The jackpot for the Powerball draw on Wed Dec 31, 2025, is projected to be $45 Million, with an option for a cash payout of $20.7 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 Dec 31, 2025 |
|---|
| Draw Date | Wed Dec 31, 2025 | | Projected Jackpot | $45,000,000 | | Cash Value | $20,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $20,700,000 | | Federal Tax(24%) | $4,968,000 | | Additional Federal Tax | $2,651,330 | | State Tax(10.75%) | $2,225,250 | | Net Lumpsum Payment | $10,855,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$677,295 |
$210,930
$72,809 |
$393,556 |
| 2 |
$711,180 |
$223,467
$76,452 |
$411,261 |
| 3 |
$746,730 |
$236,620
$80,273 |
$429,837 |
| 4 |
$784,080 |
$250,440
$84,289 |
$449,351 |
| 5 |
$823,275 |
$264,942
$88,502 |
$469,831 |
| 6 |
$864,450 |
$280,177
$92,928 |
$491,345 |
| 7 |
$907,650 |
$296,161
$97,572 |
$513,917 |
| 8 |
$953,055 |
$312,961
$102,453 |
$537,641 |
| 9 |
$1,000,710 |
$330,593
$107,576 |
$562,541 |
| 10 |
$1,050,750 |
$349,108
$112,956 |
$588,686 |
| 11 |
$1,103,265 |
$368,538
$118,601 |
$616,126 |
| 12 |
$1,158,435 |
$388,951
$124,532 |
$644,952 |
| 13 |
$1,216,350 |
$410,380
$130,758 |
$675,212 |
| 14 |
$1,277,190 |
$432,891
$137,298 |
$707,001 |
| 15 |
$1,341,045 |
$456,517
$144,162 |
$740,366 |
| 16 |
$1,408,095 |
$481,326
$151,370 |
$775,399 |
| 17 |
$1,478,475 |
$507,366
$158,936 |
$812,173 |
| 18 |
$1,552,410 |
$534,722
$166,884 |
$850,804 |
| 19 |
$1,630,035 |
$563,443
$175,229 |
$891,363 |
| 20 |
$1,711,530 |
$593,596
$183,989 |
$933,945 |
| 21 |
$1,797,120 |
$625,265
$193,190 |
$978,665 |
| 22 |
$1,886,985 |
$658,515
$202,851 |
$1,025,619 |
| 23 |
$1,981,305 |
$693,413
$212,990 |
$1,074,902 |
| 24 |
$2,080,395 |
$730,077
$223,642 |
$1,126,676 |
| 25 |
$2,184,390 |
$768,555
$234,822 |
$1,181,013 |
| 26 |
$2,293,650 |
$808,981
$246,567 |
$1,238,102 |
| 27 |
$2,408,310 |
$851,405
$258,893 |
$1,298,012 |
| 28 |
$2,528,730 |
$895,960
$271,838 |
$1,360,932 |
| 29 |
$2,655,180 |
$942,747
$285,432 |
$1,427,001 |
| 30 |
$2,787,930 |
$991,864
$299,702 |
$1,496,364 |
|
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