The jackpot for the Powerball draw on Mon Dec 15, 2025, is projected to be $1.10 Billion, with an option for a cash payout of $503.4 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 those living in Washington, the bright side is you won't have to pay any state taxes on your lottery prize.
| Washington Powerball Jackpot/Cash Option for Mon Dec 15, 2025 |
|---|
| Draw Date | Mon Dec 15, 2025 | | Projected Jackpot | $1,100,000,000 | | Cash Value | $503,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $503,400,000 | | Federal Tax(24%) | $120,816,000 | | Additional Federal Tax | $65,402,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $317,181,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$16,556,100 |
$6,086,087
$0 |
$10,470,013 |
| 2 |
$17,384,400 |
$6,392,558
$0 |
$10,991,842 |
| 3 |
$18,253,400 |
$6,714,088
$0 |
$11,539,312 |
| 4 |
$19,166,400 |
$7,051,898
$0 |
$12,114,502 |
| 5 |
$20,124,500 |
$7,406,395
$0 |
$12,718,105 |
| 6 |
$21,131,000 |
$7,778,800
$0 |
$13,352,200 |
| 7 |
$22,187,000 |
$8,169,520
$0 |
$14,017,480 |
| 8 |
$23,296,900 |
$8,580,183
$0 |
$14,716,717 |
| 9 |
$24,461,800 |
$9,011,196
$0 |
$15,450,604 |
| 10 |
$25,685,000 |
$9,463,780
$0 |
$16,221,220 |
| 11 |
$26,968,700 |
$9,938,749
$0 |
$17,029,951 |
| 12 |
$28,317,300 |
$10,437,731
$0 |
$17,879,569 |
| 13 |
$29,733,000 |
$10,961,540
$0 |
$18,771,460 |
| 14 |
$31,220,200 |
$11,511,804
$0 |
$19,708,396 |
| 15 |
$32,781,100 |
$12,089,337
$0 |
$20,691,763 |
| 16 |
$34,420,100 |
$12,695,767
$0 |
$21,724,333 |
| 17 |
$36,140,500 |
$13,332,315
$0 |
$22,808,185 |
| 18 |
$37,947,800 |
$14,001,016
$0 |
$23,946,784 |
| 19 |
$39,845,300 |
$14,703,091
$0 |
$25,142,209 |
| 20 |
$41,837,400 |
$15,440,168
$0 |
$26,397,232 |
| 21 |
$43,929,600 |
$16,214,282
$0 |
$27,715,318 |
| 22 |
$46,126,300 |
$17,027,061
$0 |
$29,099,239 |
| 23 |
$48,431,900 |
$17,880,133
$0 |
$30,551,767 |
| 24 |
$50,854,100 |
$18,776,347
$0 |
$32,077,753 |
| 25 |
$53,396,200 |
$19,716,924
$0 |
$33,679,276 |
| 26 |
$56,067,000 |
$20,705,120
$0 |
$35,361,880 |
| 27 |
$58,869,800 |
$21,742,156
$0 |
$37,127,644 |
| 28 |
$61,813,400 |
$22,831,288
$0 |
$38,982,112 |
| 29 |
$64,904,400 |
$23,974,958
$0 |
$40,929,442 |
| 30 |
$68,149,400 |
$25,175,608
$0 |
$42,973,792 |
|
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