Washington Lottery

WALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 28, 2026 is estimated to be $238 Million, with a cash option of 110.9 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. The good news is that if you're a resident of Washington, you won't owe any state tax on 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 Powerball Jackpot/Cash Option for Sat Feb 28, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 28, 2026	$238,000,000	$110,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$110,900,000
Federal Tax(24%)	$26,616,000
Additional Federal Tax	$14,377,330
State Tax(0%)	$0
Net Lumpsum Payment	$69,906,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,582,138	-$1,285,721 -$0	$2,296,417
2	$3,761,352	-$1,352,031 -$0	$2,409,321
3	$3,949,372	-$1,421,598 -$0	$2,527,774
4	$4,146,912	-$1,494,688 -$0	$2,652,224
5	$4,354,210	-$1,571,388 -$0	$2,782,822
6	$4,571,980	-$1,651,963 -$0	$2,920,017
7	$4,800,460	-$1,736,501 -$0	$3,063,959
8	$5,040,602	-$1,825,353 -$0	$3,215,249
9	$5,292,644	-$1,918,609 -$0	$3,374,035
10	$5,557,300	-$2,016,531 -$0	$3,540,769
11	$5,835,046	-$2,119,297 -$0	$3,715,749
12	$6,126,834	-$2,227,259 -$0	$3,899,575
13	$6,433,140	-$2,340,592 -$0	$4,092,548
14	$6,754,916	-$2,459,649 -$0	$4,295,267
15	$7,092,638	-$2,584,606 -$0	$4,508,032
16	$7,447,258	-$2,715,816 -$0	$4,731,442
17	$7,819,490	-$2,853,542 -$0	$4,965,948
18	$8,210,524	-$2,998,224 -$0	$5,212,300
19	$8,621,074	-$3,150,128 -$0	$5,470,946
20	$9,052,092	-$3,309,604 -$0	$5,742,488
21	$9,504,768	-$3,477,095 -$0	$6,027,673
22	$9,980,054	-$3,652,950 -$0	$6,327,104
23	$10,478,902	-$3,837,524 -$0	$6,641,378
24	$11,002,978	-$4,031,432 -$0	$6,971,546
25	$11,552,996	-$4,234,939 -$0	$7,318,057
26	$12,130,860	-$4,448,749 -$0	$7,682,111
27	$12,737,284	-$4,673,125 -$0	$8,064,159
28	$13,374,172	-$4,908,774 -$0	$8,465,398
29	$14,042,952	-$5,156,223 -$0	$8,886,729
30	$14,745,052	-$5,416,000 -$0	$9,329,052