Washington DC Lottery

DCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Mar 10, 2025 is estimated to be $335 Million, with a cash option of 157.3 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 Washington DC, your state will take 10.75% 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.

Washington DC Powerball Jackpot/Cash Option for Mon Mar 10, 2025

Draw Date	Jackpot	Cash Option
Mon Mar 10, 2025	$335,000,000	$157,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$157,300,000
Federal Tax(24%)	$37,752,000
Additional Federal Tax	$20,409,330
State Tax(10.75%)	$16,909,750
Net Lumpsum Payment	$82,228,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,042,085	-$1,825,902 -$542,024	$2,674,159
2	$5,294,340	-$1,919,236 -$569,142	$2,805,962
3	$5,558,990	-$2,017,157 -$597,591	$2,944,242
4	$5,837,040	-$2,120,035 -$627,482	$3,089,523
5	$6,128,825	-$2,227,996 -$658,849	$3,241,980
6	$6,435,350	-$2,341,410 -$691,800	$3,402,140
7	$6,756,950	-$2,460,402 -$726,372	$3,570,176
8	$7,094,965	-$2,585,467 -$762,709	$3,746,789
9	$7,449,730	-$2,716,730 -$800,846	$3,932,154
10	$7,822,250	-$2,854,563 -$840,892	$4,126,795
11	$8,213,195	-$2,999,213 -$882,918	$4,331,064
12	$8,623,905	-$3,151,175 -$927,070	$4,545,660
13	$9,055,050	-$3,310,699 -$973,418	$4,770,933
14	$9,507,970	-$3,478,279 -$1,022,107	$5,007,584
15	$9,983,335	-$3,654,164 -$1,073,209	$5,255,962
16	$10,482,485	-$3,838,850 -$1,126,867	$5,516,768
17	$11,006,425	-$4,032,708 -$1,183,191	$5,790,526
18	$11,556,830	-$4,236,357 -$1,242,359	$6,078,114
19	$12,134,705	-$4,450,171 -$1,304,481	$6,380,053
20	$12,741,390	-$4,674,645 -$1,369,699	$6,697,046
21	$13,378,560	-$4,910,398 -$1,438,195	$7,029,967
22	$14,047,555	-$5,157,926 -$1,510,112	$7,379,517
23	$14,749,715	-$5,417,725 -$1,585,594	$7,746,396
24	$15,487,385	-$5,690,663 -$1,664,894	$8,131,828
25	$16,261,570	-$5,977,111 -$1,748,119	$8,536,340
26	$17,074,950	-$6,278,062 -$1,835,557	$8,961,331
27	$17,928,530	-$6,593,886 -$1,927,317	$9,407,327
28	$18,824,990	-$6,925,577 -$2,023,686	$9,875,727
29	$19,766,340	-$7,273,876 -$2,124,882	$10,367,582
30	$20,754,590	-$7,639,529 -$2,231,118	$10,883,943