The jackpot for the Powerball draw on Sat Aug 30, 2025, is projected to be $950 Million, with an option for a cash payout of $428.9 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 30, 2025 |
|---|
| Draw Date | Sat Aug 30, 2025 | | Projected Jackpot | $950,000,000 | | Cash Value | $428,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $428,900,000 | | Federal Tax(24%) | $102,936,000 | | Additional Federal Tax | $55,717,330 | | State Tax(10.75%) | $46,106,750 | | Net Lumpsum Payment | $224,139,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$14,298,450 |
$5,250,757
$1,537,083 |
$7,510,610 |
| 2 |
$15,013,800 |
$5,515,436
$1,613,984 |
$7,884,380 |
| 3 |
$15,764,300 |
$5,793,121
$1,694,662 |
$8,276,517 |
| 4 |
$16,552,800 |
$6,084,866
$1,779,426 |
$8,688,508 |
| 5 |
$17,380,250 |
$6,391,023
$1,868,377 |
$9,120,850 |
| 6 |
$18,249,500 |
$6,712,645
$1,961,821 |
$9,575,034 |
| 7 |
$19,161,500 |
$7,050,085
$2,059,861 |
$10,051,554 |
| 8 |
$20,120,050 |
$7,404,749
$2,162,905 |
$10,552,396 |
| 9 |
$21,126,100 |
$7,776,987
$2,271,056 |
$11,078,057 |
| 10 |
$22,182,500 |
$8,167,855
$2,384,619 |
$11,630,026 |
| 11 |
$23,291,150 |
$8,578,056
$2,503,799 |
$12,209,295 |
| 12 |
$24,455,850 |
$9,008,995
$2,629,004 |
$12,817,851 |
| 13 |
$25,678,500 |
$9,461,375
$2,760,439 |
$13,456,686 |
| 14 |
$26,962,900 |
$9,936,603
$2,898,512 |
$14,127,785 |
| 15 |
$28,310,950 |
$10,435,382
$3,043,427 |
$14,832,141 |
| 16 |
$29,726,450 |
$10,959,117
$3,195,593 |
$15,571,740 |
| 17 |
$31,212,250 |
$11,508,863
$3,355,317 |
$16,348,070 |
| 18 |
$32,773,100 |
$12,086,377
$3,523,108 |
$17,163,615 |
| 19 |
$34,411,850 |
$12,692,715
$3,699,274 |
$18,019,861 |
| 20 |
$36,132,300 |
$13,329,281
$3,884,222 |
$18,918,797 |
| 21 |
$37,939,200 |
$13,997,834
$4,078,464 |
$19,862,902 |
| 22 |
$39,836,350 |
$14,699,780
$4,282,408 |
$20,854,162 |
| 23 |
$41,827,550 |
$15,436,524
$4,496,462 |
$21,894,564 |
| 24 |
$43,919,450 |
$16,210,527
$4,721,341 |
$22,987,582 |
| 25 |
$46,114,900 |
$17,022,843
$4,957,352 |
$24,134,705 |
| 26 |
$48,421,500 |
$17,876,285
$5,205,311 |
$25,339,904 |
| 27 |
$50,842,100 |
$18,771,907
$5,465,526 |
$26,604,667 |
| 28 |
$53,384,300 |
$19,712,521
$5,738,812 |
$27,932,967 |
| 29 |
$56,053,800 |
$20,700,236
$6,025,784 |
$29,327,780 |
| 30 |
$58,856,300 |
$21,737,161
$6,327,052 |
$30,792,087 |
|
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