The jackpot for the Powerball draw on Wed Apr 8, 2026, is projected to be $20 Million, with an option for a cash payout of $9.1 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 Apr 8, 2026 |
|---|
| Draw Date | Wed Apr 8, 2026 | | Projected Jackpot | $20,000,000 | | Cash Value | $9,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $9,100,000 | | Federal Tax(24%) | $2,184,000 | | Additional Federal Tax | $1,143,330 | | State Tax(10.75%) | $978,250 | | Net Lumpsum Payment | $4,794,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$301,020 |
$71,708
$32,360 |
$196,952 |
| 2 |
$316,080 |
$77,280
$33,979 |
$204,821 |
| 3 |
$331,880 |
$83,126
$35,677 |
$213,077 |
| 4 |
$348,480 |
$89,268
$37,462 |
$221,750 |
| 5 |
$365,900 |
$95,713
$39,334 |
$230,853 |
| 6 |
$384,200 |
$102,484
$41,302 |
$240,414 |
| 7 |
$403,400 |
$109,588
$43,366 |
$250,446 |
| 8 |
$423,580 |
$117,055
$45,535 |
$260,990 |
| 9 |
$444,760 |
$124,892
$47,812 |
$272,056 |
| 10 |
$467,000 |
$133,120
$50,203 |
$283,677 |
| 11 |
$490,340 |
$141,756
$52,712 |
$295,872 |
| 12 |
$514,860 |
$150,829
$55,347 |
$308,684 |
| 13 |
$540,600 |
$160,352
$58,115 |
$322,133 |
| 14 |
$567,640 |
$170,357
$61,021 |
$336,262 |
| 15 |
$596,020 |
$180,858
$64,072 |
$351,090 |
| 16 |
$625,820 |
$191,884
$67,276 |
$366,660 |
| 17 |
$657,100 |
$203,457
$70,638 |
$383,005 |
| 18 |
$689,960 |
$215,616
$74,171 |
$400,173 |
| 19 |
$724,460 |
$228,381
$77,879 |
$418,200 |
| 20 |
$760,680 |
$241,782
$81,773 |
$437,125 |
| 21 |
$798,720 |
$255,857
$85,862 |
$457,001 |
| 22 |
$838,660 |
$270,635
$90,156 |
$477,869 |
| 23 |
$880,580 |
$286,145
$94,662 |
$499,773 |
| 24 |
$924,620 |
$302,440
$99,397 |
$522,783 |
| 25 |
$970,840 |
$319,541
$104,365 |
$546,934 |
| 26 |
$1,019,400 |
$337,508
$109,586 |
$572,306 |
| 27 |
$1,070,360 |
$356,364
$115,064 |
$598,932 |
| 28 |
$1,123,880 |
$376,166
$120,817 |
$626,897 |
| 29 |
$1,180,080 |
$396,960
$126,859 |
$656,261 |
| 30 |
$1,239,080 |
$418,790
$133,201 |
$687,089 |
|
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