The jackpot for the Powerball draw on Wed Sep 17, 2025, is projected to be $81 Million, with an option for a cash payout of $37.9 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 Sep 17, 2025 |
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Draw Date | Wed Sep 17, 2025 | Projected Jackpot | $81,000,000 | Cash Value | $37,900,000 |
Lumpsum Option Taxes and Payment |
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Cash Gross Payment | $37,900,000 | Federal Tax(24%) | $9,096,000 | Additional Federal Tax | $4,887,330 | State Tax(10.75%) | $4,074,250 | Net Lumpsum Payment | $19,842,420 |
Annuity Payment in 30 Installations |
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Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
1 |
$1,219,131 |
$411,409 $131,057 |
$676,665 |
2 |
$1,280,124 |
$433,976 $137,613 |
$708,535 |
3 |
$1,344,114 |
$457,653 $144,492 |
$741,969 |
4 |
$1,411,344 |
$482,528 $151,719 |
$777,097 |
5 |
$1,481,895 |
$508,632 $159,304 |
$813,959 |
6 |
$1,556,010 |
$536,054 $167,271 |
$852,685 |
7 |
$1,633,770 |
$564,825 $175,630 |
$893,315 |
8 |
$1,715,499 |
$595,065 $184,416 |
$936,018 |
9 |
$1,801,278 |
$626,803 $193,637 |
$980,838 |
10 |
$1,891,350 |
$660,130 $203,320 |
$1,027,900 |
11 |
$1,985,877 |
$695,105 $213,482 |
$1,077,290 |
12 |
$2,085,183 |
$731,848 $224,157 |
$1,129,178 |
13 |
$2,189,430 |
$770,419 $235,364 |
$1,183,647 |
14 |
$2,298,942 |
$810,939 $247,136 |
$1,240,867 |
15 |
$2,413,881 |
$853,466 $259,492 |
$1,300,923 |
16 |
$2,534,571 |
$898,122 $272,466 |
$1,363,983 |
17 |
$2,661,255 |
$944,995 $286,085 |
$1,430,175 |
18 |
$2,794,338 |
$994,235 $300,391 |
$1,499,712 |
19 |
$2,934,063 |
$1,045,934 $315,412 |
$1,572,717 |
20 |
$3,080,754 |
$1,100,209 $331,181 |
$1,649,364 |
21 |
$3,234,816 |
$1,157,212 $347,743 |
$1,729,861 |
22 |
$3,396,573 |
$1,217,062 $365,132 |
$1,814,379 |
23 |
$3,566,349 |
$1,279,880 $383,383 |
$1,903,086 |
24 |
$3,744,711 |
$1,345,873 $402,556 |
$1,996,282 |
25 |
$3,931,902 |
$1,415,134 $422,679 |
$2,094,089 |
26 |
$4,128,570 |
$1,487,901 $443,821 |
$2,196,848 |
27 |
$4,334,958 |
$1,564,265 $466,008 |
$2,304,685 |
28 |
$4,551,714 |
$1,644,465 $489,309 |
$2,417,940 |
29 |
$4,779,324 |
$1,728,680 $513,777 |
$2,536,867 |
30 |
$5,018,274 |
$1,817,092 $539,464 |
$2,661,718 |
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