Washington Lottery

WALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Jul 14, 2025 is estimated to be $248 Million, with a cash option of 112.4 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. The good news is that if you're a resident of Washington, you won't owe any state tax on 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.

Washington Powerball Jackpot/Cash Option for Mon Jul 14, 2025

Draw Date	Jackpot	Cash Option
Mon Jul 14, 2025	$248,000,000	$112,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$112,400,000
Federal Tax(24%)	$26,976,000
Additional Federal Tax	$14,572,330
State Tax(0%)	$0
Net Lumpsum Payment	$70,851,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,732,648	-$1,341,410 -$0	$2,391,238
2	$3,919,392	-$1,410,505 -$0	$2,508,887
3	$4,115,312	-$1,482,996 -$0	$2,632,316
4	$4,321,152	-$1,559,157 -$0	$2,761,995
5	$4,537,160	-$1,639,080 -$0	$2,898,080
6	$4,764,080	-$1,723,040 -$0	$3,041,040
7	$5,002,160	-$1,811,130 -$0	$3,191,030
8	$5,252,392	-$1,903,715 -$0	$3,348,677
9	$5,515,024	-$2,000,889 -$0	$3,514,135
10	$5,790,800	-$2,102,926 -$0	$3,687,874
11	$6,080,216	-$2,210,010 -$0	$3,870,206
12	$6,384,264	-$2,322,508 -$0	$4,061,756
13	$6,703,440	-$2,440,603 -$0	$4,262,837
14	$7,038,736	-$2,564,663 -$0	$4,474,073
15	$7,390,648	-$2,694,870 -$0	$4,695,778
16	$7,760,168	-$2,831,593 -$0	$4,928,575
17	$8,148,040	-$2,975,105 -$0	$5,172,935
18	$8,555,504	-$3,125,867 -$0	$5,429,637
19	$8,983,304	-$3,284,153 -$0	$5,699,151
20	$9,432,432	-$3,450,330 -$0	$5,982,102
21	$9,904,128	-$3,624,858 -$0	$6,279,270
22	$10,399,384	-$3,808,102 -$0	$6,591,282
23	$10,919,192	-$4,000,431 -$0	$6,918,761
24	$11,465,288	-$4,202,487 -$0	$7,262,801
25	$12,038,416	-$4,414,544 -$0	$7,623,872
26	$12,640,560	-$4,637,338 -$0	$8,003,222
27	$13,272,464	-$4,871,142 -$0	$8,401,322
28	$13,936,112	-$5,116,692 -$0	$8,819,420
29	$14,632,992	-$5,374,537 -$0	$9,258,455
30	$15,364,592	-$5,645,229 -$0	$9,719,363