The jackpot for the Powerball draw on Wed Nov 4, 2026, is projected to be $835 Million, with an option for a cash payout of $357.9 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 Wed Nov 4, 2026 |
|---|
| Draw Date | Wed Nov 4, 2026 | | Projected Jackpot | $835,000,000 | | Cash Value | $357,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $357,900,000 | | Federal Tax(24%) | $85,896,000 | | Additional Federal Tax | $46,487,330 | | State Tax(10.75%) | $38,474,250 | | Net Lumpsum Payment | $187,042,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,567,585 |
$4,610,337
$1,351,015 |
$6,606,233 |
| 2 |
$13,196,340 |
$4,842,976
$1,418,607 |
$6,934,757 |
| 3 |
$13,855,990 |
$5,087,047
$1,489,519 |
$7,279,424 |
| 4 |
$14,549,040 |
$5,343,475
$1,564,022 |
$7,641,543 |
| 5 |
$15,276,325 |
$5,612,571
$1,642,205 |
$8,021,549 |
| 6 |
$16,040,350 |
$5,895,260
$1,724,338 |
$8,420,752 |
| 7 |
$16,841,950 |
$6,191,852
$1,810,510 |
$8,839,588 |
| 8 |
$17,684,465 |
$6,503,582
$1,901,080 |
$9,279,803 |
| 9 |
$18,568,730 |
$6,830,760
$1,996,138 |
$9,741,832 |
| 10 |
$19,497,250 |
$7,174,313
$2,095,954 |
$10,226,983 |
| 11 |
$20,471,695 |
$7,534,858
$2,200,707 |
$10,736,130 |
| 12 |
$21,495,405 |
$7,913,630
$2,310,756 |
$11,271,019 |
| 13 |
$22,570,050 |
$8,311,249
$2,426,280 |
$11,832,521 |
| 14 |
$23,698,970 |
$8,728,949
$2,547,639 |
$12,422,382 |
| 15 |
$24,883,835 |
$9,167,349
$2,675,012 |
$13,041,474 |
| 16 |
$26,127,985 |
$9,627,685
$2,808,758 |
$13,691,542 |
| 17 |
$27,433,925 |
$10,110,883
$2,949,147 |
$14,373,895 |
| 18 |
$28,805,830 |
$10,618,487
$3,096,627 |
$15,090,716 |
| 19 |
$30,246,205 |
$11,151,426
$3,251,467 |
$15,843,312 |
| 20 |
$31,758,390 |
$11,710,935
$3,414,027 |
$16,633,428 |
| 21 |
$33,346,560 |
$12,298,558
$3,584,755 |
$17,463,247 |
| 22 |
$35,014,055 |
$12,915,531
$3,764,011 |
$18,334,513 |
| 23 |
$36,764,215 |
$13,563,090
$3,952,153 |
$19,248,972 |
| 24 |
$38,602,885 |
$14,243,398
$4,149,810 |
$20,209,677 |
| 25 |
$40,532,570 |
$14,957,381
$4,357,251 |
$21,217,938 |
| 26 |
$42,559,950 |
$15,707,512
$4,575,195 |
$22,277,243 |
| 27 |
$44,687,530 |
$16,494,716
$4,803,909 |
$23,388,905 |
| 28 |
$46,921,990 |
$17,321,467
$5,044,114 |
$24,556,409 |
| 29 |
$49,268,340 |
$18,189,616
$5,296,347 |
$25,782,377 |
| 30 |
$51,731,590 |
$19,101,019
$5,561,146 |
$27,069,425 |
|
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