Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Oct 29, 2025 is estimated to be $376 Million, with a cash option of 179.3 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 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 Oct 29, 2025

Draw Date	Jackpot	Cash Option
Wed Oct 29, 2025	$376,000,000	$179,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$179,300,000
Federal Tax(24%)	$43,032,000
Additional Federal Tax	$23,269,330
State Tax(4%)	$7,172,000
Net Lumpsum Payment	$105,826,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,659,176	-$2,054,226 -$226,367	$3,378,583
2	$5,942,304	-$2,158,983 -$237,692	$3,545,629
3	$6,239,344	-$2,268,888 -$249,574	$3,720,882
4	$6,551,424	-$2,384,357 -$262,057	$3,905,010
5	$6,878,920	-$2,505,531 -$275,157	$4,098,232
6	$7,222,960	-$2,632,826 -$288,918	$4,301,216
7	$7,583,920	-$2,766,381 -$303,357	$4,514,182
8	$7,963,304	-$2,906,753 -$318,532	$4,738,019
9	$8,361,488	-$3,054,081 -$334,460	$4,972,947
10	$8,779,600	-$3,208,782 -$351,184	$5,219,634
11	$9,218,392	-$3,371,135 -$368,736	$5,478,521
12	$9,679,368	-$3,541,697 -$387,175	$5,750,496
13	$10,163,280	-$3,720,744 -$406,531	$6,036,005
14	$10,671,632	-$3,908,834 -$426,865	$6,335,933
15	$11,205,176	-$4,106,246 -$448,207	$6,650,723
16	$11,765,416	-$4,313,534 -$470,617	$6,981,265
17	$12,353,480	-$4,531,118 -$494,139	$7,328,223
18	$12,971,248	-$4,759,692 -$518,850	$7,692,706
19	$13,619,848	-$4,999,674 -$544,794	$8,075,380
20	$14,300,784	-$5,251,620 -$572,031	$8,477,133
21	$15,015,936	-$5,516,227 -$600,637	$8,899,072
22	$15,766,808	-$5,794,049 -$630,672	$9,342,087
23	$16,554,904	-$6,085,645 -$662,196	$9,807,063
24	$17,382,856	-$6,391,987 -$695,314	$10,295,555
25	$18,251,792	-$6,713,493 -$730,072	$10,808,227
26	$19,164,720	-$7,051,277 -$766,589	$11,346,854
27	$20,122,768	-$7,405,755 -$804,911	$11,912,102
28	$21,128,944	-$7,778,040 -$845,158	$12,505,746
29	$22,185,504	-$8,168,967 -$887,420	$13,129,117
30	$23,294,704	-$8,579,371 -$931,788	$13,783,545