Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Nov 22, 2025 is estimated to be $629 Million, with a cash option of 294.5 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 Sat Nov 22, 2025

Draw Date	Jackpot	Cash Option
Sat Nov 22, 2025	$629,000,000	$294,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,500,000
Federal Tax(24%)	$70,680,000
Additional Federal Tax	$38,245,330
State Tax(4%)	$11,780,000
Net Lumpsum Payment	$173,794,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,467,079	-$3,463,150 -$378,683	$5,625,246
2	$9,940,716	-$3,638,395 -$397,629	$5,904,692
3	$10,437,626	-$3,822,252 -$417,505	$6,197,869
4	$10,959,696	-$4,015,418 -$438,388	$6,505,890
5	$11,507,555	-$4,218,126 -$460,302	$6,829,127
6	$12,083,090	-$4,431,074 -$483,324	$7,168,692
7	$12,686,930	-$4,654,494 -$507,477	$7,524,959
8	$13,321,591	-$4,889,319 -$532,864	$7,899,408
9	$13,987,702	-$5,135,780 -$559,508	$8,292,414
10	$14,687,150	-$5,394,576 -$587,486	$8,705,088
11	$15,421,193	-$5,666,172 -$616,848	$9,138,173
12	$16,192,347	-$5,951,499 -$647,694	$9,593,154
13	$17,001,870	-$6,251,022 -$680,075	$10,070,773
14	$17,852,278	-$6,565,673 -$714,091	$10,572,514
15	$18,744,829	-$6,895,917 -$749,793	$11,099,119
16	$19,682,039	-$7,242,685 -$787,282	$11,652,072
17	$20,665,795	-$7,606,675 -$826,632	$12,232,488
18	$21,699,242	-$7,989,050 -$867,970	$12,842,222
19	$22,784,267	-$8,390,509 -$911,371	$13,482,387
20	$23,923,386	-$8,811,983 -$956,935	$14,154,468
21	$25,119,744	-$9,254,636 -$1,004,790	$14,860,318
22	$26,375,857	-$9,719,397 -$1,055,034	$15,601,426
23	$27,694,241	-$10,207,200 -$1,107,770	$16,379,271
24	$29,079,299	-$10,719,671 -$1,163,172	$17,196,456
25	$30,532,918	-$11,257,510 -$1,221,317	$18,054,091
26	$32,060,130	-$11,822,578 -$1,282,405	$18,955,147
27	$33,662,822	-$12,415,575 -$1,346,513	$19,900,734
28	$35,346,026	-$13,038,360 -$1,413,841	$20,893,825
29	$37,113,516	-$13,692,331 -$1,484,541	$21,936,644
30	$38,969,066	-$14,378,885 -$1,558,763	$23,031,418