Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat May 31, 2025 is estimated to be $207 Million, with a cash option of 91 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 May 31, 2025

Draw Date	Jackpot	Cash Option
Sat May 31, 2025	$207,000,000	$91,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$91,000,000
Federal Tax(24%)	$21,840,000
Additional Federal Tax	$11,790,330
State Tax(4%)	$3,640,000
Net Lumpsum Payment	$53,729,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,115,557	-$1,113,086 -$124,622	$1,877,849
2	$3,271,428	-$1,170,759 -$130,857	$1,969,812
3	$3,434,958	-$1,231,265 -$137,398	$2,066,295
4	$3,606,768	-$1,294,835 -$144,271	$2,167,662
5	$3,787,065	-$1,361,544 -$151,483	$2,274,038
6	$3,976,470	-$1,431,624 -$159,059	$2,385,787
7	$4,175,190	-$1,505,151 -$167,008	$2,503,031
8	$4,384,053	-$1,582,430 -$175,362	$2,626,261
9	$4,603,266	-$1,663,539 -$184,131	$2,755,596
10	$4,833,450	-$1,748,707 -$193,338	$2,891,405
11	$5,075,019	-$1,838,087 -$203,001	$3,033,931
12	$5,328,801	-$1,931,987 -$213,152	$3,183,662
13	$5,595,210	-$2,030,558 -$223,808	$3,340,844
14	$5,875,074	-$2,134,108 -$235,003	$3,505,963
15	$6,168,807	-$2,242,789 -$246,752	$3,679,266
16	$6,477,237	-$2,356,908 -$259,089	$3,861,240
17	$6,800,985	-$2,476,695 -$272,039	$4,052,251
18	$7,141,086	-$2,602,532 -$285,643	$4,252,911
19	$7,498,161	-$2,734,650 -$299,926	$4,463,585
20	$7,873,038	-$2,873,354 -$314,922	$4,684,762
21	$8,266,752	-$3,019,029 -$330,670	$4,917,053
22	$8,680,131	-$3,171,979 -$347,205	$5,160,947
23	$9,114,003	-$3,332,511 -$364,560	$5,416,932
24	$9,569,817	-$3,501,163 -$382,793	$5,685,861
25	$10,048,194	-$3,678,162 -$401,928	$5,968,104
26	$10,550,790	-$3,864,123 -$422,032	$6,264,635
27	$11,078,226	-$4,059,274 -$443,129	$6,575,823
28	$11,632,158	-$4,264,229 -$465,286	$6,902,643
29	$12,213,828	-$4,479,447 -$488,553	$7,245,828
30	$12,824,478	-$4,705,387 -$512,979	$7,606,112