The jackpot for the Powerball draw on Sat Mar 1, 2025, is projected to be $272 Million, with an option for a cash payout of $124.4 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 Mar 1, 2025 |
|---|
| Draw Date | Sat Mar 1, 2025 | | Projected Jackpot | $272,000,000 | | Cash Value | $124,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,400,000 | | Federal Tax(24%) | $29,856,000 | | Additional Federal Tax | $16,132,330 | | State Tax(10.75%) | $13,373,000 | | Net Lumpsum Payment | $65,038,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,093,872 |
$1,475,063
$440,091 |
$2,178,718 |
| 2 |
$4,298,688 |
$1,550,845
$462,109 |
$2,285,734 |
| 3 |
$4,513,568 |
$1,630,351
$485,209 |
$2,398,008 |
| 4 |
$4,739,328 |
$1,713,882
$509,478 |
$2,515,968 |
| 5 |
$4,976,240 |
$1,801,539
$534,946 |
$2,639,755 |
| 6 |
$5,225,120 |
$1,893,625
$561,700 |
$2,769,795 |
| 7 |
$5,486,240 |
$1,990,239
$589,771 |
$2,906,230 |
| 8 |
$5,760,688 |
$2,091,785
$619,274 |
$3,049,629 |
| 9 |
$6,048,736 |
$2,198,363
$650,239 |
$3,200,134 |
| 10 |
$6,351,200 |
$2,310,274
$682,754 |
$3,358,172 |
| 11 |
$6,668,624 |
$2,427,721
$716,877 |
$3,524,026 |
| 12 |
$7,002,096 |
$2,551,106
$752,725 |
$3,698,265 |
| 13 |
$7,352,160 |
$2,680,630
$790,357 |
$3,881,173 |
| 14 |
$7,719,904 |
$2,816,695
$829,890 |
$4,073,319 |
| 15 |
$8,105,872 |
$2,959,503
$871,381 |
$4,274,988 |
| 16 |
$8,511,152 |
$3,109,457
$914,949 |
$4,486,746 |
| 17 |
$8,936,560 |
$3,266,858
$960,680 |
$4,709,022 |
| 18 |
$9,383,456 |
$3,432,209
$1,008,722 |
$4,942,525 |
| 19 |
$9,852,656 |
$3,605,813
$1,059,161 |
$5,187,682 |
| 20 |
$10,345,248 |
$3,788,072
$1,112,114 |
$5,445,062 |
| 21 |
$10,862,592 |
$3,979,489
$1,167,729 |
$5,715,374 |
| 22 |
$11,405,776 |
$4,180,468
$1,226,121 |
$5,999,187 |
| 23 |
$11,975,888 |
$4,391,409
$1,287,408 |
$6,297,071 |
| 24 |
$12,574,832 |
$4,613,018
$1,351,794 |
$6,610,020 |
| 25 |
$13,203,424 |
$4,845,597
$1,419,368 |
$6,938,459 |
| 26 |
$13,863,840 |
$5,089,951
$1,490,363 |
$7,283,526 |
| 27 |
$14,556,896 |
$5,346,382
$1,564,866 |
$7,645,648 |
| 28 |
$15,284,768 |
$5,615,695
$1,643,113 |
$8,025,960 |
| 29 |
$16,049,088 |
$5,898,493
$1,725,277 |
$8,425,318 |
| 30 |
$16,851,488 |
$6,195,381
$1,811,535 |
$8,844,572 |
|
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