The jackpot for the Powerball draw on Sat Sep 6, 2025, is projected to be $1.70 Billion, with an option for a cash payout of $770.3 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
Washington DC Powerball Jackpot/Cash Option for Sat Sep 6, 2025 |
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Draw Date | Sat Sep 6, 2025 | Projected Jackpot | $1,700,000,000 | Cash Value | $770,300,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $770,300,000 | Federal Tax(24%) | $184,872,000 | Additional Federal Tax | $100,099,330 | State Tax(10.75%) | $82,807,250 | Net Lumpsum Payment | $402,521,420 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$25,586,700 |
$9,427,409 $2,750,570 |
$13,408,721 |
2 |
$26,866,800 |
$9,901,046 $2,888,181 |
$14,077,573 |
3 |
$28,209,800 |
$10,397,956 $3,032,554 |
$14,779,290 |
4 |
$29,620,800 |
$10,920,026 $3,184,236 |
$15,516,538 |
5 |
$31,101,500 |
$11,467,885 $3,343,411 |
$16,290,204 |
6 |
$32,657,000 |
$12,043,420 $3,510,628 |
$17,102,952 |
7 |
$34,289,000 |
$12,647,260 $3,686,068 |
$17,955,672 |
8 |
$36,004,300 |
$13,281,921 $3,870,462 |
$18,851,917 |
9 |
$37,804,600 |
$13,948,032 $4,063,995 |
$19,792,573 |
10 |
$39,695,000 |
$14,647,480 $4,267,213 |
$20,780,307 |
11 |
$41,678,900 |
$15,381,523 $4,480,482 |
$21,816,895 |
12 |
$43,763,100 |
$16,152,677 $4,704,533 |
$22,905,890 |
13 |
$45,951,000 |
$16,962,200 $4,939,733 |
$24,049,067 |
14 |
$48,249,400 |
$17,812,608 $5,186,811 |
$25,249,981 |
15 |
$50,661,700 |
$18,705,159 $5,446,133 |
$26,510,408 |
16 |
$53,194,700 |
$19,642,369 $5,718,430 |
$27,833,901 |
17 |
$55,853,500 |
$20,626,125 $6,004,251 |
$29,223,124 |
18 |
$58,646,600 |
$21,659,572 $6,304,510 |
$30,682,518 |
19 |
$61,579,100 |
$22,744,597 $6,619,753 |
$32,214,750 |
20 |
$64,657,800 |
$23,883,716 $6,950,714 |
$33,823,370 |
21 |
$67,891,200 |
$25,080,074 $7,298,304 |
$35,512,822 |
22 |
$71,286,100 |
$26,336,187 $7,663,256 |
$37,286,657 |
23 |
$74,849,300 |
$27,654,571 $8,046,300 |
$39,148,429 |
24 |
$78,592,700 |
$29,039,629 $8,448,715 |
$41,104,356 |
25 |
$82,521,400 |
$30,493,248 $8,871,051 |
$43,157,101 |
26 |
$86,649,000 |
$32,020,460 $9,314,768 |
$45,313,772 |
27 |
$90,980,600 |
$33,623,152 $9,780,415 |
$47,577,033 |
28 |
$95,529,800 |
$35,306,356 $10,269,454 |
$49,953,990 |
29 |
$100,306,800 |
$37,073,846 $10,782,981 |
$52,449,973 |
30 |
$105,321,800 |
$38,929,396 $11,322,094 |
$55,070,310 |
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