The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 Sat Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(4.9%) | $8,829,800 | | Net Lumpsum Payment | $104,735,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$292,050 |
$3,502,543 |
| 2 |
$6,258,384 |
$2,275,932
$306,661 |
$3,675,791 |
| 3 |
$6,571,224 |
$2,391,683
$321,990 |
$3,857,551 |
| 4 |
$6,899,904 |
$2,513,295
$338,095 |
$4,048,514 |
| 5 |
$7,244,820 |
$2,640,914
$354,996 |
$4,248,910 |
| 6 |
$7,607,160 |
$2,774,980
$372,751 |
$4,459,429 |
| 7 |
$7,987,320 |
$2,915,639
$391,379 |
$4,680,302 |
| 8 |
$8,386,884 |
$3,063,477
$410,957 |
$4,912,450 |
| 9 |
$8,806,248 |
$3,218,642
$431,506 |
$5,156,100 |
| 10 |
$9,246,600 |
$3,381,572
$453,083 |
$5,411,945 |
| 11 |
$9,708,732 |
$3,552,561
$475,728 |
$5,680,443 |
| 12 |
$10,194,228 |
$3,732,195
$499,517 |
$5,962,516 |
| 13 |
$10,703,880 |
$3,920,766
$524,490 |
$6,258,624 |
| 14 |
$11,239,272 |
$4,118,861
$550,724 |
$6,569,687 |
| 15 |
$11,801,196 |
$4,326,773
$578,259 |
$6,896,164 |
| 16 |
$12,391,236 |
$4,545,088
$607,171 |
$7,238,977 |
| 17 |
$13,010,580 |
$4,774,245
$637,518 |
$7,598,817 |
| 18 |
$13,661,208 |
$5,014,977
$669,399 |
$7,976,832 |
| 19 |
$14,344,308 |
$5,267,724
$702,871 |
$8,373,713 |
| 20 |
$15,061,464 |
$5,533,072
$738,012 |
$8,790,380 |
| 21 |
$15,814,656 |
$5,811,753
$774,918 |
$9,227,985 |
| 22 |
$16,605,468 |
$6,104,354
$813,668 |
$9,687,446 |
| 23 |
$17,435,484 |
$6,411,459
$854,339 |
$10,169,686 |
| 24 |
$18,307,476 |
$6,734,097
$897,066 |
$10,676,313 |
| 25 |
$19,222,632 |
$7,072,704
$941,909 |
$11,208,019 |
| 26 |
$20,184,120 |
$7,428,455
$989,022 |
$11,766,643 |
| 27 |
$21,193,128 |
$7,801,788
$1,038,463 |
$12,352,877 |
| 28 |
$22,252,824 |
$8,193,875
$1,090,388 |
$12,968,561 |
| 29 |
$23,365,584 |
$8,605,596
$1,144,914 |
$13,615,074 |
| 30 |
$24,533,784 |
$9,037,830
$1,202,155 |
$14,293,799 |
|
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