Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 6, 2025 is estimated to be $449 Million, with a cash option of 203.9 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 Virginia, your state will take 4% 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.

Virginia Powerball Jackpot/Cash Option for Wed Aug 6, 2025

Draw Date	Jackpot	Cash Option
Wed Aug 6, 2025	$449,000,000	$203,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$203,900,000
Federal Tax(24%)	$48,936,000
Additional Federal Tax	$26,467,330
State Tax(4%)	$8,156,000
Net Lumpsum Payment	$120,340,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,757,899	-$2,460,753 -$270,316	$4,026,830
2	$7,095,996	-$2,585,849 -$283,840	$4,226,307
3	$7,450,706	-$2,717,092 -$298,028	$4,435,586
4	$7,823,376	-$2,854,980 -$312,935	$4,655,461
5	$8,214,455	-$2,999,679 -$328,578	$4,886,198
6	$8,625,290	-$3,151,688 -$345,012	$5,128,590
7	$9,056,330	-$3,311,172 -$362,253	$5,382,905
8	$9,509,371	-$3,478,798 -$380,375	$5,650,198
9	$9,984,862	-$3,654,729 -$399,394	$5,930,739
10	$10,484,150	-$3,839,466 -$419,366	$6,225,318
11	$11,008,133	-$4,033,340 -$440,325	$6,534,468
12	$11,558,607	-$4,237,015 -$462,344	$6,859,248
13	$12,136,470	-$4,450,824 -$485,459	$7,200,187
14	$12,743,518	-$4,675,432 -$509,741	$7,558,345
15	$13,380,649	-$4,911,171 -$535,226	$7,934,252
16	$14,049,659	-$5,158,704 -$561,986	$8,328,969
17	$14,751,895	-$5,418,532 -$590,076	$8,743,287
18	$15,489,602	-$5,691,483 -$619,584	$9,178,535
19	$16,264,127	-$5,978,057 -$650,565	$9,635,505
20	$17,077,266	-$6,278,919 -$683,091	$10,115,256
21	$17,931,264	-$6,594,898 -$717,251	$10,619,115
22	$18,827,917	-$6,926,660 -$753,117	$11,148,140
23	$19,769,021	-$7,274,868 -$790,761	$11,703,392
24	$20,757,719	-$7,640,686 -$830,309	$12,286,724
25	$21,795,358	-$8,024,613 -$871,814	$12,898,931
26	$22,885,530	-$8,427,976 -$915,421	$13,542,133
27	$24,029,582	-$8,851,276 -$961,183	$14,217,123
28	$25,231,106	-$9,295,840 -$1,009,244	$14,926,022
29	$26,492,796	-$9,762,665 -$1,059,712	$15,670,419
30	$27,817,346	-$10,252,748 -$1,112,694	$16,451,904