The jackpot for the Powerball draw on Sat Jul 5, 2025, is projected to be $190 Million, with an option for a cash payout of $87 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 Jul 5, 2025 |
|---|
| Draw Date | Sat Jul 5, 2025 | | Projected Jackpot | $190,000,000 | | Cash Value | $87,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,000,000 | | Federal Tax(24%) | $20,880,000 | | Additional Federal Tax | $11,270,330 | | State Tax(10.75%) | $9,352,500 | | Net Lumpsum Payment | $45,497,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$307,417 |
$1,533,857 |
| 2 |
$3,002,760 |
$1,071,352
$322,797 |
$1,608,611 |
| 3 |
$3,152,860 |
$1,126,889
$338,932 |
$1,687,039 |
| 4 |
$3,310,560 |
$1,185,238
$355,885 |
$1,769,437 |
| 5 |
$3,476,050 |
$1,246,469
$373,675 |
$1,855,906 |
| 6 |
$3,649,900 |
$1,310,793
$392,364 |
$1,946,743 |
| 7 |
$3,832,300 |
$1,378,281
$411,972 |
$2,042,047 |
| 8 |
$4,024,010 |
$1,449,214
$432,581 |
$2,142,215 |
| 9 |
$4,225,220 |
$1,523,662
$454,211 |
$2,247,347 |
| 10 |
$4,436,500 |
$1,601,835
$476,924 |
$2,357,741 |
| 11 |
$4,658,230 |
$1,683,875
$500,760 |
$2,473,595 |
| 12 |
$4,891,170 |
$1,770,063
$525,801 |
$2,595,306 |
| 13 |
$5,135,700 |
$1,860,539
$552,088 |
$2,723,073 |
| 14 |
$5,392,580 |
$1,955,585
$579,702 |
$2,857,293 |
| 15 |
$5,662,190 |
$2,055,341
$608,685 |
$2,998,164 |
| 16 |
$5,945,290 |
$2,160,088
$639,119 |
$3,146,083 |
| 17 |
$6,242,450 |
$2,270,037
$671,063 |
$3,301,350 |
| 18 |
$6,554,620 |
$2,385,540
$704,622 |
$3,464,458 |
| 19 |
$6,882,370 |
$2,506,807
$739,855 |
$3,635,708 |
| 20 |
$7,226,460 |
$2,634,121
$776,844 |
$3,815,495 |
| 21 |
$7,587,840 |
$2,767,831
$815,693 |
$4,004,316 |
| 22 |
$7,967,270 |
$2,908,220
$856,482 |
$4,202,568 |
| 23 |
$8,365,510 |
$3,055,569
$899,292 |
$4,410,649 |
| 24 |
$8,783,890 |
$3,210,370
$944,268 |
$4,629,252 |
| 25 |
$9,222,980 |
$3,372,833
$991,470 |
$4,858,677 |
| 26 |
$9,684,300 |
$3,543,521
$1,041,062 |
$5,099,717 |
| 27 |
$10,168,420 |
$3,722,646
$1,093,105 |
$5,352,669 |
| 28 |
$10,676,860 |
$3,910,769
$1,147,762 |
$5,618,329 |
| 29 |
$11,210,760 |
$4,108,312
$1,205,157 |
$5,897,291 |
| 30 |
$11,771,260 |
$4,315,697
$1,265,410 |
$6,190,153 |
|
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