The jackpot for the Powerball draw on Wed Oct 29, 2025, is projected to be $376 Million, with an option for a cash payout of $179.3 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 Wed Oct 29, 2025 |
|---|
| Draw Date | Wed Oct 29, 2025 | | Projected Jackpot | $376,000,000 | | Cash Value | $179,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $179,300,000 | | Federal Tax(24%) | $43,032,000 | | Additional Federal Tax | $23,269,330 | | State Tax(10.75%) | $19,274,750 | | Net Lumpsum Payment | $93,723,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$608,361 |
$2,996,589 |
| 2 |
$5,942,304 |
$2,158,983
$638,798 |
$3,144,523 |
| 3 |
$6,239,344 |
$2,268,888
$670,729 |
$3,299,727 |
| 4 |
$6,551,424 |
$2,384,357
$704,278 |
$3,462,789 |
| 5 |
$6,878,920 |
$2,505,531
$739,484 |
$3,633,905 |
| 6 |
$7,222,960 |
$2,632,826
$776,468 |
$3,813,666 |
| 7 |
$7,583,920 |
$2,766,381
$815,271 |
$4,002,268 |
| 8 |
$7,963,304 |
$2,906,753
$856,055 |
$4,200,496 |
| 9 |
$8,361,488 |
$3,054,081
$898,860 |
$4,408,547 |
| 10 |
$8,779,600 |
$3,208,782
$943,807 |
$4,627,011 |
| 11 |
$9,218,392 |
$3,371,135
$990,977 |
$4,856,280 |
| 12 |
$9,679,368 |
$3,541,697
$1,040,532 |
$5,097,139 |
| 13 |
$10,163,280 |
$3,720,744
$1,092,553 |
$5,349,983 |
| 14 |
$10,671,632 |
$3,908,834
$1,147,200 |
$5,615,598 |
| 15 |
$11,205,176 |
$4,106,246
$1,204,556 |
$5,894,374 |
| 16 |
$11,765,416 |
$4,313,534
$1,264,782 |
$6,187,100 |
| 17 |
$12,353,480 |
$4,531,118
$1,327,999 |
$6,494,363 |
| 18 |
$12,971,248 |
$4,759,692
$1,394,409 |
$6,817,147 |
| 19 |
$13,619,848 |
$4,999,674
$1,464,134 |
$7,156,040 |
| 20 |
$14,300,784 |
$5,251,620
$1,537,334 |
$7,511,830 |
| 21 |
$15,015,936 |
$5,516,227
$1,614,213 |
$7,885,496 |
| 22 |
$15,766,808 |
$5,794,049
$1,694,932 |
$8,277,827 |
| 23 |
$16,554,904 |
$6,085,645
$1,779,652 |
$8,689,607 |
| 24 |
$17,382,856 |
$6,391,987
$1,868,657 |
$9,122,212 |
| 25 |
$18,251,792 |
$6,713,493
$1,962,068 |
$9,576,231 |
| 26 |
$19,164,720 |
$7,051,277
$2,060,207 |
$10,053,236 |
| 27 |
$20,122,768 |
$7,405,755
$2,163,198 |
$10,553,815 |
| 28 |
$21,128,944 |
$7,778,040
$2,271,361 |
$11,079,543 |
| 29 |
$22,185,504 |
$8,168,967
$2,384,942 |
$11,631,595 |
| 30 |
$23,294,704 |
$8,579,371
$2,504,181 |
$12,211,152 |
|
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