The jackpot for the Powerball draw on Mon Jun 30, 2025, is projected to be $162 Million, with an option for a cash payout of $74.2 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 Mon Jun 30, 2025 |
|---|
| Draw Date | Mon Jun 30, 2025 | | Projected Jackpot | $162,000,000 | | Cash Value | $74,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $74,200,000 | | Federal Tax(24%) | $17,808,000 | | Additional Federal Tax | $9,606,330 | | State Tax(10.75%) | $7,976,500 | | Net Lumpsum Payment | $38,809,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$262,113 |
$1,313,662 |
| 2 |
$2,560,248 |
$907,622
$275,227 |
$1,377,399 |
| 3 |
$2,688,228 |
$954,975
$288,985 |
$1,444,268 |
| 4 |
$2,822,688 |
$1,004,725
$303,439 |
$1,514,524 |
| 5 |
$2,963,790 |
$1,056,933
$318,607 |
$1,588,250 |
| 6 |
$3,112,020 |
$1,111,778
$334,542 |
$1,665,700 |
| 7 |
$3,267,540 |
$1,169,320
$351,261 |
$1,746,959 |
| 8 |
$3,430,998 |
$1,229,800
$368,832 |
$1,832,366 |
| 9 |
$3,602,556 |
$1,293,276
$387,275 |
$1,922,005 |
| 10 |
$3,782,700 |
$1,359,929
$406,640 |
$2,016,131 |
| 11 |
$3,971,754 |
$1,429,879
$426,964 |
$2,114,911 |
| 12 |
$4,170,366 |
$1,503,366
$448,314 |
$2,218,686 |
| 13 |
$4,378,860 |
$1,580,509
$470,727 |
$2,327,624 |
| 14 |
$4,597,884 |
$1,661,547
$494,273 |
$2,442,064 |
| 15 |
$4,827,762 |
$1,746,602
$518,984 |
$2,562,176 |
| 16 |
$5,069,142 |
$1,835,913
$544,933 |
$2,688,296 |
| 17 |
$5,322,510 |
$1,929,659
$572,170 |
$2,820,681 |
| 18 |
$5,588,676 |
$2,028,141
$600,783 |
$2,959,752 |
| 19 |
$5,868,126 |
$2,131,537
$630,824 |
$3,105,765 |
| 20 |
$6,161,508 |
$2,240,088
$662,362 |
$3,259,058 |
| 21 |
$6,469,632 |
$2,354,094
$695,485 |
$3,420,053 |
| 22 |
$6,793,146 |
$2,473,794
$730,263 |
$3,589,089 |
| 23 |
$7,132,698 |
$2,599,429
$766,765 |
$3,766,504 |
| 24 |
$7,489,422 |
$2,731,417
$805,113 |
$3,952,892 |
| 25 |
$7,863,804 |
$2,869,938
$845,359 |
$4,148,507 |
| 26 |
$8,257,140 |
$3,015,472
$887,643 |
$4,354,025 |
| 27 |
$8,669,916 |
$3,168,199
$932,016 |
$4,569,701 |
| 28 |
$9,103,428 |
$3,328,599
$978,619 |
$4,796,210 |
| 29 |
$9,558,648 |
$3,497,030
$1,027,555 |
$5,034,063 |
| 30 |
$10,036,548 |
$3,673,853
$1,078,929 |
$5,283,766 |
|
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