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 |
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Draw Date | Sat Oct 18, 2025 | Projected Jackpot | $295,000,000 | Cash Value | $138,100,000 |
Lumpsum Option Taxes and Payment |
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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 |
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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 |
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