Jackpot Analysis Dist. of Columbia Powerball

Jackpot Analysis for Dist. of Columbia Powerball
The jackpot for the Powerball draw on Sat Jun 21, 2025, is projected to be $118 Million, with an option for a cash payout of $53.4 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 Jun 21, 2025
Draw DateSat Jun 21, 2025
Projected Jackpot$118,000,000
Cash Value$53,400,000

Lumpsum Option Taxes and Payment
Cash Gross Payment$53,400,000
Federal Tax(24%)$12,816,000
Additional Federal Tax$6,902,330
State Tax(10.75%)$5,740,500
Net Lumpsum Payment$27,941,170
Annuity Payment in 30 Installations
Yr Gross Payment Fed/State Taxes Net Payment
1 $1,776,018 $617,457
$190,922
$967,639
2 $1,864,872 $650,333
$200,474
$1,014,065
3 $1,958,092 $684,824
$210,495
$1,062,773
4 $2,056,032 $721,062
$221,023
$1,113,947
5 $2,158,810 $759,090
$232,072
$1,167,648
6 $2,266,780 $799,039
$243,679
$1,224,062
7 $2,380,060 $840,953
$255,856
$1,283,251
8 $2,499,122 $885,006
$268,656
$1,345,460
9 $2,624,084 $931,241
$282,089
$1,410,754
10 $2,755,300 $979,791
$296,195
$1,479,314
11 $2,893,006 $1,030,743
$310,998
$1,551,265
12 $3,037,674 $1,084,270
$326,550
$1,626,854
13 $3,189,540 $1,140,460
$342,876
$1,706,204
14 $3,349,076 $1,199,489
$360,026
$1,789,561
15 $3,516,518 $1,261,442
$378,026
$1,877,050
16 $3,692,338 $1,326,495
$396,926
$1,968,917
17 $3,876,890 $1,394,780
$416,766
$2,065,344
18 $4,070,764 $1,466,513
$437,607
$2,166,644
19 $4,274,314 $1,541,827
$459,489
$2,272,998
20 $4,488,012 $1,620,895
$482,461
$2,384,656
21 $4,712,448 $1,703,936
$506,588
$2,501,924
22 $4,948,094 $1,791,125
$531,920
$2,625,049
23 $5,195,422 $1,882,637
$558,508
$2,754,277
24 $5,455,258 $1,978,776
$586,440
$2,890,042
25 $5,727,956 $2,079,674
$615,755
$3,032,527
26 $6,014,460 $2,185,681
$646,554
$3,182,225
27 $6,315,124 $2,296,926
$678,876
$3,339,322
28 $6,630,892 $2,413,760
$712,821
$3,504,311
29 $6,962,472 $2,536,445
$748,466
$3,677,561
30 $7,310,572 $2,665,242
$785,886
$3,859,444