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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia 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(4%) | $7,172,000 | | Net Lumpsum Payment | $105,826,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,659,176 |
$2,054,226
$226,367 |
$3,378,583 |
| 2 |
$5,942,304 |
$2,158,983
$237,692 |
$3,545,629 |
| 3 |
$6,239,344 |
$2,268,888
$249,574 |
$3,720,882 |
| 4 |
$6,551,424 |
$2,384,357
$262,057 |
$3,905,010 |
| 5 |
$6,878,920 |
$2,505,531
$275,157 |
$4,098,232 |
| 6 |
$7,222,960 |
$2,632,826
$288,918 |
$4,301,216 |
| 7 |
$7,583,920 |
$2,766,381
$303,357 |
$4,514,182 |
| 8 |
$7,963,304 |
$2,906,753
$318,532 |
$4,738,019 |
| 9 |
$8,361,488 |
$3,054,081
$334,460 |
$4,972,947 |
| 10 |
$8,779,600 |
$3,208,782
$351,184 |
$5,219,634 |
| 11 |
$9,218,392 |
$3,371,135
$368,736 |
$5,478,521 |
| 12 |
$9,679,368 |
$3,541,697
$387,175 |
$5,750,496 |
| 13 |
$10,163,280 |
$3,720,744
$406,531 |
$6,036,005 |
| 14 |
$10,671,632 |
$3,908,834
$426,865 |
$6,335,933 |
| 15 |
$11,205,176 |
$4,106,246
$448,207 |
$6,650,723 |
| 16 |
$11,765,416 |
$4,313,534
$470,617 |
$6,981,265 |
| 17 |
$12,353,480 |
$4,531,118
$494,139 |
$7,328,223 |
| 18 |
$12,971,248 |
$4,759,692
$518,850 |
$7,692,706 |
| 19 |
$13,619,848 |
$4,999,674
$544,794 |
$8,075,380 |
| 20 |
$14,300,784 |
$5,251,620
$572,031 |
$8,477,133 |
| 21 |
$15,015,936 |
$5,516,227
$600,637 |
$8,899,072 |
| 22 |
$15,766,808 |
$5,794,049
$630,672 |
$9,342,087 |
| 23 |
$16,554,904 |
$6,085,645
$662,196 |
$9,807,063 |
| 24 |
$17,382,856 |
$6,391,987
$695,314 |
$10,295,555 |
| 25 |
$18,251,792 |
$6,713,493
$730,072 |
$10,808,227 |
| 26 |
$19,164,720 |
$7,051,277
$766,589 |
$11,346,854 |
| 27 |
$20,122,768 |
$7,405,755
$804,911 |
$11,912,102 |
| 28 |
$21,128,944 |
$7,778,040
$845,158 |
$12,505,746 |
| 29 |
$22,185,504 |
$8,168,967
$887,420 |
$13,129,117 |
| 30 |
$23,294,704 |
$8,579,371
$931,788 |
$13,783,545 |
|
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