Washington Lottery

WALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Aug 25, 2025 is estimated to be $750 Million, with a cash option of 338.6 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 Aug 25, 2025

Draw Date	Jackpot	Cash Option
Mon Aug 25, 2025	$750,000,000	$338,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$338,600,000
Federal Tax(24%)	$81,264,000
Additional Federal Tax	$43,978,330
State Tax(0%)	$0
Net Lumpsum Payment	$213,357,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,288,250	-$4,136,983 -$0	$7,151,267
2	$11,853,000	-$4,345,940 -$0	$7,507,060
3	$12,445,500	-$4,565,165 -$0	$7,880,335
4	$13,068,000	-$4,795,490 -$0	$8,272,510
5	$13,721,250	-$5,037,193 -$0	$8,684,057
6	$14,407,500	-$5,291,105 -$0	$9,116,395
7	$15,127,500	-$5,557,505 -$0	$9,569,995
8	$15,884,250	-$5,837,503 -$0	$10,046,747
9	$16,678,500	-$6,131,375 -$0	$10,547,125
10	$17,512,500	-$6,439,955 -$0	$11,072,545
11	$18,387,750	-$6,763,798 -$0	$11,623,952
12	$19,307,250	-$7,104,013 -$0	$12,203,237
13	$20,272,500	-$7,461,155 -$0	$12,811,345
14	$21,286,500	-$7,836,335 -$0	$13,450,165
15	$22,350,750	-$8,230,108 -$0	$14,120,642
16	$23,468,250	-$8,643,583 -$0	$14,824,667
17	$24,641,250	-$9,077,593 -$0	$15,563,657
18	$25,873,500	-$9,533,525 -$0	$16,339,975
19	$27,167,250	-$10,012,213 -$0	$17,155,037
20	$28,525,500	-$10,514,765 -$0	$18,010,735
21	$29,952,000	-$11,042,570 -$0	$18,909,430
22	$31,449,750	-$11,596,738 -$0	$19,853,012
23	$33,021,750	-$12,178,378 -$0	$20,843,372
24	$34,673,250	-$12,789,433 -$0	$21,883,817
25	$36,406,500	-$13,430,735 -$0	$22,975,765
26	$38,227,500	-$14,104,505 -$0	$24,122,995
27	$40,138,500	-$14,811,575 -$0	$25,326,925
28	$42,145,500	-$15,554,165 -$0	$26,591,335
29	$44,253,000	-$16,333,940 -$0	$27,919,060
30	$46,465,500	-$17,152,565 -$0	$29,312,935