The jackpot for the Powerball draw on Sat Feb 7, 2026, is projected to be $102 Million, with an option for a cash payout of $46.1 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 Sat Feb 7, 2026 |
|---|
| Draw Date | Sat Feb 7, 2026 | | Projected Jackpot | $102,000,000 | | Cash Value | $46,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,100,000 | | Federal Tax(24%) | $11,064,000 | | Additional Federal Tax | $5,953,330 | | State Tax(10.75%) | $4,955,750 | | Net Lumpsum Payment | $24,126,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,535,202 |
$528,355
$165,034 |
$841,813 |
| 2 |
$1,612,008 |
$556,773
$173,291 |
$881,944 |
| 3 |
$1,692,588 |
$586,588
$181,953 |
$924,047 |
| 4 |
$1,777,248 |
$617,912
$191,054 |
$968,282 |
| 5 |
$1,866,090 |
$650,784
$200,605 |
$1,014,701 |
| 6 |
$1,959,420 |
$685,316
$210,638 |
$1,063,466 |
| 7 |
$2,057,340 |
$721,546
$221,164 |
$1,114,630 |
| 8 |
$2,160,258 |
$759,626
$232,228 |
$1,168,404 |
| 9 |
$2,268,276 |
$799,593
$243,840 |
$1,224,843 |
| 10 |
$2,381,700 |
$841,559
$256,033 |
$1,284,108 |
| 11 |
$2,500,734 |
$885,602
$268,829 |
$1,346,303 |
| 12 |
$2,625,786 |
$931,871
$282,272 |
$1,411,643 |
| 13 |
$2,757,060 |
$980,443
$296,384 |
$1,480,233 |
| 14 |
$2,894,964 |
$1,031,467
$311,209 |
$1,552,288 |
| 15 |
$3,039,702 |
$1,085,020
$326,768 |
$1,627,914 |
| 16 |
$3,191,682 |
$1,141,253
$343,106 |
$1,707,323 |
| 17 |
$3,351,210 |
$1,200,278
$360,255 |
$1,790,677 |
| 18 |
$3,518,796 |
$1,262,285
$378,271 |
$1,878,240 |
| 19 |
$3,694,746 |
$1,327,386
$397,185 |
$1,970,175 |
| 20 |
$3,879,468 |
$1,395,734
$417,043 |
$2,066,691 |
| 21 |
$4,073,472 |
$1,467,515
$437,898 |
$2,168,059 |
| 22 |
$4,277,166 |
$1,542,882
$459,795 |
$2,274,489 |
| 23 |
$4,490,958 |
$1,621,985
$482,778 |
$2,386,195 |
| 24 |
$4,715,562 |
$1,705,088
$506,923 |
$2,503,551 |
| 25 |
$4,951,284 |
$1,792,305
$532,263 |
$2,626,716 |
| 26 |
$5,198,940 |
$1,883,938
$558,886 |
$2,756,116 |
| 27 |
$5,458,836 |
$1,980,100
$586,825 |
$2,891,911 |
| 28 |
$5,731,788 |
$2,081,092
$616,167 |
$3,034,529 |
| 29 |
$6,018,408 |
$2,187,141
$646,979 |
$3,184,288 |
| 30 |
$6,319,308 |
$2,298,474
$679,326 |
$3,341,508 |
|
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