the Powerball draw on Wed Nov 12, 2025, is projected to be $512 Million, with an option for a cash payout of $239.1 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 Wed Nov 12, 2025 |
|---|
| Draw Date | Wed Nov 12, 2025 | | Projected Jackpot | $512,000,000 | | Cash Value | $239,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $239,100,000 | | Federal Tax(24%) | $57,384,000 | | Additional Federal Tax | $31,043,330 | | State Tax(4%) | $9,564,000 | | Net Lumpsum Payment | $141,108,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,706,112 |
$2,811,592
$308,244 |
$4,586,276 |
| 2 |
$8,091,648 |
$2,954,240
$323,666 |
$4,813,742 |
| 3 |
$8,496,128 |
$3,103,898
$339,845 |
$5,052,385 |
| 4 |
$8,921,088 |
$3,261,133
$356,844 |
$5,303,111 |
| 5 |
$9,367,040 |
$3,426,135
$374,682 |
$5,566,223 |
| 6 |
$9,835,520 |
$3,599,473
$393,421 |
$5,842,626 |
| 7 |
$10,327,040 |
$3,781,335
$413,082 |
$6,132,623 |
| 8 |
$10,843,648 |
$3,972,480
$433,746 |
$6,437,422 |
| 9 |
$11,385,856 |
$4,173,097
$455,434 |
$6,757,325 |
| 10 |
$11,955,200 |
$4,383,754
$478,208 |
$7,093,238 |
| 11 |
$12,552,704 |
$4,604,831
$502,108 |
$7,445,765 |
| 12 |
$13,180,416 |
$4,837,084
$527,217 |
$7,816,115 |
| 13 |
$13,839,360 |
$5,080,894
$553,574 |
$8,204,892 |
| 14 |
$14,531,584 |
$5,337,016
$581,263 |
$8,613,305 |
| 15 |
$15,258,112 |
$5,605,832
$610,324 |
$9,041,956 |
| 16 |
$16,020,992 |
$5,888,097
$640,840 |
$9,492,055 |
| 17 |
$16,821,760 |
$6,184,382
$672,870 |
$9,964,508 |
| 18 |
$17,662,976 |
$6,495,632
$706,519 |
$10,460,825 |
| 19 |
$18,546,176 |
$6,822,416
$741,847 |
$10,981,913 |
| 20 |
$19,473,408 |
$7,165,491
$778,936 |
$11,528,981 |
| 21 |
$20,447,232 |
$7,525,806
$817,889 |
$12,103,537 |
| 22 |
$21,469,696 |
$7,904,118
$858,788 |
$12,706,790 |
| 23 |
$22,542,848 |
$8,301,184
$901,714 |
$13,339,950 |
| 24 |
$23,670,272 |
$8,718,331
$946,811 |
$14,005,130 |
| 25 |
$24,853,504 |
$9,156,127
$994,140 |
$14,703,237 |
| 26 |
$26,096,640 |
$9,616,087
$1,043,866 |
$15,436,687 |
| 27 |
$27,401,216 |
$10,098,780
$1,096,049 |
$16,206,387 |
| 28 |
$28,771,328 |
$10,605,722
$1,150,853 |
$17,014,753 |
| 29 |
$30,210,048 |
$11,138,048
$1,208,402 |
$17,863,598 |
| 30 |
$31,720,448 |
$11,696,896
$1,268,818 |
$18,754,734 |
|
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