The jackpot for the Powerball draw on Sat Aug 9, 2025, is projected to be $482 Million, with an option for a cash payout of $218.9 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 Aug 9, 2025 |
|---|
| Draw Date | Sat Aug 9, 2025 | | Projected Jackpot | $482,000,000 | | Cash Value | $218,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $218,900,000 | | Federal Tax(24%) | $52,536,000 | | Additional Federal Tax | $28,417,330 | | State Tax(10.75%) | $23,531,750 | | Net Lumpsum Payment | $114,414,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,254,582 |
$2,644,526
$779,868 |
$3,830,188 |
| 2 |
$7,617,528 |
$2,778,816
$818,884 |
$4,019,828 |
| 3 |
$7,998,308 |
$2,919,704
$859,818 |
$4,218,786 |
| 4 |
$8,398,368 |
$3,067,727
$902,825 |
$4,427,816 |
| 5 |
$8,818,190 |
$3,223,061
$947,955 |
$4,647,174 |
| 6 |
$9,259,220 |
$3,386,242
$995,366 |
$4,877,612 |
| 7 |
$9,721,940 |
$3,557,448
$1,045,109 |
$5,119,383 |
| 8 |
$10,208,278 |
$3,737,393
$1,097,390 |
$5,373,495 |
| 9 |
$10,718,716 |
$3,926,255
$1,152,262 |
$5,640,199 |
| 10 |
$11,254,700 |
$4,124,569
$1,209,880 |
$5,920,251 |
| 11 |
$11,817,194 |
$4,332,692
$1,270,348 |
$6,214,154 |
| 12 |
$12,408,126 |
$4,551,337
$1,333,874 |
$6,522,915 |
| 13 |
$13,028,460 |
$4,780,861
$1,400,559 |
$6,847,040 |
| 14 |
$13,680,124 |
$5,021,976
$1,470,613 |
$7,187,535 |
| 15 |
$14,364,082 |
$5,275,041
$1,544,139 |
$7,544,902 |
| 16 |
$15,082,262 |
$5,540,767
$1,621,343 |
$7,920,152 |
| 17 |
$15,836,110 |
$5,819,691
$1,702,382 |
$8,314,037 |
| 18 |
$16,628,036 |
$6,112,704
$1,787,514 |
$8,727,818 |
| 19 |
$17,459,486 |
$6,420,340
$1,876,895 |
$9,162,251 |
| 20 |
$18,332,388 |
$6,743,314
$1,970,732 |
$9,618,342 |
| 21 |
$19,249,152 |
$7,082,517
$2,069,284 |
$10,097,351 |
| 22 |
$20,211,706 |
$7,438,662
$2,172,758 |
$10,600,286 |
| 23 |
$21,221,978 |
$7,812,462
$2,281,363 |
$11,128,153 |
| 24 |
$22,283,342 |
$8,205,167
$2,395,459 |
$11,682,716 |
| 25 |
$23,397,244 |
$8,617,311
$2,515,204 |
$12,264,729 |
| 26 |
$24,567,540 |
$9,050,320
$2,641,011 |
$12,876,209 |
| 27 |
$25,795,676 |
$9,504,731
$2,773,035 |
$13,517,910 |
| 28 |
$27,085,508 |
$9,981,968
$2,911,692 |
$14,191,848 |
| 29 |
$28,439,928 |
$10,483,104
$3,057,292 |
$14,899,532 |
| 30 |
$29,861,828 |
$11,009,207
$3,210,147 |
$15,642,474 |
|
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