Washington DC Lottery

DCLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 3, 2026 is estimated to be $64 Million, with a cash option of 29.5 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Washington DC, your state will take 10.75% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Washington DC Powerball Jackpot/Cash Option for Sat Jan 3, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 3, 2026	$64,000,000	$29,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,500,000
Federal Tax(24%)	$7,080,000
Additional Federal Tax	$3,795,330
State Tax(10.75%)	$3,171,250
Net Lumpsum Payment	$15,453,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$963,264	-$316,738 -$103,551	$542,975
2	$1,011,456	-$334,569 -$108,732	$568,155
3	$1,062,016	-$353,276 -$114,167	$594,573
4	$1,115,136	-$372,931 -$119,877	$622,328
5	$1,170,880	-$393,556 -$125,870	$651,454
6	$1,229,440	-$415,223 -$132,165	$682,052
7	$1,290,880	-$437,956 -$138,770	$714,154
8	$1,355,456	-$461,849 -$145,712	$747,895
9	$1,423,232	-$486,926 -$152,997	$783,309
10	$1,494,400	-$513,258 -$160,648	$820,494
11	$1,569,088	-$540,893 -$168,677	$859,518
12	$1,647,552	-$569,925 -$177,112	$900,515
13	$1,729,920	-$600,401 -$185,966	$943,553
14	$1,816,448	-$632,416 -$195,268	$988,764
15	$1,907,264	-$666,018 -$205,031	$1,036,215
16	$2,002,624	-$701,301 -$215,282	$1,086,041
17	$2,102,720	-$738,337 -$226,042	$1,138,341
18	$2,207,872	-$777,243 -$237,346	$1,193,283
19	$2,318,272	-$818,091 -$249,214	$1,250,967
20	$2,434,176	-$860,976 -$261,674	$1,311,526
21	$2,555,904	-$906,015 -$274,760	$1,375,129
22	$2,683,712	-$953,304 -$288,499	$1,441,909
23	$2,817,856	-$1,002,937 -$302,920	$1,511,999
24	$2,958,784	-$1,055,080 -$318,069	$1,585,635
25	$3,106,688	-$1,109,805 -$333,969	$1,662,914
26	$3,262,080	-$1,167,300 -$350,674	$1,744,106
27	$3,425,152	-$1,227,637 -$368,204	$1,829,311
28	$3,596,416	-$1,291,004 -$386,615	$1,918,797
29	$3,776,256	-$1,357,545 -$405,948	$2,012,763
30	$3,965,056	-$1,427,401 -$426,244	$2,111,411