The jackpot for the Powerball draw on Sat Nov 29, 2025, is projected to be $719 Million, with an option for a cash payout of $333.3 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia Powerball Jackpot/Cash Option for Sat Nov 29, 2025 |
|---|
| Draw Date | Sat Nov 29, 2025 | | Projected Jackpot | $719,000,000 | | Cash Value | $333,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $333,300,000 | | Federal Tax(24%) | $79,992,000 | | Additional Federal Tax | $43,289,330 | | State Tax(4%) | $13,332,000 | | Net Lumpsum Payment | $196,686,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,821,669 |
$3,964,348
$432,867 |
$6,424,454 |
| 2 |
$11,363,076 |
$4,164,669
$454,523 |
$6,743,884 |
| 3 |
$11,931,086 |
$4,374,832
$477,243 |
$7,079,011 |
| 4 |
$12,527,856 |
$4,595,637
$501,114 |
$7,431,105 |
| 5 |
$13,154,105 |
$4,827,349
$526,164 |
$7,800,592 |
| 6 |
$13,811,990 |
$5,070,767
$552,480 |
$8,188,743 |
| 7 |
$14,502,230 |
$5,326,155
$580,089 |
$8,595,986 |
| 8 |
$15,227,701 |
$5,594,580
$609,108 |
$9,024,013 |
| 9 |
$15,989,122 |
$5,876,306
$639,565 |
$9,473,251 |
| 10 |
$16,788,650 |
$6,172,131
$671,546 |
$9,944,973 |
| 11 |
$17,627,723 |
$6,482,588
$705,109 |
$10,440,026 |
| 12 |
$18,509,217 |
$6,808,741
$740,369 |
$10,960,107 |
| 13 |
$19,434,570 |
$7,151,121
$777,383 |
$11,506,066 |
| 14 |
$20,406,658 |
$7,510,794
$816,266 |
$12,079,598 |
| 15 |
$21,426,919 |
$7,888,290
$857,077 |
$12,681,552 |
| 16 |
$22,498,229 |
$8,284,675
$899,929 |
$13,313,625 |
| 17 |
$23,622,745 |
$8,700,746
$944,910 |
$13,977,089 |
| 18 |
$24,804,062 |
$9,137,833
$992,162 |
$14,674,067 |
| 19 |
$26,044,337 |
$9,596,735
$1,041,773 |
$15,405,829 |
| 20 |
$27,346,446 |
$10,078,515
$1,093,858 |
$16,174,073 |
| 21 |
$28,713,984 |
$10,584,504
$1,148,559 |
$16,980,921 |
| 22 |
$30,149,827 |
$11,115,766
$1,205,993 |
$17,828,068 |
| 23 |
$31,656,851 |
$11,673,365
$1,266,274 |
$18,717,212 |
| 24 |
$33,240,089 |
$12,259,163
$1,329,604 |
$19,651,322 |
| 25 |
$34,901,698 |
$12,873,959
$1,396,068 |
$20,631,671 |
| 26 |
$36,647,430 |
$13,519,879
$1,465,897 |
$21,661,654 |
| 27 |
$38,479,442 |
$14,197,724
$1,539,178 |
$22,742,540 |
| 28 |
$40,403,486 |
$14,909,620
$1,616,139 |
$23,877,727 |
| 29 |
$42,423,876 |
$15,657,165
$1,696,955 |
$25,069,756 |
| 30 |
$44,544,926 |
$16,441,953
$1,781,797 |
$26,321,176 |
|
|
