Virginia Lottery

VALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Nov 24, 2025 is estimated to be $654 Million, with a cash option of 303.2 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 Mon Nov 24, 2025

Draw Date	Jackpot	Cash Option
Mon Nov 24, 2025	$654,000,000	$303,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$303,200,000
Federal Tax(24%)	$72,768,000
Additional Federal Tax	$39,376,330
State Tax(4%)	$12,128,000
Net Lumpsum Payment	$178,927,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,843,354	-$3,602,371 -$393,734	$5,847,249
2	$10,335,816	-$3,784,582 -$413,433	$6,137,801
3	$10,852,476	-$3,975,747 -$434,099	$6,442,630
4	$11,395,296	-$4,176,590 -$455,812	$6,762,894
5	$11,964,930	-$4,387,354 -$478,597	$7,098,979
6	$12,563,340	-$4,608,766 -$502,534	$7,452,040
7	$13,191,180	-$4,841,067 -$527,647	$7,822,466
8	$13,851,066	-$5,085,225 -$554,043	$8,211,798
9	$14,543,652	-$5,341,482 -$581,746	$8,620,424
10	$15,270,900	-$5,610,563 -$610,836	$9,049,501
11	$16,034,118	-$5,892,954 -$641,365	$9,499,799
12	$16,835,922	-$6,189,622 -$673,437	$9,972,863
13	$17,677,620	-$6,501,050 -$707,105	$10,469,465
14	$18,561,828	-$6,828,207 -$742,473	$10,991,148
15	$19,489,854	-$7,171,576 -$779,594	$11,538,684
16	$20,464,314	-$7,532,127 -$818,573	$12,113,614
17	$21,487,170	-$7,910,583 -$859,487	$12,717,100
18	$22,561,692	-$8,308,156 -$902,468	$13,351,068
19	$23,689,842	-$8,725,572 -$947,594	$14,016,676
20	$24,874,236	-$9,163,798 -$994,969	$14,715,469
21	$26,118,144	-$9,624,044 -$1,044,726	$15,449,374
22	$27,424,182	-$10,107,278 -$1,096,967	$16,219,937
23	$28,794,966	-$10,614,468 -$1,151,799	$17,028,699
24	$30,235,074	-$11,147,308 -$1,209,403	$17,878,363
25	$31,746,468	-$11,706,524 -$1,269,859	$18,770,085
26	$33,334,380	-$12,294,051 -$1,333,375	$19,706,954
27	$35,000,772	-$12,910,616 -$1,400,031	$20,690,125
28	$36,750,876	-$13,558,155 -$1,470,035	$21,722,686
29	$38,588,616	-$14,238,118 -$1,543,545	$22,806,953
30	$40,517,916	-$14,951,959 -$1,620,717	$23,945,240