The jackpot for the Powerball draw on Sat Oct 18, 2025, is projected to be $295 Million, with an option for a cash payout of $138.1 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 those living in Washington, the bright side is you won't have to pay any state taxes on your lottery prize.
| Washington Powerball Jackpot/Cash Option for Sat Oct 18, 2025 |
|---|
| Draw Date | Sat Oct 18, 2025 | | Projected Jackpot | $295,000,000 | | Cash Value | $138,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $138,100,000 | | Federal Tax(24%) | $33,144,000 | | Additional Federal Tax | $17,913,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $87,042,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,440,045 |
$1,603,147
$0 |
$2,836,898 |
| 2 |
$4,662,180 |
$1,685,337
$0 |
$2,976,843 |
| 3 |
$4,895,230 |
$1,771,565
$0 |
$3,123,665 |
| 4 |
$5,140,080 |
$1,862,160
$0 |
$3,277,920 |
| 5 |
$5,397,025 |
$1,957,230
$0 |
$3,439,795 |
| 6 |
$5,666,950 |
$2,057,102
$0 |
$3,609,848 |
| 7 |
$5,950,150 |
$2,161,886
$0 |
$3,788,264 |
| 8 |
$6,247,805 |
$2,272,018
$0 |
$3,975,787 |
| 9 |
$6,560,210 |
$2,387,608
$0 |
$4,172,602 |
| 10 |
$6,888,250 |
$2,508,983
$0 |
$4,379,267 |
| 11 |
$7,232,515 |
$2,636,361
$0 |
$4,596,154 |
| 12 |
$7,594,185 |
$2,770,179
$0 |
$4,824,006 |
| 13 |
$7,973,850 |
$2,910,655
$0 |
$5,063,195 |
| 14 |
$8,372,690 |
$3,058,226
$0 |
$5,314,464 |
| 15 |
$8,791,295 |
$3,213,110
$0 |
$5,578,185 |
| 16 |
$9,230,845 |
$3,375,743
$0 |
$5,855,102 |
| 17 |
$9,692,225 |
$3,546,454
$0 |
$6,145,771 |
| 18 |
$10,176,910 |
$3,725,787
$0 |
$6,451,123 |
| 19 |
$10,685,785 |
$3,914,071
$0 |
$6,771,714 |
| 20 |
$11,220,030 |
$4,111,741
$0 |
$7,108,289 |
| 21 |
$11,781,120 |
$4,319,345
$0 |
$7,461,775 |
| 22 |
$12,370,235 |
$4,537,317
$0 |
$7,832,918 |
| 23 |
$12,988,555 |
$4,766,096
$0 |
$8,222,459 |
| 24 |
$13,638,145 |
$5,006,444
$0 |
$8,631,701 |
| 25 |
$14,319,890 |
$5,258,690
$0 |
$9,061,200 |
| 26 |
$15,036,150 |
$5,523,706
$0 |
$9,512,444 |
| 27 |
$15,787,810 |
$5,801,820
$0 |
$9,985,990 |
| 28 |
$16,577,230 |
$6,093,905
$0 |
$10,483,325 |
| 29 |
$17,406,180 |
$6,400,617
$0 |
$11,005,563 |
| 30 |
$18,276,430 |
$6,722,609
$0 |
$11,553,821 |
|
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