Jackpot Analysis Washington Powerball

Jackpot Analysis for Washington Powerball
The jackpot for the Powerball draw on Mon Jul 21, 2025, is projected to be $308 Million, with an option for a cash payout of $137.7 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 those living in Washington, the bright side is you won't have to pay any state taxes on your lottery prize.

Washington Powerball Jackpot/Cash Option for Mon Jul 21, 2025
Draw DateMon Jul 21, 2025
Projected Jackpot$308,000,000
Cash Value$137,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$137,700,000
Federal Tax(24%)$33,048,000
Additional Federal Tax$17,861,330
State Tax(0%)$0
Net Lumpsum Payment$86,790,670
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $4,635,708 $1,675,542
$0
$2,960,166
2 $4,867,632 $1,761,354
$0
$3,106,278
3 $5,110,952 $1,851,383
$0
$3,259,569
4 $5,366,592 $1,945,969
$0
$3,420,623
5 $5,634,860 $2,045,229
$0
$3,589,631
6 $5,916,680 $2,149,502
$0
$3,767,178
7 $6,212,360 $2,258,904
$0
$3,953,456
8 $6,523,132 $2,373,889
$0
$4,149,243
9 $6,849,304 $2,494,573
$0
$4,354,731
10 $7,191,800 $2,621,296
$0
$4,570,504
11 $7,551,236 $2,754,288
$0
$4,796,948
12 $7,928,844 $2,894,003
$0
$5,034,841
13 $8,325,240 $3,040,669
$0
$5,284,571
14 $8,741,656 $3,194,743
$0
$5,546,913
15 $9,178,708 $3,356,452
$0
$5,822,256
16 $9,637,628 $3,526,253
$0
$6,111,375
17 $10,119,340 $3,704,486
$0
$6,414,854
18 $10,625,384 $3,891,722
$0
$6,733,662
19 $11,156,684 $4,088,303
$0
$7,068,381
20 $11,714,472 $4,294,685
$0
$7,419,787
21 $12,300,288 $4,511,437
$0
$7,788,851
22 $12,915,364 $4,739,015
$0
$8,176,349
23 $13,560,932 $4,977,875
$0
$8,583,057
24 $14,239,148 $5,228,815
$0
$9,010,333
25 $14,950,936 $5,492,177
$0
$9,458,759
26 $15,698,760 $5,768,872
$0
$9,929,888
27 $16,483,544 $6,059,242
$0
$10,424,302
28 $17,307,752 $6,364,199
$0
$10,943,553
29 $18,173,232 $6,684,426
$0
$11,488,806
30 $19,081,832 $7,020,608
$0
$12,061,224