The jackpot for the Powerball draw on Mon Jun 29, 2026, is projected to be $360 Million, with an option for a cash payout of $163.8 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 Mon Jun 29, 2026 |
|---|
| Draw Date | Mon Jun 29, 2026 | | Projected Jackpot | $360,000,000 | | Cash Value | $163,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,800,000 | | Federal Tax(24%) | $39,312,000 | | Additional Federal Tax | $21,254,330 | | State Tax(10.75%) | $17,608,500 | | Net Lumpsum Payment | $85,625,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,418,360 |
$1,965,124
$582,474 |
$2,870,762 |
| 2 |
$5,689,440 |
$2,065,423
$611,615 |
$3,012,402 |
| 3 |
$5,973,840 |
$2,170,651
$642,188 |
$3,161,001 |
| 4 |
$6,272,640 |
$2,281,207
$674,309 |
$3,317,124 |
| 5 |
$6,586,200 |
$2,397,224
$708,017 |
$3,480,959 |
| 6 |
$6,915,600 |
$2,519,102
$743,427 |
$3,653,071 |
| 7 |
$7,261,200 |
$2,646,974
$780,579 |
$3,833,647 |
| 8 |
$7,624,440 |
$2,781,373
$819,627 |
$4,023,440 |
| 9 |
$8,005,680 |
$2,922,432
$860,611 |
$4,222,637 |
| 10 |
$8,406,000 |
$3,070,550
$903,645 |
$4,431,805 |
| 11 |
$8,826,120 |
$3,225,995
$948,808 |
$4,651,317 |
| 12 |
$9,267,480 |
$3,389,298
$996,254 |
$4,881,928 |
| 13 |
$9,730,800 |
$3,560,726
$1,046,061 |
$5,124,013 |
| 14 |
$10,217,520 |
$3,740,813
$1,098,383 |
$5,378,324 |
| 15 |
$10,728,360 |
$3,929,824
$1,153,299 |
$5,645,237 |
| 16 |
$11,264,760 |
$4,128,292
$1,210,962 |
$5,925,506 |
| 17 |
$11,827,800 |
$4,336,616
$1,271,489 |
$6,219,695 |
| 18 |
$12,419,280 |
$4,555,464
$1,335,073 |
$6,528,743 |
| 19 |
$13,040,280 |
$4,785,234
$1,401,830 |
$6,853,216 |
| 20 |
$13,692,240 |
$5,026,459
$1,471,916 |
$7,193,865 |
| 21 |
$14,376,960 |
$5,279,806
$1,545,523 |
$7,551,631 |
| 22 |
$15,095,880 |
$5,545,806
$1,622,807 |
$7,927,267 |
| 23 |
$15,850,440 |
$5,824,993
$1,703,922 |
$8,321,525 |
| 24 |
$16,643,160 |
$6,118,300
$1,789,140 |
$8,735,720 |
| 25 |
$17,475,120 |
$6,426,125
$1,878,575 |
$9,170,420 |
| 26 |
$18,349,200 |
$6,749,534
$1,972,539 |
$9,627,127 |
| 27 |
$19,266,480 |
$7,088,928
$2,071,147 |
$10,106,405 |
| 28 |
$20,229,840 |
$7,445,371
$2,174,708 |
$10,609,761 |
| 29 |
$21,241,440 |
$7,819,663
$2,283,455 |
$11,138,322 |
| 30 |
$22,303,440 |
$8,212,603
$2,397,620 |
$11,693,217 |
|
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