The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC Powerball Jackpot/Cash Option for Sat Oct 18, 2025 |
|---|
| Draw Date | Sat Oct 18, 2025 | | Projected Jackpot | $295,000,000 | | Cash Value | $138,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $138,100,000 | | Federal Tax(24%) | $33,144,000 | | Additional Federal Tax | $17,913,330 | | State Tax(10.75%) | $14,845,750 | | Net Lumpsum Payment | $72,196,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,440,045 |
$1,603,147
$477,305 |
$2,359,593 |
| 2 |
$4,662,180 |
$1,685,337
$501,184 |
$2,475,659 |
| 3 |
$4,895,230 |
$1,771,565
$526,237 |
$2,597,428 |
| 4 |
$5,140,080 |
$1,862,160
$552,559 |
$2,725,361 |
| 5 |
$5,397,025 |
$1,957,230
$580,180 |
$2,859,615 |
| 6 |
$5,666,950 |
$2,057,102
$609,197 |
$3,000,651 |
| 7 |
$5,950,150 |
$2,161,886
$639,641 |
$3,148,623 |
| 8 |
$6,247,805 |
$2,272,018
$671,639 |
$3,304,148 |
| 9 |
$6,560,210 |
$2,387,608
$705,223 |
$3,467,379 |
| 10 |
$6,888,250 |
$2,508,983
$740,487 |
$3,638,780 |
| 11 |
$7,232,515 |
$2,636,361
$777,495 |
$3,818,659 |
| 12 |
$7,594,185 |
$2,770,179
$816,375 |
$4,007,631 |
| 13 |
$7,973,850 |
$2,910,655
$857,189 |
$4,206,006 |
| 14 |
$8,372,690 |
$3,058,226
$900,064 |
$4,414,400 |
| 15 |
$8,791,295 |
$3,213,110
$945,064 |
$4,633,121 |
| 16 |
$9,230,845 |
$3,375,743
$992,316 |
$4,862,786 |
| 17 |
$9,692,225 |
$3,546,454
$1,041,914 |
$5,103,857 |
| 18 |
$10,176,910 |
$3,725,787
$1,094,018 |
$5,357,105 |
| 19 |
$10,685,785 |
$3,914,071
$1,148,722 |
$5,622,992 |
| 20 |
$11,220,030 |
$4,111,741
$1,206,153 |
$5,902,136 |
| 21 |
$11,781,120 |
$4,319,345
$1,266,470 |
$6,195,305 |
| 22 |
$12,370,235 |
$4,537,317
$1,329,800 |
$6,503,118 |
| 23 |
$12,988,555 |
$4,766,096
$1,396,270 |
$6,826,189 |
| 24 |
$13,638,145 |
$5,006,444
$1,466,101 |
$7,165,600 |
| 25 |
$14,319,890 |
$5,258,690
$1,539,388 |
$7,521,812 |
| 26 |
$15,036,150 |
$5,523,706
$1,616,386 |
$7,896,058 |
| 27 |
$15,787,810 |
$5,801,820
$1,697,190 |
$8,288,800 |
| 28 |
$16,577,230 |
$6,093,905
$1,782,052 |
$8,701,273 |
| 29 |
$17,406,180 |
$6,400,617
$1,871,164 |
$9,134,399 |
| 30 |
$18,276,430 |
$6,722,609
$1,964,716 |
$9,589,105 |
|
|
