The jackpot for the Powerball draw on Sat Jan 10, 2026, is projected to be $124 Million, with an option for a cash payout of $56 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 Sat Jan 10, 2026 |
|---|
| Draw Date | Sat Jan 10, 2026 | | Projected Jackpot | $124,000,000 | | Cash Value | $56,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,000,000 | | Federal Tax(24%) | $13,440,000 | | Additional Federal Tax | $7,240,330 | | State Tax(10.75%) | $6,020,000 | | Net Lumpsum Payment | $29,299,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,866,324 |
$650,870
$200,630 |
$1,014,824 |
| 2 |
$1,959,696 |
$685,418
$210,667 |
$1,063,611 |
| 3 |
$2,057,656 |
$721,663
$221,198 |
$1,114,795 |
| 4 |
$2,160,576 |
$759,744
$232,262 |
$1,168,570 |
| 5 |
$2,268,580 |
$799,705
$243,872 |
$1,225,003 |
| 6 |
$2,382,040 |
$841,685
$256,069 |
$1,284,286 |
| 7 |
$2,501,080 |
$885,730
$268,866 |
$1,346,484 |
| 8 |
$2,626,196 |
$932,023
$282,316 |
$1,411,857 |
| 9 |
$2,757,512 |
$980,610
$296,433 |
$1,480,469 |
| 10 |
$2,895,400 |
$1,031,628
$311,256 |
$1,552,516 |
| 11 |
$3,040,108 |
$1,085,170
$326,812 |
$1,628,126 |
| 12 |
$3,192,132 |
$1,141,419
$343,154 |
$1,707,559 |
| 13 |
$3,351,720 |
$1,200,467
$360,310 |
$1,790,943 |
| 14 |
$3,519,368 |
$1,262,497
$378,332 |
$1,878,539 |
| 15 |
$3,695,324 |
$1,327,600
$397,247 |
$1,970,477 |
| 16 |
$3,880,084 |
$1,395,961
$417,109 |
$2,067,014 |
| 17 |
$4,074,020 |
$1,467,718
$437,957 |
$2,168,345 |
| 18 |
$4,277,752 |
$1,543,099
$459,858 |
$2,274,795 |
| 19 |
$4,491,652 |
$1,622,242
$482,853 |
$2,386,557 |
| 20 |
$4,716,216 |
$1,705,330
$506,993 |
$2,503,893 |
| 21 |
$4,952,064 |
$1,792,594
$532,347 |
$2,627,123 |
| 22 |
$5,199,692 |
$1,884,216
$558,967 |
$2,756,509 |
| 23 |
$5,459,596 |
$1,980,381
$586,907 |
$2,892,308 |
| 24 |
$5,732,644 |
$2,081,409
$616,259 |
$3,034,976 |
| 25 |
$6,019,208 |
$2,187,437
$647,065 |
$3,184,706 |
| 26 |
$6,320,280 |
$2,298,834
$679,430 |
$3,342,016 |
| 27 |
$6,636,232 |
$2,415,736
$713,395 |
$3,507,101 |
| 28 |
$6,968,056 |
$2,538,511
$749,066 |
$3,680,479 |
| 29 |
$7,316,496 |
$2,667,434
$786,523 |
$3,862,539 |
| 30 |
$7,682,296 |
$2,802,780
$825,847 |
$4,053,669 |
|
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