The jackpot for the Powerball draw on Wed Dec 17, 2025, is projected to be $1.25 Billion, with an option for a cash payout of $572.1 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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia Powerball Jackpot/Cash Option for Wed Dec 17, 2025 |
|---|
| Draw Date | Wed Dec 17, 2025 | | Projected Jackpot | $1,250,000,000 | | Cash Value | $572,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $572,100,000 | | Federal Tax(24%) | $137,304,000 | | Additional Federal Tax | $74,333,330 | | State Tax(4%) | $22,884,000 | | Net Lumpsum Payment | $337,578,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$18,813,750 |
$6,921,418
$752,550 |
$11,139,782 |
| 2 |
$19,755,000 |
$7,269,680
$790,200 |
$11,695,120 |
| 3 |
$20,742,500 |
$7,635,055
$829,700 |
$12,277,745 |
| 4 |
$21,780,000 |
$8,018,930
$871,200 |
$12,889,870 |
| 5 |
$22,868,750 |
$8,421,768
$914,750 |
$13,532,232 |
| 6 |
$24,012,500 |
$8,844,955
$960,500 |
$14,207,045 |
| 7 |
$25,212,500 |
$9,288,955
$1,008,500 |
$14,915,045 |
| 8 |
$26,473,750 |
$9,755,618
$1,058,950 |
$15,659,182 |
| 9 |
$27,797,500 |
$10,245,405
$1,111,900 |
$16,440,195 |
| 10 |
$29,187,500 |
$10,759,705
$1,167,500 |
$17,260,295 |
| 11 |
$30,646,250 |
$11,299,443
$1,225,850 |
$18,120,957 |
| 12 |
$32,178,750 |
$11,866,468
$1,287,150 |
$19,025,132 |
| 13 |
$33,787,500 |
$12,461,705
$1,351,500 |
$19,974,295 |
| 14 |
$35,477,500 |
$13,087,005
$1,419,100 |
$20,971,395 |
| 15 |
$37,251,250 |
$13,743,293
$1,490,050 |
$22,017,907 |
| 16 |
$39,113,750 |
$14,432,418
$1,564,550 |
$23,116,782 |
| 17 |
$41,068,750 |
$15,155,768
$1,642,750 |
$24,270,232 |
| 18 |
$43,122,500 |
$15,915,655
$1,724,900 |
$25,481,945 |
| 19 |
$45,278,750 |
$16,713,468
$1,811,150 |
$26,754,132 |
| 20 |
$47,542,500 |
$17,551,055
$1,901,700 |
$28,089,745 |
| 21 |
$49,920,000 |
$18,430,730
$1,996,800 |
$29,492,470 |
| 22 |
$52,416,250 |
$19,354,343
$2,096,650 |
$30,965,257 |
| 23 |
$55,036,250 |
$20,323,743
$2,201,450 |
$32,511,057 |
| 24 |
$57,788,750 |
$21,342,168
$2,311,550 |
$34,135,032 |
| 25 |
$60,677,500 |
$22,411,005
$2,427,100 |
$35,839,395 |
| 26 |
$63,712,500 |
$23,533,955
$2,548,500 |
$37,630,045 |
| 27 |
$66,897,500 |
$24,712,405
$2,675,900 |
$39,509,195 |
| 28 |
$70,242,500 |
$25,950,055
$2,809,700 |
$41,482,745 |
| 29 |
$73,755,000 |
$27,249,680
$2,950,200 |
$43,555,120 |
| 30 |
$77,442,500 |
$28,614,055
$3,097,700 |
$45,730,745 |
|
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