Washington DC Lottery

DCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 17, 2025 is estimated to be $123 Million, with a cash option of 55.9 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 May 17, 2025

Draw Date	Jackpot	Cash Option
Sat May 17, 2025	$123,000,000	$55,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,900,000
Federal Tax(24%)	$13,416,000
Additional Federal Tax	$7,227,330
State Tax(10.75%)	$6,009,250
Net Lumpsum Payment	$29,247,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,851,273	-$645,301 -$199,012	$1,006,960
2	$1,943,892	-$679,570 -$208,968	$1,055,354
3	$2,041,062	-$715,523 -$219,414	$1,106,125
4	$2,143,152	-$753,297 -$230,389	$1,159,466
5	$2,250,285	-$792,936 -$241,906	$1,215,443
6	$2,362,830	-$834,577 -$254,004	$1,274,249
7	$2,480,910	-$878,267 -$266,698	$1,335,945
8	$2,605,017	-$924,187 -$280,039	$1,400,791
9	$2,735,274	-$972,382 -$294,042	$1,468,850
10	$2,872,050	-$1,022,989 -$308,745	$1,540,316
11	$3,015,591	-$1,076,099 -$324,176	$1,615,316
12	$3,166,389	-$1,131,894 -$340,387	$1,694,108
13	$3,324,690	-$1,190,466 -$357,404	$1,776,820
14	$3,490,986	-$1,251,995 -$375,281	$1,863,710
15	$3,665,523	-$1,316,574 -$394,044	$1,954,905
16	$3,848,793	-$1,384,384 -$413,745	$2,050,664
17	$4,041,165	-$1,455,561 -$434,425	$2,151,179
18	$4,243,254	-$1,530,334 -$456,150	$2,256,770
19	$4,455,429	-$1,608,839 -$478,959	$2,367,631
20	$4,678,182	-$1,691,258 -$502,905	$2,484,019
21	$4,912,128	-$1,777,818 -$528,054	$2,606,256
22	$5,157,759	-$1,868,701 -$554,459	$2,734,599
23	$5,415,567	-$1,964,090 -$582,173	$2,869,304
24	$5,686,413	-$2,064,303 -$611,289	$3,010,821
25	$5,970,666	-$2,169,477 -$641,847	$3,159,342
26	$6,269,310	-$2,279,975 -$673,951	$3,315,384
27	$6,582,714	-$2,395,935 -$707,642	$3,479,137
28	$6,911,862	-$2,517,719 -$743,025	$3,651,118
29	$7,257,492	-$2,645,602 -$780,180	$3,831,710
30	$7,620,342	-$2,779,857 -$819,187	$4,021,298