The jackpot for the Powerball draw on Mon Dec 29, 2025, is projected to be $33 Million, with an option for a cash payout of $15.2 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC Powerball Jackpot/Cash Option for Mon Dec 29, 2025 |
|---|
| Draw Date | Mon Dec 29, 2025 | | Projected Jackpot | $33,000,000 | | Cash Value | $15,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $15,200,000 | | Federal Tax(24%) | $3,648,000 | | Additional Federal Tax | $1,936,330 | | State Tax(10.75%) | $1,634,000 | | Net Lumpsum Payment | $7,981,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$496,683 |
$144,103
$53,393 |
$299,187 |
| 2 |
$521,532 |
$153,297
$56,065 |
$312,170 |
| 3 |
$547,602 |
$162,943
$58,867 |
$325,792 |
| 4 |
$574,992 |
$173,077
$61,812 |
$340,103 |
| 5 |
$603,735 |
$183,712
$64,902 |
$355,121 |
| 6 |
$633,930 |
$194,884
$68,147 |
$370,899 |
| 7 |
$665,610 |
$206,606
$71,553 |
$387,451 |
| 8 |
$698,907 |
$218,926
$75,133 |
$404,848 |
| 9 |
$733,854 |
$231,856
$78,889 |
$423,109 |
| 10 |
$770,550 |
$245,434
$82,834 |
$442,282 |
| 11 |
$809,061 |
$259,683
$86,974 |
$462,404 |
| 12 |
$849,519 |
$274,652
$91,323 |
$483,544 |
| 13 |
$891,990 |
$290,367
$95,889 |
$505,734 |
| 14 |
$936,606 |
$306,875
$100,685 |
$529,046 |
| 15 |
$983,433 |
$324,201
$105,719 |
$553,513 |
| 16 |
$1,032,603 |
$342,393
$111,005 |
$579,205 |
| 17 |
$1,084,215 |
$361,490
$116,553 |
$606,172 |
| 18 |
$1,138,434 |
$381,551
$122,382 |
$634,501 |
| 19 |
$1,195,359 |
$402,613
$128,501 |
$664,245 |
| 20 |
$1,255,122 |
$424,726
$134,926 |
$695,470 |
| 21 |
$1,317,888 |
$447,949
$141,673 |
$728,266 |
| 22 |
$1,383,789 |
$472,332
$148,757 |
$762,700 |
| 23 |
$1,452,957 |
$497,924
$156,193 |
$798,840 |
| 24 |
$1,525,623 |
$524,811
$164,004 |
$836,808 |
| 25 |
$1,601,886 |
$553,028
$172,203 |
$876,655 |
| 26 |
$1,682,010 |
$582,674
$180,816 |
$918,520 |
| 27 |
$1,766,094 |
$613,785
$189,855 |
$962,454 |
| 28 |
$1,854,402 |
$646,459
$199,348 |
$1,008,595 |
| 29 |
$1,947,132 |
$680,769
$209,317 |
$1,057,046 |
| 30 |
$2,044,482 |
$716,789
$219,782 |
$1,107,911 |
|
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