The jackpot for the Powerball draw on Mon Feb 2, 2026, is projected to be $65 Million, with an option for a cash payout of $29.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC Powerball Jackpot/Cash Option for Mon Feb 2, 2026 |
|---|
| Draw Date | Mon Feb 2, 2026 | | Projected Jackpot | $65,000,000 | | Cash Value | $29,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,400,000 | | Federal Tax(24%) | $7,056,000 | | Additional Federal Tax | $3,782,330 | | State Tax(10.75%) | $3,160,500 | | Net Lumpsum Payment | $15,401,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$978,315 |
$322,307
$105,169 |
$550,839 |
| 2 |
$1,027,260 |
$340,417
$110,430 |
$576,413 |
| 3 |
$1,078,610 |
$359,416
$115,951 |
$603,243 |
| 4 |
$1,132,560 |
$379,378
$121,750 |
$631,432 |
| 5 |
$1,189,175 |
$400,325
$127,836 |
$661,014 |
| 6 |
$1,248,650 |
$422,331
$134,230 |
$692,089 |
| 7 |
$1,311,050 |
$445,419
$140,938 |
$724,693 |
| 8 |
$1,376,635 |
$469,685
$147,988 |
$758,962 |
| 9 |
$1,445,470 |
$495,154
$155,388 |
$794,928 |
| 10 |
$1,517,750 |
$521,898
$163,158 |
$832,694 |
| 11 |
$1,593,605 |
$549,964
$171,313 |
$872,328 |
| 12 |
$1,673,295 |
$579,450
$179,879 |
$913,966 |
| 13 |
$1,756,950 |
$610,402
$188,872 |
$957,676 |
| 14 |
$1,844,830 |
$642,917
$198,319 |
$1,003,594 |
| 15 |
$1,937,065 |
$677,044
$208,234 |
$1,051,787 |
| 16 |
$2,033,915 |
$712,879
$218,646 |
$1,102,390 |
| 17 |
$2,135,575 |
$750,493
$229,574 |
$1,155,508 |
| 18 |
$2,242,370 |
$790,007
$241,055 |
$1,211,308 |
| 19 |
$2,354,495 |
$831,494
$253,108 |
$1,269,893 |
| 20 |
$2,472,210 |
$875,048
$265,763 |
$1,331,399 |
| 21 |
$2,595,840 |
$920,791
$279,053 |
$1,395,996 |
| 22 |
$2,725,645 |
$968,819
$293,007 |
$1,463,819 |
| 23 |
$2,861,885 |
$1,019,228
$307,653 |
$1,535,004 |
| 24 |
$3,005,015 |
$1,072,186
$323,039 |
$1,609,790 |
| 25 |
$3,155,230 |
$1,127,765
$339,187 |
$1,688,278 |
| 26 |
$3,313,050 |
$1,186,159
$356,153 |
$1,770,738 |
| 27 |
$3,478,670 |
$1,247,438
$373,957 |
$1,857,275 |
| 28 |
$3,652,610 |
$1,311,796
$392,656 |
$1,948,158 |
| 29 |
$3,835,260 |
$1,379,377
$412,290 |
$2,043,593 |
| 30 |
$4,027,010 |
$1,450,324
$432,904 |
$2,143,782 |
|
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