The jackpot for the Powerball draw on Mon May 25, 2026, is projected to be $141 Million, with an option for a cash payout of $62 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 Mon May 25, 2026 |
|---|
| Draw Date | Mon May 25, 2026 | | Projected Jackpot | $141,000,000 | | Cash Value | $62,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $62,000,000 | | Federal Tax(24%) | $14,880,000 | | Additional Federal Tax | $8,020,330 | | State Tax(4%) | $2,480,000 | | Net Lumpsum Payment | $36,619,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,122,191 |
$745,541
$84,888 |
$1,291,762 |
| 2 |
$2,228,364 |
$784,825
$89,135 |
$1,354,404 |
| 3 |
$2,339,754 |
$826,039
$93,590 |
$1,420,125 |
| 4 |
$2,456,784 |
$869,340
$98,271 |
$1,489,173 |
| 5 |
$2,579,595 |
$914,781
$103,184 |
$1,561,630 |
| 6 |
$2,708,610 |
$962,516
$108,344 |
$1,637,750 |
| 7 |
$2,843,970 |
$1,012,599
$113,759 |
$1,717,612 |
| 8 |
$2,986,239 |
$1,065,239
$119,450 |
$1,801,550 |
| 9 |
$3,135,558 |
$1,120,487
$125,422 |
$1,889,649 |
| 10 |
$3,292,350 |
$1,178,500
$131,694 |
$1,982,156 |
| 11 |
$3,456,897 |
$1,239,382
$138,276 |
$2,079,239 |
| 12 |
$3,629,763 |
$1,303,343
$145,191 |
$2,181,229 |
| 13 |
$3,811,230 |
$1,370,485
$152,449 |
$2,288,296 |
| 14 |
$4,001,862 |
$1,441,019
$160,074 |
$2,400,769 |
| 15 |
$4,201,941 |
$1,515,049
$168,078 |
$2,518,814 |
| 16 |
$4,412,031 |
$1,592,782
$176,481 |
$2,642,768 |
| 17 |
$4,632,555 |
$1,674,376
$185,302 |
$2,772,877 |
| 18 |
$4,864,218 |
$1,760,091
$194,569 |
$2,909,558 |
| 19 |
$5,107,443 |
$1,850,084
$204,298 |
$3,053,061 |
| 20 |
$5,362,794 |
$1,944,564
$214,512 |
$3,203,718 |
| 21 |
$5,630,976 |
$2,043,792
$225,239 |
$3,361,945 |
| 22 |
$5,912,553 |
$2,147,975
$236,502 |
$3,528,076 |
| 23 |
$6,208,089 |
$2,257,323
$248,324 |
$3,702,442 |
| 24 |
$6,518,571 |
$2,372,202
$260,743 |
$3,885,626 |
| 25 |
$6,844,422 |
$2,492,767
$273,777 |
$4,077,878 |
| 26 |
$7,186,770 |
$2,619,435
$287,471 |
$4,279,864 |
| 27 |
$7,546,038 |
$2,752,364
$301,842 |
$4,491,832 |
| 28 |
$7,923,354 |
$2,891,971
$316,934 |
$4,714,449 |
| 29 |
$8,319,564 |
$3,038,569
$332,783 |
$4,948,212 |
| 30 |
$8,735,514 |
$3,192,471
$349,421 |
$5,193,622 |
|
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