The jackpot for the Powerball draw on Mon Jun 23, 2025, is projected to be $128 Million, with an option for a cash payout of $57.6 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 Mon Jun 23, 2025 |
|---|
| Draw Date | Mon Jun 23, 2025 | | Projected Jackpot | $128,000,000 | | Cash Value | $57,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,600,000 | | Federal Tax(24%) | $13,824,000 | | Additional Federal Tax | $7,448,330 | | State Tax(10.75%) | $6,192,000 | | Net Lumpsum Payment | $30,135,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,926,528 |
$673,146
$207,102 |
$1,046,280 |
| 2 |
$2,022,912 |
$708,808
$217,463 |
$1,096,641 |
| 3 |
$2,124,032 |
$746,222
$228,333 |
$1,149,477 |
| 4 |
$2,230,272 |
$785,531
$239,754 |
$1,204,987 |
| 5 |
$2,341,760 |
$826,782
$251,739 |
$1,263,239 |
| 6 |
$2,458,880 |
$870,116
$264,330 |
$1,324,434 |
| 7 |
$2,581,760 |
$915,582
$277,539 |
$1,388,639 |
| 8 |
$2,710,912 |
$963,368
$291,423 |
$1,456,121 |
| 9 |
$2,846,464 |
$1,013,522
$305,995 |
$1,526,947 |
| 10 |
$2,988,800 |
$1,066,186
$321,296 |
$1,601,318 |
| 11 |
$3,138,176 |
$1,121,456
$337,354 |
$1,679,366 |
| 12 |
$3,295,104 |
$1,179,519
$354,224 |
$1,761,361 |
| 13 |
$3,459,840 |
$1,240,471
$371,933 |
$1,847,436 |
| 14 |
$3,632,896 |
$1,304,502
$390,536 |
$1,937,858 |
| 15 |
$3,814,528 |
$1,371,706
$410,062 |
$2,032,760 |
| 16 |
$4,005,248 |
$1,442,272
$430,564 |
$2,132,412 |
| 17 |
$4,205,440 |
$1,516,343
$452,085 |
$2,237,012 |
| 18 |
$4,415,744 |
$1,594,156
$474,692 |
$2,346,896 |
| 19 |
$4,636,544 |
$1,675,852
$498,428 |
$2,462,264 |
| 20 |
$4,868,352 |
$1,761,621
$523,348 |
$2,583,383 |
| 21 |
$5,111,808 |
$1,851,699
$549,519 |
$2,710,590 |
| 22 |
$5,367,424 |
$1,946,277
$576,998 |
$2,844,149 |
| 23 |
$5,635,712 |
$2,045,544
$605,839 |
$2,984,329 |
| 24 |
$5,917,568 |
$2,149,831
$636,139 |
$3,131,598 |
| 25 |
$6,213,376 |
$2,259,280
$667,938 |
$3,286,158 |
| 26 |
$6,524,160 |
$2,374,270
$701,347 |
$3,448,543 |
| 27 |
$6,850,304 |
$2,494,943
$736,408 |
$3,618,953 |
| 28 |
$7,192,832 |
$2,621,678
$773,229 |
$3,797,925 |
| 29 |
$7,552,512 |
$2,754,760
$811,895 |
$3,985,857 |
| 30 |
$7,930,112 |
$2,894,472
$852,487 |
$4,183,153 |
|
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