The jackpot for the Powerball draw on Sat Sep 5, 2026, is projected to be $173 Million, with an option for a cash payout of $75 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 Sep 5, 2026 |
|---|
| Draw Date | Sat Sep 5, 2026 | | Projected Jackpot | $173,000,000 | | Cash Value | $75,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,000,000 | | Federal Tax(24%) | $18,000,000 | | Additional Federal Tax | $9,710,330 | | State Tax(10.75%) | $8,062,500 | | Net Lumpsum Payment | $39,227,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,603,823 |
$923,745
$279,911 |
$1,400,167 |
| 2 |
$2,734,092 |
$971,944
$293,915 |
$1,468,233 |
| 3 |
$2,870,762 |
$1,022,512
$308,607 |
$1,539,643 |
| 4 |
$3,014,352 |
$1,075,641
$324,043 |
$1,614,668 |
| 5 |
$3,165,035 |
$1,131,393
$340,241 |
$1,693,401 |
| 6 |
$3,323,330 |
$1,189,962
$357,258 |
$1,776,110 |
| 7 |
$3,489,410 |
$1,251,412
$375,112 |
$1,862,886 |
| 8 |
$3,663,967 |
$1,315,998
$393,876 |
$1,954,093 |
| 9 |
$3,847,174 |
$1,383,785
$413,571 |
$2,049,818 |
| 10 |
$4,039,550 |
$1,454,964
$434,252 |
$2,150,334 |
| 11 |
$4,241,441 |
$1,529,664
$455,955 |
$2,255,822 |
| 12 |
$4,453,539 |
$1,608,140
$478,755 |
$2,366,644 |
| 13 |
$4,676,190 |
$1,690,521
$502,690 |
$2,482,979 |
| 14 |
$4,910,086 |
$1,777,062
$527,834 |
$2,605,190 |
| 15 |
$5,155,573 |
$1,867,892
$554,224 |
$2,733,457 |
| 16 |
$5,413,343 |
$1,963,267
$581,934 |
$2,868,142 |
| 17 |
$5,683,915 |
$2,063,379
$611,021 |
$3,009,515 |
| 18 |
$5,968,154 |
$2,168,547
$641,577 |
$3,158,030 |
| 19 |
$6,266,579 |
$2,278,965
$673,657 |
$3,313,957 |
| 20 |
$6,579,882 |
$2,394,887
$707,337 |
$3,477,658 |
| 21 |
$6,908,928 |
$2,516,634
$742,710 |
$3,649,584 |
| 22 |
$7,254,409 |
$2,644,462
$779,849 |
$3,830,098 |
| 23 |
$7,617,017 |
$2,778,627
$818,829 |
$4,019,561 |
| 24 |
$7,997,963 |
$2,919,577
$859,781 |
$4,218,605 |
| 25 |
$8,397,766 |
$3,067,504
$902,760 |
$4,427,502 |
| 26 |
$8,817,810 |
$3,222,920
$947,915 |
$4,646,975 |
| 27 |
$9,258,614 |
$3,386,018
$995,301 |
$4,877,295 |
| 28 |
$9,721,562 |
$3,557,308
$1,045,068 |
$5,119,186 |
| 29 |
$10,207,692 |
$3,737,176
$1,097,327 |
$5,373,189 |
| 30 |
$10,718,042 |
$3,926,006
$1,152,190 |
$5,639,846 |
|
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