Washington DC Lottery

DCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 22, 2025 is estimated to be $215 Million, with a cash option of 99.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Washington DC, your state will take 10.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Washington DC Powerball Jackpot/Cash Option for Sat Feb 22, 2025

Draw Date	Jackpot	Cash Option
Sat Feb 22, 2025	$215,000,000	$99,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$99,300,000
Federal Tax(24%)	$23,832,000
Additional Federal Tax	$12,869,330
State Tax(10.75%)	$10,674,750
Net Lumpsum Payment	$51,923,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,235,965	-$1,157,637 -$347,866	$1,730,462
2	$3,397,860	-$1,217,539 -$365,270	$1,815,051
3	$3,567,710	-$1,280,383 -$383,529	$1,903,798
4	$3,746,160	-$1,346,410 -$402,712	$1,997,038
5	$3,933,425	-$1,415,698 -$422,843	$2,094,884
6	$4,130,150	-$1,488,486 -$443,991	$2,197,673
7	$4,336,550	-$1,564,854 -$466,179	$2,305,517
8	$4,553,485	-$1,645,120 -$489,500	$2,418,865
9	$4,781,170	-$1,729,363 -$513,976	$2,537,831
10	$5,020,250	-$1,817,823 -$539,677	$2,662,750
11	$5,271,155	-$1,910,658 -$566,649	$2,793,848
12	$5,534,745	-$2,008,186 -$594,985	$2,931,574
13	$5,811,450	-$2,110,567 -$624,731	$3,076,152
14	$6,102,130	-$2,218,118 -$655,979	$3,228,033
15	$6,407,215	-$2,331,000 -$688,776	$3,387,439
16	$6,727,565	-$2,449,529 -$723,213	$3,554,823
17	$7,063,825	-$2,573,946 -$759,361	$3,730,518
18	$7,417,070	-$2,704,646 -$797,335	$3,915,089
19	$7,787,945	-$2,841,870 -$837,204	$4,108,871
20	$8,177,310	-$2,985,935 -$879,061	$4,312,314
21	$8,586,240	-$3,137,239 -$923,021	$4,525,980
22	$9,015,595	-$3,296,101 -$969,176	$4,750,318
23	$9,466,235	-$3,462,837 -$1,017,620	$4,985,778
24	$9,939,665	-$3,638,006 -$1,068,514	$5,233,145
25	$10,436,530	-$3,821,846 -$1,121,927	$5,492,757
26	$10,958,550	-$4,014,994 -$1,178,044	$5,765,512
27	$11,506,370	-$4,217,687 -$1,236,935	$6,051,748
28	$12,081,710	-$4,430,563 -$1,298,784	$6,352,363
29	$12,685,860	-$4,654,099 -$1,363,730	$6,668,031
30	$13,320,110	-$4,888,771 -$1,431,912	$6,999,427