The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(10.75%) | $4,945,000 | | Net Lumpsum Payment | $24,074,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$163,416 |
$833,949 |
| 2 |
$1,596,204 |
$550,926
$171,592 |
$873,686 |
| 3 |
$1,675,994 |
$580,448
$180,169 |
$915,377 |
| 4 |
$1,759,824 |
$611,465
$189,181 |
$959,178 |
| 5 |
$1,847,795 |
$644,015
$198,638 |
$1,005,142 |
| 6 |
$1,940,210 |
$678,208
$208,573 |
$1,053,429 |
| 7 |
$2,037,170 |
$714,083
$218,996 |
$1,104,091 |
| 8 |
$2,139,079 |
$751,790
$229,951 |
$1,157,338 |
| 9 |
$2,246,038 |
$791,364
$241,449 |
$1,213,225 |
| 10 |
$2,358,350 |
$832,920
$253,523 |
$1,271,907 |
| 11 |
$2,476,217 |
$876,531
$266,193 |
$1,333,493 |
| 12 |
$2,600,043 |
$922,346
$279,505 |
$1,398,192 |
| 13 |
$2,730,030 |
$970,441
$293,478 |
$1,466,111 |
| 14 |
$2,866,582 |
$1,020,966
$308,158 |
$1,537,458 |
| 15 |
$3,009,901 |
$1,073,994
$323,564 |
$1,612,343 |
| 16 |
$3,160,391 |
$1,129,675
$339,742 |
$1,690,974 |
| 17 |
$3,318,355 |
$1,188,122
$356,723 |
$1,773,510 |
| 18 |
$3,484,298 |
$1,249,521
$374,562 |
$1,860,215 |
| 19 |
$3,658,523 |
$1,313,984
$393,291 |
$1,951,248 |
| 20 |
$3,841,434 |
$1,381,661
$412,954 |
$2,046,819 |
| 21 |
$4,033,536 |
$1,452,739
$433,605 |
$2,147,192 |
| 22 |
$4,235,233 |
$1,527,367
$455,288 |
$2,252,578 |
| 23 |
$4,446,929 |
$1,605,694
$478,045 |
$2,363,190 |
| 24 |
$4,669,331 |
$1,687,983
$501,953 |
$2,479,395 |
| 25 |
$4,902,742 |
$1,774,345
$527,045 |
$2,601,352 |
| 26 |
$5,147,970 |
$1,865,079
$553,407 |
$2,729,484 |
| 27 |
$5,405,318 |
$1,960,298
$581,072 |
$2,863,948 |
| 28 |
$5,675,594 |
$2,060,300
$610,126 |
$3,005,168 |
| 29 |
$5,959,404 |
$2,165,310
$640,636 |
$3,153,458 |
| 30 |
$6,257,354 |
$2,275,551
$672,666 |
$3,309,137 |
|
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