The jackpot for the Powerball draw on Mon Dec 1, 2025, is projected to be $740 Million, with an option for a cash payout of $346.1 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 Mon Dec 1, 2025 |
|---|
| Draw Date | Mon Dec 1, 2025 | | Projected Jackpot | $740,000,000 | | Cash Value | $346,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $346,100,000 | | Federal Tax(24%) | $83,064,000 | | Additional Federal Tax | $44,953,330 | | State Tax(4%) | $13,844,000 | | Net Lumpsum Payment | $204,238,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,137,740 |
$4,081,294
$445,510 |
$6,610,936 |
| 2 |
$11,694,960 |
$4,287,466
$467,798 |
$6,939,696 |
| 3 |
$12,279,560 |
$4,503,768
$491,182 |
$7,284,610 |
| 4 |
$12,893,760 |
$4,731,022
$515,750 |
$7,646,988 |
| 5 |
$13,538,300 |
$4,969,501
$541,532 |
$8,027,267 |
| 6 |
$14,215,400 |
$5,220,028
$568,616 |
$8,426,756 |
| 7 |
$14,925,800 |
$5,482,876
$597,032 |
$8,845,892 |
| 8 |
$15,672,460 |
$5,759,141
$626,898 |
$9,286,421 |
| 9 |
$16,456,120 |
$6,049,095
$658,245 |
$9,748,780 |
| 10 |
$17,279,000 |
$6,353,560
$691,160 |
$10,234,280 |
| 11 |
$18,142,580 |
$6,673,085
$725,703 |
$10,743,792 |
| 12 |
$19,049,820 |
$7,008,764
$761,993 |
$11,279,063 |
| 13 |
$20,002,200 |
$7,361,144
$800,088 |
$11,840,968 |
| 14 |
$21,002,680 |
$7,731,322
$840,107 |
$12,431,251 |
| 15 |
$22,052,740 |
$8,119,844
$882,110 |
$13,050,786 |
| 16 |
$23,155,340 |
$8,527,806
$926,214 |
$13,701,320 |
| 17 |
$24,312,700 |
$8,956,029
$972,508 |
$14,384,163 |
| 18 |
$25,528,520 |
$9,405,883
$1,021,141 |
$15,101,496 |
| 19 |
$26,805,020 |
$9,878,188
$1,072,201 |
$15,854,631 |
| 20 |
$28,145,160 |
$10,374,040
$1,125,806 |
$16,645,314 |
| 21 |
$29,552,640 |
$10,894,807
$1,182,106 |
$17,475,727 |
| 22 |
$31,030,420 |
$11,441,586
$1,241,217 |
$18,347,617 |
| 23 |
$32,581,460 |
$12,015,471
$1,303,258 |
$19,262,731 |
| 24 |
$34,210,940 |
$12,618,378
$1,368,438 |
$20,224,124 |
| 25 |
$35,921,080 |
$13,251,130
$1,436,843 |
$21,233,107 |
| 26 |
$37,717,800 |
$13,915,916
$1,508,712 |
$22,293,172 |
| 27 |
$39,603,320 |
$14,613,559
$1,584,133 |
$23,405,628 |
| 28 |
$41,583,560 |
$15,346,248
$1,663,342 |
$24,573,970 |
| 29 |
$43,662,960 |
$16,115,626
$1,746,518 |
$25,800,816 |
| 30 |
$45,845,960 |
$16,923,336
$1,833,838 |
$27,088,786 |
|
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