The jackpot for the Powerball draw on Sat Mar 7, 2026, is projected to be $35 Million, with an option for a cash payout of $16.5 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 Sat Mar 7, 2026 |
|---|
| Draw Date | Sat Mar 7, 2026 | | Projected Jackpot | $35,000,000 | | Cash Value | $16,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $16,500,000 | | Federal Tax(24%) | $3,960,000 | | Additional Federal Tax | $2,105,330 | | State Tax(10.75%) | $1,773,750 | | Net Lumpsum Payment | $8,660,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$526,785 |
$155,241
$56,629 |
$314,915 |
| 2 |
$553,140 |
$164,992
$59,463 |
$328,685 |
| 3 |
$580,790 |
$175,223
$62,435 |
$343,132 |
| 4 |
$609,840 |
$185,971
$65,558 |
$358,311 |
| 5 |
$640,325 |
$197,251
$68,835 |
$374,239 |
| 6 |
$672,350 |
$209,100
$72,278 |
$390,972 |
| 7 |
$705,950 |
$221,532
$75,890 |
$408,528 |
| 8 |
$741,265 |
$234,598
$79,686 |
$426,981 |
| 9 |
$778,330 |
$248,312
$83,670 |
$446,348 |
| 10 |
$817,250 |
$262,713
$87,854 |
$466,683 |
| 11 |
$858,095 |
$277,826
$92,245 |
$488,024 |
| 12 |
$901,005 |
$293,702
$96,858 |
$510,445 |
| 13 |
$946,050 |
$310,369
$101,700 |
$533,981 |
| 14 |
$993,370 |
$327,877
$106,787 |
$558,706 |
| 15 |
$1,043,035 |
$346,253
$112,126 |
$584,656 |
| 16 |
$1,095,185 |
$365,549
$117,732 |
$611,904 |
| 17 |
$1,149,925 |
$385,803
$123,617 |
$640,505 |
| 18 |
$1,207,430 |
$407,079
$129,799 |
$670,552 |
| 19 |
$1,267,805 |
$429,418
$136,289 |
$702,098 |
| 20 |
$1,331,190 |
$452,871
$143,103 |
$735,216 |
| 21 |
$1,397,760 |
$477,502
$150,259 |
$769,999 |
| 22 |
$1,467,655 |
$503,363
$157,773 |
$806,519 |
| 23 |
$1,541,015 |
$530,506
$165,659 |
$844,850 |
| 24 |
$1,618,085 |
$559,022
$173,944 |
$885,119 |
| 25 |
$1,698,970 |
$588,949
$182,639 |
$927,382 |
| 26 |
$1,783,950 |
$620,392
$191,775 |
$971,783 |
| 27 |
$1,873,130 |
$653,388
$201,361 |
$1,018,381 |
| 28 |
$1,966,790 |
$688,043
$211,430 |
$1,067,317 |
| 29 |
$2,065,140 |
$724,432
$222,003 |
$1,118,705 |
| 30 |
$2,168,390 |
$762,635
$233,102 |
$1,172,653 |
|
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