The jackpot for the Powerball draw on Wed Jun 25, 2025, is projected to be $140 Million, with an option for a cash payout of $63 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 Wed Jun 25, 2025 |
|---|
| Draw Date | Wed Jun 25, 2025 | | Projected Jackpot | $140,000,000 | | Cash Value | $63,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $63,000,000 | | Federal Tax(24%) | $15,120,000 | | Additional Federal Tax | $8,150,330 | | State Tax(10.75%) | $6,772,500 | | Net Lumpsum Payment | $32,957,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,107,140 |
$739,972
$226,518 |
$1,140,650 |
| 2 |
$2,212,560 |
$778,978
$237,850 |
$1,195,732 |
| 3 |
$2,323,160 |
$819,900
$249,740 |
$1,253,520 |
| 4 |
$2,439,360 |
$862,894
$262,231 |
$1,314,235 |
| 5 |
$2,561,300 |
$908,011
$275,340 |
$1,377,949 |
| 6 |
$2,689,400 |
$955,408
$289,111 |
$1,444,881 |
| 7 |
$2,823,800 |
$1,005,136
$303,559 |
$1,515,105 |
| 8 |
$2,965,060 |
$1,057,403
$318,744 |
$1,588,913 |
| 9 |
$3,113,320 |
$1,112,259
$334,682 |
$1,666,379 |
| 10 |
$3,269,000 |
$1,169,860
$351,418 |
$1,747,722 |
| 11 |
$3,432,380 |
$1,230,311
$368,981 |
$1,833,088 |
| 12 |
$3,604,020 |
$1,293,818
$387,432 |
$1,922,770 |
| 13 |
$3,784,200 |
$1,360,484
$406,802 |
$2,016,914 |
| 14 |
$3,973,480 |
$1,430,518
$427,149 |
$2,115,813 |
| 15 |
$4,172,140 |
$1,504,022
$448,505 |
$2,219,613 |
| 16 |
$4,380,740 |
$1,581,204
$470,930 |
$2,328,606 |
| 17 |
$4,599,700 |
$1,662,219
$494,468 |
$2,443,013 |
| 18 |
$4,829,720 |
$1,747,327
$519,195 |
$2,563,198 |
| 19 |
$5,071,220 |
$1,836,682
$545,156 |
$2,689,382 |
| 20 |
$5,324,760 |
$1,930,492
$572,412 |
$2,821,856 |
| 21 |
$5,591,040 |
$2,029,015
$601,037 |
$2,960,988 |
| 22 |
$5,870,620 |
$2,132,460
$631,092 |
$3,107,068 |
| 23 |
$6,164,060 |
$2,241,033
$662,636 |
$3,260,391 |
| 24 |
$6,472,340 |
$2,355,096
$695,777 |
$3,421,467 |
| 25 |
$6,795,880 |
$2,474,806
$730,557 |
$3,590,517 |
| 26 |
$7,135,800 |
$2,600,576
$767,099 |
$3,768,125 |
| 27 |
$7,492,520 |
$2,732,563
$805,446 |
$3,954,511 |
| 28 |
$7,867,160 |
$2,871,180
$845,720 |
$4,150,260 |
| 29 |
$8,260,560 |
$3,016,738
$888,010 |
$4,355,812 |
| 30 |
$8,673,560 |
$3,169,548
$932,408 |
$4,571,604 |
|
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