The water dispenser and drain for use with a toilet is a device that is used to wet toilet paper. The water dispenser and drain is an accessory that is adapted to be positioned atop of or adjacent to a toilet. Moreover, the water dispenser and drain is adapted to tie into a water line that is associated with said toilet. The water dispenser and drain includes a drainpipe that is adapted to be fed into the toilet tank in order to drain excess water therein. The water dispenser and drain includes a catch basis that includes a drain in fluid connection with the drainpipe. A nozzle is connected to a valve that is in turn in fluid connection with the water line associated with the toilet. The nozzle is positioned directly over the catch basin and drain.