The jackpot for the Powerball draw on Wed Apr 30, 2025, is projected to be $30 Million, with an option for a cash payout of $13.9 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 Wed Apr 30, 2025 |
|---|
| Draw Date | Wed Apr 30, 2025 | | Projected Jackpot | $30,000,000 | | Cash Value | $13,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $13,900,000 | | Federal Tax(24%) | $3,336,000 | | Additional Federal Tax | $1,767,330 | | State Tax(10.75%) | $1,494,250 | | Net Lumpsum Payment | $7,302,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$451,530 |
$127,396
$48,539 |
$275,595 |
| 2 |
$474,120 |
$135,755
$50,968 |
$287,397 |
| 3 |
$497,820 |
$144,524
$53,516 |
$299,780 |
| 4 |
$522,720 |
$153,737
$56,192 |
$312,791 |
| 5 |
$548,850 |
$163,405
$59,001 |
$326,444 |
| 6 |
$576,300 |
$173,561
$61,952 |
$340,787 |
| 7 |
$605,100 |
$184,217
$65,048 |
$355,835 |
| 8 |
$635,370 |
$195,417
$68,302 |
$371,651 |
| 9 |
$667,140 |
$207,172
$71,718 |
$388,250 |
| 10 |
$700,500 |
$219,515
$75,304 |
$405,681 |
| 11 |
$735,510 |
$232,469
$79,067 |
$423,974 |
| 12 |
$772,290 |
$246,078
$83,021 |
$443,191 |
| 13 |
$810,900 |
$260,363
$87,172 |
$463,365 |
| 14 |
$851,460 |
$275,371
$91,532 |
$484,557 |
| 15 |
$894,030 |
$291,121
$96,108 |
$506,801 |
| 16 |
$938,730 |
$307,660
$100,913 |
$530,157 |
| 17 |
$985,650 |
$325,021
$105,957 |
$554,672 |
| 18 |
$1,034,940 |
$343,258
$111,256 |
$580,426 |
| 19 |
$1,086,690 |
$362,406
$116,819 |
$607,465 |
| 20 |
$1,141,020 |
$382,508
$122,660 |
$635,852 |
| 21 |
$1,198,080 |
$403,620
$128,794 |
$665,666 |
| 22 |
$1,257,990 |
$425,787
$135,234 |
$696,969 |
| 23 |
$1,320,870 |
$449,052
$141,994 |
$729,824 |
| 24 |
$1,386,930 |
$473,494
$149,095 |
$764,341 |
| 25 |
$1,456,260 |
$499,147
$156,548 |
$800,565 |
| 26 |
$1,529,100 |
$526,097
$164,378 |
$838,625 |
| 27 |
$1,605,540 |
$554,380
$172,596 |
$878,564 |
| 28 |
$1,685,820 |
$584,084
$181,226 |
$920,510 |
| 29 |
$1,770,120 |
$615,275
$190,288 |
$964,557 |
| 30 |
$1,858,620 |
$648,020
$199,802 |
$1,010,798 |
|
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