The jackpot for the Powerball draw on Wed Oct 21, 2026, is projected to be $635 Million, with an option for a cash payout of $267.5 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 Oct 21, 2026 |
|---|
| Draw Date | Wed Oct 21, 2026 | | Projected Jackpot | $635,000,000 | | Cash Value | $267,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $267,500,000 | | Federal Tax(24%) | $64,200,000 | | Additional Federal Tax | $34,735,330 | | State Tax(10.75%) | $28,756,250 | | Net Lumpsum Payment | $139,808,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,557,385 |
$3,496,563
$1,027,419 |
$5,033,403 |
| 2 |
$10,035,540 |
$3,673,480
$1,078,821 |
$5,283,239 |
| 3 |
$10,537,190 |
$3,859,091
$1,132,748 |
$5,545,351 |
| 4 |
$11,064,240 |
$4,054,099
$1,189,406 |
$5,820,735 |
| 5 |
$11,617,325 |
$4,258,741
$1,248,862 |
$6,109,722 |
| 6 |
$12,198,350 |
$4,473,720
$1,311,323 |
$6,413,307 |
| 7 |
$12,807,950 |
$4,699,272
$1,376,855 |
$6,731,823 |
| 8 |
$13,448,665 |
$4,936,336
$1,445,731 |
$7,066,598 |
| 9 |
$14,121,130 |
$5,185,148
$1,518,021 |
$7,417,961 |
| 10 |
$14,827,250 |
$5,446,413
$1,593,929 |
$7,786,908 |
| 11 |
$15,568,295 |
$5,720,600
$1,673,592 |
$8,174,103 |
| 12 |
$16,346,805 |
$6,008,648
$1,757,282 |
$8,580,875 |
| 13 |
$17,164,050 |
$6,311,029
$1,845,135 |
$9,007,886 |
| 14 |
$18,022,570 |
$6,628,681
$1,937,426 |
$9,456,463 |
| 15 |
$18,923,635 |
$6,962,075
$2,034,291 |
$9,927,269 |
| 16 |
$19,869,785 |
$7,312,151
$2,136,002 |
$10,421,632 |
| 17 |
$20,862,925 |
$7,679,613
$2,242,764 |
$10,940,548 |
| 18 |
$21,906,230 |
$8,065,635
$2,354,920 |
$11,485,675 |
| 19 |
$23,001,605 |
$8,470,924
$2,472,673 |
$12,058,008 |
| 20 |
$24,151,590 |
$8,896,419
$2,596,296 |
$12,658,875 |
| 21 |
$25,359,360 |
$9,343,294
$2,726,131 |
$13,289,935 |
| 22 |
$26,627,455 |
$9,812,489
$2,862,451 |
$13,952,515 |
| 23 |
$27,958,415 |
$10,304,944
$3,005,530 |
$14,647,941 |
| 24 |
$29,356,685 |
$10,822,304
$3,155,844 |
$15,378,537 |
| 25 |
$30,824,170 |
$11,365,273
$3,313,598 |
$16,145,299 |
| 26 |
$32,365,950 |
$11,935,732
$3,479,340 |
$16,950,878 |
| 27 |
$33,983,930 |
$12,534,384
$3,653,272 |
$17,796,274 |
| 28 |
$35,683,190 |
$13,163,111
$3,835,943 |
$18,684,136 |
| 29 |
$37,467,540 |
$13,823,320
$4,027,761 |
$19,616,459 |
| 30 |
$39,340,790 |
$14,516,423
$4,229,135 |
$20,595,232 |
|
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