The jackpot for the Powerball draw on Wed Jul 22, 2026, is projected to be $567 Million, with an option for a cash payout of $251.8 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 Wed Jul 22, 2026 |
|---|
| Draw Date | Wed Jul 22, 2026 | | Projected Jackpot | $567,000,000 | | Cash Value | $251,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $251,800,000 | | Federal Tax(24%) | $60,432,000 | | Additional Federal Tax | $32,694,330 | | State Tax(10.75%) | $27,068,500 | | Net Lumpsum Payment | $131,605,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,533,917 |
$3,117,880
$917,396 |
$4,498,641 |
| 2 |
$8,960,868 |
$3,275,852
$963,293 |
$4,721,723 |
| 3 |
$9,408,798 |
$3,441,586
$1,011,446 |
$4,955,766 |
| 4 |
$9,879,408 |
$3,615,711
$1,062,036 |
$5,201,661 |
| 5 |
$10,373,265 |
$3,798,438
$1,115,126 |
$5,459,701 |
| 6 |
$10,892,070 |
$3,990,396
$1,170,898 |
$5,730,776 |
| 7 |
$11,436,390 |
$4,191,795
$1,229,412 |
$6,015,183 |
| 8 |
$12,008,493 |
$4,403,473
$1,290,913 |
$6,314,107 |
| 9 |
$12,608,946 |
$4,625,640
$1,355,462 |
$6,627,844 |
| 10 |
$13,239,450 |
$4,858,927
$1,423,241 |
$6,957,282 |
| 11 |
$13,901,139 |
$5,103,752
$1,494,372 |
$7,303,015 |
| 12 |
$14,596,281 |
$5,360,954
$1,569,100 |
$7,666,227 |
| 13 |
$15,326,010 |
$5,630,954
$1,647,546 |
$8,047,510 |
| 14 |
$16,092,594 |
$5,914,590
$1,729,954 |
$8,448,050 |
| 15 |
$16,897,167 |
$6,212,282
$1,816,445 |
$8,868,440 |
| 16 |
$17,741,997 |
$6,524,869
$1,907,265 |
$9,309,863 |
| 17 |
$18,628,785 |
$6,852,981
$2,002,594 |
$9,773,210 |
| 18 |
$19,560,366 |
$7,197,666
$2,102,739 |
$10,259,961 |
| 19 |
$20,538,441 |
$7,559,554
$2,207,882 |
$10,771,005 |
| 20 |
$21,565,278 |
$7,939,483
$2,318,267 |
$11,307,528 |
| 21 |
$22,643,712 |
$8,338,504
$2,434,199 |
$11,871,009 |
| 22 |
$23,776,011 |
$8,757,454
$2,555,921 |
$12,462,636 |
| 23 |
$24,964,443 |
$9,197,174
$2,683,678 |
$13,083,591 |
| 24 |
$26,212,977 |
$9,659,132
$2,817,895 |
$13,735,950 |
| 25 |
$27,523,314 |
$10,143,957
$2,958,756 |
$14,420,601 |
| 26 |
$28,899,990 |
$10,653,327
$3,106,749 |
$15,139,914 |
| 27 |
$30,344,706 |
$11,187,872
$3,262,056 |
$15,894,778 |
| 28 |
$31,861,998 |
$11,749,270
$3,425,165 |
$16,687,563 |
| 29 |
$33,455,268 |
$12,338,780
$3,596,441 |
$17,520,047 |
| 30 |
$35,127,918 |
$12,957,660
$3,776,251 |
$18,394,007 |
|
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