Jackpot Analysis Dist. of Columbia Powerball

Jackpot Analysis for Dist. of Columbia Powerball
The jackpot for the Powerball draw on Mon Jun 16, 2025, is projected to be $90 Million, with an option for a cash payout of $40.7 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 16, 2025
Draw DateMon Jun 16, 2025
Projected Jackpot$90,000,000
Cash Value$40,700,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$40,700,000
Federal Tax(24%)$9,768,000
Additional Federal Tax$5,251,330
State Tax(10.75%)$4,375,250
Net Lumpsum Payment$21,305,420
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,354,590 $461,529
$145,618
$747,443
2 $1,422,360 $486,604
$152,904
$782,852
3 $1,493,460 $512,911
$160,547
$820,002
4 $1,568,160 $540,550
$168,577
$859,033
5 $1,646,550 $569,554
$177,004
$899,992
6 $1,728,900 $600,023
$185,857
$943,020
7 $1,815,300 $631,991
$195,145
$988,164
8 $1,906,110 $665,591
$204,907
$1,035,612
9 $2,001,420 $700,856
$215,153
$1,085,411
10 $2,101,500 $737,885
$225,911
$1,137,704
11 $2,206,530 $776,746
$237,202
$1,192,582
12 $2,316,870 $817,572
$249,064
$1,250,234
13 $2,432,700 $860,429
$261,515
$1,310,756
14 $2,554,380 $905,451
$274,596
$1,374,333
15 $2,682,090 $952,704
$288,325
$1,441,061
16 $2,816,190 $1,002,321
$302,740
$1,511,129
17 $2,956,950 $1,054,402
$317,872
$1,584,676
18 $3,104,820 $1,109,114
$333,768
$1,661,938
19 $3,260,070 $1,166,556
$350,458
$1,743,056
20 $3,423,060 $1,226,863
$367,979
$1,828,218
21 $3,594,240 $1,290,199
$386,381
$1,917,660
22 $3,773,970 $1,356,699
$405,702
$2,011,569
23 $3,962,610 $1,426,496
$425,981
$2,110,133
24 $4,160,790 $1,499,823
$447,285
$2,213,682
25 $4,368,780 $1,576,779
$469,644
$2,322,357
26 $4,587,300 $1,657,631
$493,135
$2,436,534
27 $4,816,620 $1,742,480
$517,787
$2,556,353
28 $5,057,460 $1,831,591
$543,677
$2,682,192
29 $5,310,360 $1,925,164
$570,864
$2,814,332
30 $5,575,860 $2,023,399
$599,405
$2,953,056