The jackpot for the Powerball draw on Sat Oct 4, 2025, is projected to be $195 Million, with an option for a cash payout of $90.5 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 Oct 4, 2025 |
|---|
| Draw Date | Sat Oct 4, 2025 | | Projected Jackpot | $195,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(4%) | $3,620,000 | | Net Lumpsum Payment | $53,434,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$117,398 |
$1,771,287 |
| 2 |
$3,081,780 |
$1,100,589
$123,271 |
$1,857,920 |
| 3 |
$3,235,830 |
$1,157,587
$129,433 |
$1,948,810 |
| 4 |
$3,397,680 |
$1,217,472
$135,907 |
$2,044,301 |
| 5 |
$3,567,525 |
$1,280,315
$142,701 |
$2,144,509 |
| 6 |
$3,745,950 |
$1,346,332
$149,838 |
$2,249,780 |
| 7 |
$3,933,150 |
$1,415,596
$157,326 |
$2,360,228 |
| 8 |
$4,129,905 |
$1,488,395
$165,196 |
$2,476,314 |
| 9 |
$4,336,410 |
$1,564,802
$173,456 |
$2,598,152 |
| 10 |
$4,553,250 |
$1,645,033
$182,130 |
$2,726,087 |
| 11 |
$4,780,815 |
$1,729,232
$191,233 |
$2,860,350 |
| 12 |
$5,019,885 |
$1,817,688
$200,795 |
$3,001,402 |
| 13 |
$5,270,850 |
$1,910,545
$210,834 |
$3,149,471 |
| 14 |
$5,534,490 |
$2,008,092
$221,380 |
$3,305,018 |
| 15 |
$5,811,195 |
$2,110,473
$232,448 |
$3,468,274 |
| 16 |
$6,101,745 |
$2,217,976
$244,070 |
$3,639,699 |
| 17 |
$6,406,725 |
$2,330,819
$256,269 |
$3,819,637 |
| 18 |
$6,727,110 |
$2,449,361
$269,084 |
$4,008,665 |
| 19 |
$7,063,485 |
$2,573,820
$282,539 |
$4,207,126 |
| 20 |
$7,416,630 |
$2,704,483
$296,665 |
$4,415,482 |
| 21 |
$7,787,520 |
$2,841,713
$311,501 |
$4,634,306 |
| 22 |
$8,176,935 |
$2,985,796
$327,077 |
$4,864,062 |
| 23 |
$8,585,655 |
$3,137,023
$343,426 |
$5,105,206 |
| 24 |
$9,015,045 |
$3,295,897
$360,602 |
$5,358,546 |
| 25 |
$9,465,690 |
$3,462,636
$378,628 |
$5,624,426 |
| 26 |
$9,939,150 |
$3,637,816
$397,566 |
$5,903,768 |
| 27 |
$10,436,010 |
$3,821,654
$417,440 |
$6,196,916 |
| 28 |
$10,957,830 |
$4,014,727
$438,313 |
$6,504,790 |
| 29 |
$11,505,780 |
$4,217,469
$460,231 |
$6,828,080 |
| 30 |
$12,081,030 |
$4,430,311
$483,241 |
$7,167,478 |
|
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