Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Dec 13, 2025 is estimated to be $1.00 Billion, with a cash option of 461.3 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 Sat Dec 13, 2025

Draw Date	Jackpot	Cash Option
Sat Dec 13, 2025	$1,000,000,000	$461,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$461,300,000
Federal Tax(24%)	$110,712,000
Additional Federal Tax	$59,929,330
State Tax(4%)	$18,452,000
Net Lumpsum Payment	$272,206,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$15,051,000	-$5,529,200 -$602,040	$8,919,760
2	$15,804,000	-$5,807,810 -$632,160	$9,364,030
3	$16,594,000	-$6,100,110 -$663,760	$9,830,130
4	$17,424,000	-$6,407,210 -$696,960	$10,319,830
5	$18,295,000	-$6,729,480 -$731,800	$10,833,720
6	$19,210,000	-$7,068,030 -$768,400	$11,373,570
7	$20,170,000	-$7,423,230 -$806,800	$11,939,970
8	$21,179,000	-$7,796,560 -$847,160	$12,535,280
9	$22,238,000	-$8,188,390 -$889,520	$13,160,090
10	$23,350,000	-$8,599,830 -$934,000	$13,816,170
11	$24,517,000	-$9,031,620 -$980,680	$14,504,700
12	$25,743,000	-$9,485,240 -$1,029,720	$15,228,040
13	$27,030,000	-$9,961,430 -$1,081,200	$15,987,370
14	$28,382,000	-$10,461,670 -$1,135,280	$16,785,050
15	$29,801,000	-$10,986,700 -$1,192,040	$17,622,260
16	$31,291,000	-$11,538,000 -$1,251,640	$18,501,360
17	$32,855,000	-$12,116,680 -$1,314,200	$19,424,120
18	$34,498,000	-$12,724,590 -$1,379,920	$20,393,490
19	$36,223,000	-$13,362,840 -$1,448,920	$21,411,240
20	$38,034,000	-$14,032,910 -$1,521,360	$22,479,730
21	$39,936,000	-$14,736,650 -$1,597,440	$23,601,910
22	$41,933,000	-$15,475,540 -$1,677,320	$24,780,140
23	$44,029,000	-$16,251,060 -$1,761,160	$26,016,780
24	$46,231,000	-$17,065,800 -$1,849,240	$27,315,960
25	$48,542,000	-$17,920,870 -$1,941,680	$28,679,450
26	$50,970,000	-$18,819,230 -$2,038,800	$30,111,970
27	$53,518,000	-$19,761,990 -$2,140,720	$31,615,290
28	$56,194,000	-$20,752,110 -$2,247,760	$33,194,130
29	$59,004,000	-$21,791,810 -$2,360,160	$34,852,030
30	$61,954,000	-$22,883,310 -$2,478,160	$36,592,530