The jackpot for the Powerball draw on Wed Jan 28, 2026, is projected to be $43 Million, with an option for a cash payout of $19.4 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Arkansas residents, the state will deduct 4.9% from your lottery earnings.
| Arkansas Powerball Jackpot/Cash Option for Wed Jan 28, 2026 |
|---|
| Draw Date | Wed Jan 28, 2026 | | Projected Jackpot | $43,000,000 | | Cash Value | $19,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $19,400,000 | | Federal Tax(24%) | $4,656,000 | | Additional Federal Tax | $2,482,330 | | State Tax(4.9%) | $950,600 | | Net Lumpsum Payment | $11,311,070 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$647,193 |
$199,792
$31,712 |
$415,689 |
| 2 |
$679,572 |
$211,772
$33,299 |
$434,501 |
| 3 |
$713,542 |
$224,341
$34,964 |
$454,237 |
| 4 |
$749,232 |
$237,546
$36,712 |
$474,974 |
| 5 |
$786,685 |
$251,404
$38,548 |
$496,733 |
| 6 |
$826,030 |
$265,961
$40,475 |
$519,594 |
| 7 |
$867,310 |
$281,235
$42,498 |
$543,577 |
| 8 |
$910,697 |
$297,288
$44,624 |
$568,785 |
| 9 |
$956,234 |
$314,137
$46,855 |
$595,242 |
| 10 |
$1,004,050 |
$331,829
$49,198 |
$623,023 |
| 11 |
$1,054,231 |
$350,396
$51,657 |
$652,178 |
| 12 |
$1,106,949 |
$369,902
$54,241 |
$682,806 |
| 13 |
$1,162,290 |
$390,378
$56,952 |
$714,960 |
| 14 |
$1,220,426 |
$411,888
$59,801 |
$748,737 |
| 15 |
$1,281,443 |
$434,464
$62,791 |
$784,188 |
| 16 |
$1,345,513 |
$458,170
$65,930 |
$821,413 |
| 17 |
$1,412,765 |
$483,053
$69,225 |
$860,487 |
| 18 |
$1,483,414 |
$509,194
$72,687 |
$901,533 |
| 19 |
$1,557,589 |
$536,638
$76,322 |
$944,629 |
| 20 |
$1,635,462 |
$565,451
$80,138 |
$989,873 |
| 21 |
$1,717,248 |
$595,712
$84,145 |
$1,037,391 |
| 22 |
$1,803,119 |
$627,484
$88,353 |
$1,087,282 |
| 23 |
$1,893,247 |
$660,832
$92,769 |
$1,139,646 |
| 24 |
$1,987,933 |
$695,866
$97,409 |
$1,194,658 |
| 25 |
$2,087,306 |
$732,634
$102,278 |
$1,252,394 |
| 26 |
$2,191,710 |
$771,263
$107,394 |
$1,313,053 |
| 27 |
$2,301,274 |
$811,802
$112,762 |
$1,376,710 |
| 28 |
$2,416,342 |
$854,377
$118,401 |
$1,443,564 |
| 29 |
$2,537,172 |
$899,084
$124,321 |
$1,513,767 |
| 30 |
$2,664,022 |
$946,019
$130,537 |
$1,587,466 |
|
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