The jackpot for the Powerball draw on Sat Nov 8, 2025, is projected to be $467 Million, with an option for a cash payout of $220.7 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 Nov 8, 2025 |
|---|
| Draw Date | Sat Nov 8, 2025 | | Projected Jackpot | $467,000,000 | | Cash Value | $220,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,700,000 | | Federal Tax(24%) | $52,968,000 | | Additional Federal Tax | $28,651,330 | | State Tax(4%) | $8,828,000 | | Net Lumpsum Payment | $130,252,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,028,817 |
$2,560,993
$281,153 |
$4,186,671 |
| 2 |
$7,380,468 |
$2,691,104
$295,219 |
$4,394,145 |
| 3 |
$7,749,398 |
$2,827,608
$309,976 |
$4,611,814 |
| 4 |
$8,137,008 |
$2,971,023
$325,480 |
$4,840,505 |
| 5 |
$8,543,765 |
$3,121,523
$341,751 |
$5,080,491 |
| 6 |
$8,971,070 |
$3,279,626
$358,843 |
$5,332,601 |
| 7 |
$9,419,390 |
$3,445,505
$376,776 |
$5,597,109 |
| 8 |
$9,890,593 |
$3,619,850
$395,624 |
$5,875,119 |
| 9 |
$10,385,146 |
$3,802,834
$415,406 |
$6,166,906 |
| 10 |
$10,904,450 |
$3,994,977
$436,178 |
$6,473,295 |
| 11 |
$11,449,439 |
$4,196,623
$457,978 |
$6,794,838 |
| 12 |
$12,021,981 |
$4,408,463
$480,879 |
$7,132,639 |
| 13 |
$12,623,010 |
$4,630,844
$504,920 |
$7,487,246 |
| 14 |
$13,254,394 |
$4,864,456
$530,176 |
$7,859,762 |
| 15 |
$13,917,067 |
$5,109,645
$556,683 |
$8,250,739 |
| 16 |
$14,612,897 |
$5,367,102
$584,516 |
$8,661,279 |
| 17 |
$15,343,285 |
$5,637,346
$613,731 |
$9,092,208 |
| 18 |
$16,110,566 |
$5,921,240
$644,423 |
$9,544,903 |
| 19 |
$16,916,141 |
$6,219,303
$676,646 |
$10,020,192 |
| 20 |
$17,761,878 |
$6,532,225
$710,475 |
$10,519,178 |
| 21 |
$18,650,112 |
$6,860,872
$746,004 |
$11,043,236 |
| 22 |
$19,582,711 |
$7,205,933
$783,308 |
$11,593,470 |
| 23 |
$20,561,543 |
$7,568,101
$822,462 |
$12,170,980 |
| 24 |
$21,589,877 |
$7,948,585
$863,595 |
$12,777,697 |
| 25 |
$22,669,114 |
$8,347,903
$906,765 |
$13,414,446 |
| 26 |
$23,802,990 |
$8,767,437
$952,120 |
$14,083,433 |
| 27 |
$24,992,906 |
$9,207,706
$999,716 |
$14,785,484 |
| 28 |
$26,242,598 |
$9,670,092
$1,049,704 |
$15,522,802 |
| 29 |
$27,554,868 |
$10,155,632
$1,102,195 |
$16,297,041 |
| 30 |
$28,932,518 |
$10,665,362
$1,157,301 |
$17,109,855 |
|
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