The jackpot for the Powerball draw on Sat Apr 5, 2025, is projected to be $47 Million, with an option for a cash payout of $21.8 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 5, 2025 |
|---|
| Draw Date | Sat Apr 5, 2025 | | Projected Jackpot | $47,000,000 | | Cash Value | $21,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,800,000 | | Federal Tax(24%) | $5,232,000 | | Additional Federal Tax | $2,794,330 | | State Tax(10.75%) | $2,343,500 | | Net Lumpsum Payment | $11,430,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$707,397 |
$222,067
$76,045 |
$409,285 |
| 2 |
$742,788 |
$235,162
$79,850 |
$427,776 |
| 3 |
$779,918 |
$248,900
$83,841 |
$447,177 |
| 4 |
$818,928 |
$263,334
$88,035 |
$467,559 |
| 5 |
$859,865 |
$278,480
$92,435 |
$488,950 |
| 6 |
$902,870 |
$294,392
$97,059 |
$511,419 |
| 7 |
$947,990 |
$311,087
$101,909 |
$534,994 |
| 8 |
$995,413 |
$328,633
$107,007 |
$559,773 |
| 9 |
$1,045,186 |
$347,049
$112,357 |
$585,780 |
| 10 |
$1,097,450 |
$366,387
$117,976 |
$613,087 |
| 11 |
$1,152,299 |
$386,681
$123,872 |
$641,746 |
| 12 |
$1,209,921 |
$408,001
$130,067 |
$671,853 |
| 13 |
$1,270,410 |
$430,382
$136,569 |
$703,459 |
| 14 |
$1,333,954 |
$453,893
$143,400 |
$736,661 |
| 15 |
$1,400,647 |
$478,570
$150,570 |
$771,507 |
| 16 |
$1,470,677 |
$504,481
$158,098 |
$808,098 |
| 17 |
$1,544,185 |
$531,679
$166,000 |
$846,506 |
| 18 |
$1,621,406 |
$560,251
$174,301 |
$886,854 |
| 19 |
$1,702,481 |
$590,248
$183,017 |
$929,216 |
| 20 |
$1,787,598 |
$621,742
$192,167 |
$973,689 |
| 21 |
$1,876,992 |
$654,817
$201,777 |
$1,020,398 |
| 22 |
$1,970,851 |
$689,545
$211,866 |
$1,069,440 |
| 23 |
$2,069,363 |
$725,995
$222,457 |
$1,120,911 |
| 24 |
$2,172,857 |
$764,287
$233,582 |
$1,174,988 |
| 25 |
$2,281,474 |
$804,476
$245,258 |
$1,231,740 |
| 26 |
$2,395,590 |
$846,699
$257,526 |
$1,291,365 |
| 27 |
$2,515,346 |
$891,008
$270,400 |
$1,353,938 |
| 28 |
$2,641,118 |
$937,544
$283,920 |
$1,419,654 |
| 29 |
$2,773,188 |
$986,410
$298,118 |
$1,488,660 |
| 30 |
$2,911,838 |
$1,037,710
$313,023 |
$1,561,105 |
|
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