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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia 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(4%) | $2,968,000 | | Net Lumpsum Payment | $43,817,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,438,262 |
$862,487
$97,530 |
$1,478,245 |
| 2 |
$2,560,248 |
$907,622
$102,410 |
$1,550,216 |
| 3 |
$2,688,228 |
$954,975
$107,529 |
$1,625,724 |
| 4 |
$2,822,688 |
$1,004,725
$112,908 |
$1,705,055 |
| 5 |
$2,963,790 |
$1,056,933
$118,552 |
$1,788,305 |
| 6 |
$3,112,020 |
$1,111,778
$124,481 |
$1,875,761 |
| 7 |
$3,267,540 |
$1,169,320
$130,702 |
$1,967,518 |
| 8 |
$3,430,998 |
$1,229,800
$137,240 |
$2,063,958 |
| 9 |
$3,602,556 |
$1,293,276
$144,102 |
$2,165,178 |
| 10 |
$3,782,700 |
$1,359,929
$151,308 |
$2,271,463 |
| 11 |
$3,971,754 |
$1,429,879
$158,870 |
$2,383,005 |
| 12 |
$4,170,366 |
$1,503,366
$166,815 |
$2,500,185 |
| 13 |
$4,378,860 |
$1,580,509
$175,154 |
$2,623,197 |
| 14 |
$4,597,884 |
$1,661,547
$183,915 |
$2,752,422 |
| 15 |
$4,827,762 |
$1,746,602
$193,110 |
$2,888,050 |
| 16 |
$5,069,142 |
$1,835,913
$202,766 |
$3,030,463 |
| 17 |
$5,322,510 |
$1,929,659
$212,900 |
$3,179,951 |
| 18 |
$5,588,676 |
$2,028,141
$223,547 |
$3,336,988 |
| 19 |
$5,868,126 |
$2,131,537
$234,725 |
$3,501,864 |
| 20 |
$6,161,508 |
$2,240,088
$246,460 |
$3,674,960 |
| 21 |
$6,469,632 |
$2,354,094
$258,785 |
$3,856,753 |
| 22 |
$6,793,146 |
$2,473,794
$271,726 |
$4,047,626 |
| 23 |
$7,132,698 |
$2,599,429
$285,308 |
$4,247,961 |
| 24 |
$7,489,422 |
$2,731,417
$299,577 |
$4,458,428 |
| 25 |
$7,863,804 |
$2,869,938
$314,552 |
$4,679,314 |
| 26 |
$8,257,140 |
$3,015,472
$330,286 |
$4,911,382 |
| 27 |
$8,669,916 |
$3,168,199
$346,797 |
$5,154,920 |
| 28 |
$9,103,428 |
$3,328,599
$364,137 |
$5,410,692 |
| 29 |
$9,558,648 |
$3,497,030
$382,346 |
$5,679,272 |
| 30 |
$10,036,548 |
$3,673,853
$401,462 |
$5,961,233 |
|
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