The jackpot for the Powerball draw on Wed Oct 15, 2025, is projected to be $273 Million, with an option for a cash payout of $127.8 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia Powerball Jackpot/Cash Option for Wed Oct 15, 2025 |
|---|
| Draw Date | Wed Oct 15, 2025 | | Projected Jackpot | $273,000,000 | | Cash Value | $127,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $127,800,000 | | Federal Tax(24%) | $30,672,000 | | Additional Federal Tax | $16,574,330 | | State Tax(4%) | $5,112,000 | | Net Lumpsum Payment | $75,441,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,108,923 |
$1,480,632
$164,357 |
$2,463,934 |
| 2 |
$4,314,492 |
$1,556,692
$172,580 |
$2,585,220 |
| 3 |
$4,530,162 |
$1,636,490
$181,206 |
$2,712,466 |
| 4 |
$4,756,752 |
$1,720,329
$190,270 |
$2,846,153 |
| 5 |
$4,994,535 |
$1,808,308
$199,781 |
$2,986,446 |
| 6 |
$5,244,330 |
$1,900,732
$209,773 |
$3,133,825 |
| 7 |
$5,506,410 |
$1,997,702
$220,256 |
$3,288,452 |
| 8 |
$5,781,867 |
$2,099,621
$231,275 |
$3,450,971 |
| 9 |
$6,070,974 |
$2,206,591
$242,839 |
$3,621,544 |
| 10 |
$6,374,550 |
$2,318,914
$254,982 |
$3,800,654 |
| 11 |
$6,693,141 |
$2,436,793
$267,726 |
$3,988,622 |
| 12 |
$7,027,839 |
$2,560,631
$281,114 |
$4,186,094 |
| 13 |
$7,379,190 |
$2,690,631
$295,168 |
$4,393,391 |
| 14 |
$7,748,286 |
$2,827,196
$309,931 |
$4,611,159 |
| 15 |
$8,135,673 |
$2,970,529
$325,427 |
$4,839,717 |
| 16 |
$8,542,443 |
$3,121,034
$341,698 |
$5,079,711 |
| 17 |
$8,969,415 |
$3,279,014
$358,777 |
$5,331,624 |
| 18 |
$9,417,954 |
$3,444,973
$376,718 |
$5,596,263 |
| 19 |
$9,888,879 |
$3,619,216
$395,555 |
$5,874,108 |
| 20 |
$10,383,282 |
$3,802,145
$415,331 |
$6,165,806 |
| 21 |
$10,902,528 |
$3,994,266
$436,101 |
$6,472,161 |
| 22 |
$11,447,709 |
$4,195,983
$457,908 |
$6,793,818 |
| 23 |
$12,019,917 |
$4,407,700
$480,797 |
$7,131,420 |
| 24 |
$12,621,063 |
$4,630,124
$504,843 |
$7,486,096 |
| 25 |
$13,251,966 |
$4,863,558
$530,079 |
$7,858,329 |
| 26 |
$13,914,810 |
$5,108,810
$556,592 |
$8,249,408 |
| 27 |
$14,610,414 |
$5,366,184
$584,417 |
$8,659,813 |
| 28 |
$15,340,962 |
$5,636,486
$613,638 |
$9,090,838 |
| 29 |
$16,108,092 |
$5,920,324
$644,324 |
$9,543,444 |
| 30 |
$16,913,442 |
$6,218,304
$676,538 |
$10,018,600 |
|
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