The jackpot for the Powerball draw on Mon May 19, 2025, is projected to be $134 Million, with an option for a cash payout of $60.3 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 May 19, 2025 |
|---|
| Draw Date | Mon May 19, 2025 | | Projected Jackpot | $134,000,000 | | Cash Value | $60,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $60,300,000 | | Federal Tax(24%) | $14,472,000 | | Additional Federal Tax | $7,799,330 | | State Tax(10.75%) | $6,482,250 | | Net Lumpsum Payment | $31,546,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,016,834 |
$706,559
$216,810 |
$1,093,465 |
| 2 |
$2,117,736 |
$743,893
$227,657 |
$1,146,186 |
| 3 |
$2,223,596 |
$783,061
$239,037 |
$1,201,498 |
| 4 |
$2,334,816 |
$824,212
$250,993 |
$1,259,611 |
| 5 |
$2,451,530 |
$867,396
$263,539 |
$1,320,595 |
| 6 |
$2,574,140 |
$912,762
$276,720 |
$1,384,658 |
| 7 |
$2,702,780 |
$960,359
$290,549 |
$1,451,872 |
| 8 |
$2,837,986 |
$1,010,385
$305,083 |
$1,522,518 |
| 9 |
$2,979,892 |
$1,062,890
$320,338 |
$1,596,664 |
| 10 |
$3,128,900 |
$1,118,023
$336,357 |
$1,674,520 |
| 11 |
$3,285,278 |
$1,175,883
$353,167 |
$1,756,228 |
| 12 |
$3,449,562 |
$1,236,668
$370,828 |
$1,842,066 |
| 13 |
$3,622,020 |
$1,300,478
$389,367 |
$1,932,175 |
| 14 |
$3,803,188 |
$1,367,510
$408,843 |
$2,026,835 |
| 15 |
$3,993,334 |
$1,437,864
$429,283 |
$2,126,187 |
| 16 |
$4,192,994 |
$1,511,738
$450,747 |
$2,230,509 |
| 17 |
$4,402,570 |
$1,589,281
$473,276 |
$2,340,013 |
| 18 |
$4,622,732 |
$1,670,741
$496,944 |
$2,455,047 |
| 19 |
$4,853,882 |
$1,756,267
$521,792 |
$2,575,823 |
| 20 |
$5,096,556 |
$1,846,056
$547,880 |
$2,702,620 |
| 21 |
$5,351,424 |
$1,940,357
$575,278 |
$2,835,789 |
| 22 |
$5,619,022 |
$2,039,369
$604,045 |
$2,975,608 |
| 23 |
$5,899,886 |
$2,143,288
$634,238 |
$3,122,360 |
| 24 |
$6,194,954 |
$2,252,463
$665,958 |
$3,276,533 |
| 25 |
$6,504,628 |
$2,367,043
$699,248 |
$3,438,337 |
| 26 |
$6,829,980 |
$2,487,423
$734,223 |
$3,608,334 |
| 27 |
$7,171,412 |
$2,613,753
$770,927 |
$3,786,732 |
| 28 |
$7,529,996 |
$2,746,429
$809,475 |
$3,974,092 |
| 29 |
$7,906,536 |
$2,885,749
$849,953 |
$4,170,834 |
| 30 |
$8,301,836 |
$3,032,010
$892,447 |
$4,377,379 |
|
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