The jackpot for the Powerball draw on Mon Feb 23, 2026, is projected to be $203 Million, with an option for a cash payout of $94.6 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 23, 2026 |
|---|
| Draw Date | Mon Feb 23, 2026 | | Projected Jackpot | $203,000,000 | | Cash Value | $94,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $94,600,000 | | Federal Tax(24%) | $22,704,000 | | Additional Federal Tax | $12,258,330 | | State Tax(10.75%) | $10,169,500 | | Net Lumpsum Payment | $49,468,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,055,353 |
$1,090,811
$328,450 |
$1,636,092 |
| 2 |
$3,208,212 |
$1,147,369
$344,883 |
$1,715,960 |
| 3 |
$3,368,582 |
$1,206,706
$362,123 |
$1,799,753 |
| 4 |
$3,537,072 |
$1,269,047
$380,235 |
$1,887,790 |
| 5 |
$3,713,885 |
$1,334,468
$399,243 |
$1,980,174 |
| 6 |
$3,899,630 |
$1,403,193
$419,210 |
$2,077,227 |
| 7 |
$4,094,510 |
$1,475,299
$440,160 |
$2,179,051 |
| 8 |
$4,299,337 |
$1,551,085
$462,179 |
$2,286,073 |
| 9 |
$4,514,314 |
$1,630,627
$485,289 |
$2,398,398 |
| 10 |
$4,740,050 |
$1,714,149
$509,555 |
$2,516,346 |
| 11 |
$4,976,951 |
$1,801,802
$535,022 |
$2,640,127 |
| 12 |
$5,225,829 |
$1,893,887
$561,777 |
$2,770,165 |
| 13 |
$5,487,090 |
$1,990,554
$589,862 |
$2,906,674 |
| 14 |
$5,761,546 |
$2,092,102
$619,366 |
$3,050,078 |
| 15 |
$6,049,603 |
$2,198,683
$650,332 |
$3,200,588 |
| 16 |
$6,352,073 |
$2,310,597
$682,848 |
$3,358,628 |
| 17 |
$6,669,565 |
$2,428,069
$716,978 |
$3,524,518 |
| 18 |
$7,003,094 |
$2,551,475
$752,833 |
$3,698,786 |
| 19 |
$7,353,269 |
$2,681,040
$790,476 |
$3,881,753 |
| 20 |
$7,720,902 |
$2,817,064
$829,997 |
$4,073,841 |
| 21 |
$8,107,008 |
$2,959,923
$871,503 |
$4,275,582 |
| 22 |
$8,512,399 |
$3,109,918
$915,083 |
$4,487,398 |
| 23 |
$8,937,887 |
$3,267,349
$960,823 |
$4,709,715 |
| 24 |
$9,384,893 |
$3,432,741
$1,008,876 |
$4,943,276 |
| 25 |
$9,854,026 |
$3,606,320
$1,059,308 |
$5,188,398 |
| 26 |
$10,346,910 |
$3,788,687
$1,112,293 |
$5,445,930 |
| 27 |
$10,864,154 |
$3,980,067
$1,167,897 |
$5,716,190 |
| 28 |
$11,407,382 |
$4,181,062
$1,226,294 |
$6,000,026 |
| 29 |
$11,977,812 |
$4,392,121
$1,287,615 |
$6,298,076 |
| 30 |
$12,576,662 |
$4,613,695
$1,351,991 |
$6,610,976 |
|
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