The jackpot for the Powerball draw on Sat Apr 26, 2025, is projected to be $168 Million, with an option for a cash payout of $77.1 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC Powerball Jackpot/Cash Option for Sat Apr 26, 2025 |
|---|
| Draw Date | Sat Apr 26, 2025 | | Projected Jackpot | $168,000,000 | | Cash Value | $77,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $77,100,000 | | Federal Tax(24%) | $18,504,000 | | Additional Federal Tax | $9,983,330 | | State Tax(10.75%) | $8,288,250 | | Net Lumpsum Payment | $40,324,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$271,821 |
$1,360,846 |
| 2 |
$2,655,072 |
$942,707
$285,420 |
$1,426,945 |
| 3 |
$2,787,792 |
$991,813
$299,688 |
$1,496,291 |
| 4 |
$2,927,232 |
$1,043,406
$314,677 |
$1,569,149 |
| 5 |
$3,073,560 |
$1,097,548
$330,408 |
$1,645,604 |
| 6 |
$3,227,280 |
$1,154,424
$346,933 |
$1,725,923 |
| 7 |
$3,388,560 |
$1,214,098
$364,270 |
$1,810,192 |
| 8 |
$3,558,072 |
$1,276,817
$382,493 |
$1,898,762 |
| 9 |
$3,735,984 |
$1,342,644
$401,618 |
$1,991,722 |
| 10 |
$3,922,800 |
$1,411,766
$421,701 |
$2,089,333 |
| 11 |
$4,118,856 |
$1,484,307
$442,777 |
$2,191,772 |
| 12 |
$4,324,824 |
$1,560,515
$464,919 |
$2,299,390 |
| 13 |
$4,541,040 |
$1,640,515
$488,162 |
$2,412,363 |
| 14 |
$4,768,176 |
$1,724,556
$512,579 |
$2,531,041 |
| 15 |
$5,006,568 |
$1,812,761
$538,206 |
$2,655,601 |
| 16 |
$5,256,888 |
$1,905,379
$565,115 |
$2,786,394 |
| 17 |
$5,519,640 |
$2,002,597
$593,361 |
$2,923,682 |
| 18 |
$5,795,664 |
$2,104,726
$623,034 |
$3,067,904 |
| 19 |
$6,085,464 |
$2,211,952
$654,187 |
$3,219,325 |
| 20 |
$6,389,712 |
$2,324,524
$686,894 |
$3,378,294 |
| 21 |
$6,709,248 |
$2,442,752
$721,244 |
$3,545,252 |
| 22 |
$7,044,744 |
$2,566,886
$757,310 |
$3,720,548 |
| 23 |
$7,396,872 |
$2,697,173
$795,164 |
$3,904,535 |
| 24 |
$7,766,808 |
$2,834,049
$834,932 |
$4,097,827 |
| 25 |
$8,155,056 |
$2,977,701
$876,669 |
$4,300,686 |
| 26 |
$8,562,960 |
$3,128,626
$920,518 |
$4,513,816 |
| 27 |
$8,991,024 |
$3,287,009
$966,535 |
$4,737,480 |
| 28 |
$9,440,592 |
$3,453,349
$1,014,864 |
$4,972,379 |
| 29 |
$9,912,672 |
$3,628,019
$1,065,612 |
$5,219,041 |
| 30 |
$10,408,272 |
$3,811,391
$1,118,889 |
$5,477,992 |
|
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