The jackpot for the Powerball draw on Sat Sep 20, 2025, is projected to be $99 Million, with an option for a cash payout of $46.3 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 20, 2025 |
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Draw Date | Sat Sep 20, 2025 | Projected Jackpot | $99,000,000 | Cash Value | $46,300,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $46,300,000 | Federal Tax(24%) | $11,112,000 | Additional Federal Tax | $5,979,330 | State Tax(10.75%) | $4,977,250 | Net Lumpsum Payment | $24,231,420 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,490,049 |
$511,649 $160,180 |
$818,220 |
2 |
$1,564,596 |
$539,231 $168,194 |
$857,171 |
3 |
$1,642,806 |
$568,169 $176,602 |
$898,035 |
4 |
$1,724,976 |
$598,572 $185,435 |
$940,969 |
5 |
$1,811,205 |
$630,476 $194,705 |
$986,024 |
6 |
$1,901,790 |
$663,993 $204,442 |
$1,033,355 |
7 |
$1,996,830 |
$699,157 $214,659 |
$1,083,014 |
8 |
$2,096,721 |
$736,117 $225,398 |
$1,135,206 |
9 |
$2,201,562 |
$774,908 $236,668 |
$1,189,986 |
10 |
$2,311,650 |
$815,641 $248,502 |
$1,247,507 |
11 |
$2,427,183 |
$858,388 $260,922 |
$1,307,873 |
12 |
$2,548,557 |
$903,296 $273,970 |
$1,371,291 |
13 |
$2,675,970 |
$950,439 $287,667 |
$1,437,864 |
14 |
$2,809,818 |
$999,963 $302,055 |
$1,507,800 |
15 |
$2,950,299 |
$1,051,941 $317,157 |
$1,581,201 |
16 |
$3,097,809 |
$1,106,520 $333,014 |
$1,658,275 |
17 |
$3,252,645 |
$1,163,809 $349,659 |
$1,739,177 |
18 |
$3,415,302 |
$1,223,992 $367,145 |
$1,824,165 |
19 |
$3,586,077 |
$1,287,179 $385,503 |
$1,913,395 |
20 |
$3,765,366 |
$1,353,516 $404,777 |
$2,007,073 |
21 |
$3,953,664 |
$1,423,186 $425,019 |
$2,105,459 |
22 |
$4,151,367 |
$1,496,336 $446,272 |
$2,208,759 |
23 |
$4,358,871 |
$1,573,113 $468,579 |
$2,317,179 |
24 |
$4,576,869 |
$1,653,772 $492,013 |
$2,431,084 |
25 |
$4,805,658 |
$1,738,424 $516,608 |
$2,550,626 |
26 |
$5,046,030 |
$1,827,361 $542,448 |
$2,676,221 |
27 |
$5,298,282 |
$1,920,695 $569,565 |
$2,808,022 |
28 |
$5,563,206 |
$2,018,717 $598,045 |
$2,946,444 |
29 |
$5,841,396 |
$2,121,647 $627,950 |
$3,091,799 |
30 |
$6,133,446 |
$2,229,705 $659,345 |
$3,244,396 |
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