Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Sep 29, 2025 is estimated to be $160 Million, with a cash option of 74.2 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 Mon Sep 29, 2025

Draw Date	Jackpot	Cash Option
Mon Sep 29, 2025	$160,000,000	$74,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$74,200,000
Federal Tax(24%)	$17,808,000
Additional Federal Tax	$9,606,330
State Tax(4%)	$2,968,000
Net Lumpsum Payment	$43,817,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,408,160	-$851,350 -$96,326	$1,460,484
2	$2,528,640	-$895,927 -$101,146	$1,531,567
3	$2,655,040	-$942,695 -$106,202	$1,606,143
4	$2,787,840	-$991,831 -$111,514	$1,684,495
5	$2,927,200	-$1,043,394 -$117,088	$1,766,718
6	$3,073,600	-$1,097,562 -$122,944	$1,853,094
7	$3,227,200	-$1,154,394 -$129,088	$1,943,718
8	$3,388,640	-$1,214,127 -$135,546	$2,038,967
9	$3,558,080	-$1,276,820 -$142,323	$2,138,937
10	$3,736,000	-$1,342,650 -$149,440	$2,243,910
11	$3,922,720	-$1,411,737 -$156,909	$2,354,074
12	$4,118,880	-$1,484,316 -$164,755	$2,469,809
13	$4,324,800	-$1,560,506 -$172,992	$2,591,302
14	$4,541,120	-$1,640,545 -$181,645	$2,718,930
15	$4,768,160	-$1,724,550 -$190,726	$2,852,884
16	$5,006,560	-$1,812,758 -$200,262	$2,993,540
17	$5,256,800	-$1,905,346 -$210,272	$3,141,182
18	$5,519,680	-$2,002,612 -$220,787	$3,296,281
19	$5,795,680	-$2,104,732 -$231,827	$3,459,121
20	$6,085,440	-$2,211,943 -$243,418	$3,630,079
21	$6,389,760	-$2,324,542 -$255,590	$3,809,628
22	$6,709,280	-$2,442,764 -$268,371	$3,998,145
23	$7,044,640	-$2,566,847 -$281,786	$4,196,007
24	$7,396,960	-$2,697,206 -$295,878	$4,403,876
25	$7,766,720	-$2,834,017 -$310,669	$4,622,034
26	$8,155,200	-$2,977,754 -$326,208	$4,851,238
27	$8,562,880	-$3,128,596 -$342,515	$5,091,769
28	$8,991,040	-$3,287,015 -$359,642	$5,344,383
29	$9,440,640	-$3,453,367 -$377,626	$5,609,647
30	$9,912,640	-$3,628,007 -$396,506	$5,888,127