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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia 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(4%) | $3,084,000 | | Net Lumpsum Payment | $45,528,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,528,568 |
$895,901
$101,143 |
$1,531,524 |
| 2 |
$2,655,072 |
$942,707
$106,203 |
$1,606,162 |
| 3 |
$2,787,792 |
$991,813
$111,512 |
$1,684,467 |
| 4 |
$2,927,232 |
$1,043,406
$117,089 |
$1,766,737 |
| 5 |
$3,073,560 |
$1,097,548
$122,942 |
$1,853,070 |
| 6 |
$3,227,280 |
$1,154,424
$129,091 |
$1,943,765 |
| 7 |
$3,388,560 |
$1,214,098
$135,542 |
$2,038,920 |
| 8 |
$3,558,072 |
$1,276,817
$142,323 |
$2,138,932 |
| 9 |
$3,735,984 |
$1,342,644
$149,439 |
$2,243,901 |
| 10 |
$3,922,800 |
$1,411,766
$156,912 |
$2,354,122 |
| 11 |
$4,118,856 |
$1,484,307
$164,754 |
$2,469,795 |
| 12 |
$4,324,824 |
$1,560,515
$172,993 |
$2,591,316 |
| 13 |
$4,541,040 |
$1,640,515
$181,642 |
$2,718,883 |
| 14 |
$4,768,176 |
$1,724,556
$190,727 |
$2,852,893 |
| 15 |
$5,006,568 |
$1,812,761
$200,263 |
$2,993,544 |
| 16 |
$5,256,888 |
$1,905,379
$210,276 |
$3,141,233 |
| 17 |
$5,519,640 |
$2,002,597
$220,786 |
$3,296,257 |
| 18 |
$5,795,664 |
$2,104,726
$231,827 |
$3,459,111 |
| 19 |
$6,085,464 |
$2,211,952
$243,419 |
$3,630,093 |
| 20 |
$6,389,712 |
$2,324,524
$255,588 |
$3,809,600 |
| 21 |
$6,709,248 |
$2,442,752
$268,370 |
$3,998,126 |
| 22 |
$7,044,744 |
$2,566,886
$281,790 |
$4,196,068 |
| 23 |
$7,396,872 |
$2,697,173
$295,875 |
$4,403,824 |
| 24 |
$7,766,808 |
$2,834,049
$310,672 |
$4,622,087 |
| 25 |
$8,155,056 |
$2,977,701
$326,202 |
$4,851,153 |
| 26 |
$8,562,960 |
$3,128,626
$342,518 |
$5,091,816 |
| 27 |
$8,991,024 |
$3,287,009
$359,641 |
$5,344,374 |
| 28 |
$9,440,592 |
$3,453,349
$377,624 |
$5,609,619 |
| 29 |
$9,912,672 |
$3,628,019
$396,507 |
$5,888,146 |
| 30 |
$10,408,272 |
$3,811,391
$416,331 |
$6,180,550 |
|
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