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 Date | Sat 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 |
|
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