Abstract: A wet umbrella carrying bag that allows a wet umbrella to be stored so that water will be collected for later disposal and not dampen floor areas including a collapsible bag portion dimensioned for receiving an umbrella therein. The collapsible bag portion has an open upper end and an open lower end. A collection tray is secured to the open lower end of the collapsible bag portion. The collection tray has an open upper end and an open lower end. The open upper end is secured to the open lower end of the collapsible bag portion. The open narrow lower end has an adjustable drain disposed therein for selectively draining water from within the collection tray.