The jackpot for the Powerball draw on Wed Apr 29, 2026, is projected to be $143 Million, with an option for a cash payout of $65 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 those living in Washington, the bright side is you won't have to pay any state taxes on your lottery prize.
| Washington Powerball Jackpot/Cash Option for Wed Apr 29, 2026 |
|---|
| Draw Date | Wed Apr 29, 2026 | | Projected Jackpot | $143,000,000 | | Cash Value | $65,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $65,000,000 | | Federal Tax(24%) | $15,600,000 | | Additional Federal Tax | $8,410,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $40,989,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,152,293 |
$756,679
$0 |
$1,395,614 |
| 2 |
$2,259,972 |
$796,520
$0 |
$1,463,452 |
| 3 |
$2,372,942 |
$838,319
$0 |
$1,534,623 |
| 4 |
$2,491,632 |
$882,234
$0 |
$1,609,398 |
| 5 |
$2,616,185 |
$928,319
$0 |
$1,687,866 |
| 6 |
$2,747,030 |
$976,731
$0 |
$1,770,299 |
| 7 |
$2,884,310 |
$1,027,525
$0 |
$1,856,785 |
| 8 |
$3,028,597 |
$1,080,911
$0 |
$1,947,686 |
| 9 |
$3,180,034 |
$1,136,943
$0 |
$2,043,091 |
| 10 |
$3,339,050 |
$1,195,779
$0 |
$2,143,271 |
| 11 |
$3,505,931 |
$1,257,525
$0 |
$2,248,406 |
| 12 |
$3,681,249 |
$1,322,393
$0 |
$2,358,856 |
| 13 |
$3,865,290 |
$1,390,488
$0 |
$2,474,802 |
| 14 |
$4,058,626 |
$1,462,022
$0 |
$2,596,604 |
| 15 |
$4,261,543 |
$1,537,101
$0 |
$2,724,442 |
| 16 |
$4,474,613 |
$1,615,937
$0 |
$2,858,676 |
| 17 |
$4,698,265 |
$1,698,688
$0 |
$2,999,577 |
| 18 |
$4,933,214 |
$1,785,620
$0 |
$3,147,594 |
| 19 |
$5,179,889 |
$1,876,889
$0 |
$3,303,000 |
| 20 |
$5,438,862 |
$1,972,709
$0 |
$3,466,153 |
| 21 |
$5,710,848 |
$2,073,344
$0 |
$3,637,504 |
| 22 |
$5,996,419 |
$2,179,005
$0 |
$3,817,414 |
| 23 |
$6,296,147 |
$2,289,905
$0 |
$4,006,242 |
| 24 |
$6,611,033 |
$2,406,413
$0 |
$4,204,620 |
| 25 |
$6,941,506 |
$2,528,688
$0 |
$4,412,818 |
| 26 |
$7,288,710 |
$2,657,153
$0 |
$4,631,557 |
| 27 |
$7,653,074 |
$2,791,968
$0 |
$4,861,106 |
| 28 |
$8,035,742 |
$2,933,555
$0 |
$5,102,187 |
| 29 |
$8,437,572 |
$3,082,232
$0 |
$5,355,340 |
| 30 |
$8,859,422 |
$3,238,317
$0 |
$5,621,105 |
|
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