A drill bit for cutting a hole in a formation. The drill bit has a shank and a crown. The crown has a plurality of crown portions that are spaced about an operative circumference of the drill bit. The shank and crown cooperate to define an interior space that receives water or other drilling fluid. Each crown portion has two longitudinal edges, an outer surface, at least one inner surface and a cutting face. The crown has a base surface that is spaced from the cutting faces of the crown portions and cooperates with the inner surface of each of the two crown portions to define a slot.