The jackpot for the Powerball draw on Wed Mar 18, 2026, is projected to be $101 Million, with an option for a cash payout of $46 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 those living in California, the bright side is you won't have to pay any state taxes on your lottery prize.
| California Powerball Jackpot/Cash Option for Wed Mar 18, 2026 |
|---|
| Draw Date | Wed Mar 18, 2026 | | Projected Jackpot | $101,000,000 | | Cash Value | $46,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,000,000 | | Federal Tax(24%) | $11,040,000 | | Additional Federal Tax | $5,940,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $29,019,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,520,151 |
$522,786
$0 |
$997,365 |
| 2 |
$1,596,204 |
$550,926
$0 |
$1,045,278 |
| 3 |
$1,675,994 |
$580,448
$0 |
$1,095,546 |
| 4 |
$1,759,824 |
$611,465
$0 |
$1,148,359 |
| 5 |
$1,847,795 |
$644,015
$0 |
$1,203,780 |
| 6 |
$1,940,210 |
$678,208
$0 |
$1,262,002 |
| 7 |
$2,037,170 |
$714,083
$0 |
$1,323,087 |
| 8 |
$2,139,079 |
$751,790
$0 |
$1,387,289 |
| 9 |
$2,246,038 |
$791,364
$0 |
$1,454,674 |
| 10 |
$2,358,350 |
$832,920
$0 |
$1,525,430 |
| 11 |
$2,476,217 |
$876,531
$0 |
$1,599,686 |
| 12 |
$2,600,043 |
$922,346
$0 |
$1,677,697 |
| 13 |
$2,730,030 |
$970,441
$0 |
$1,759,589 |
| 14 |
$2,866,582 |
$1,020,966
$0 |
$1,845,616 |
| 15 |
$3,009,901 |
$1,073,994
$0 |
$1,935,907 |
| 16 |
$3,160,391 |
$1,129,675
$0 |
$2,030,716 |
| 17 |
$3,318,355 |
$1,188,122
$0 |
$2,130,233 |
| 18 |
$3,484,298 |
$1,249,521
$0 |
$2,234,777 |
| 19 |
$3,658,523 |
$1,313,984
$0 |
$2,344,539 |
| 20 |
$3,841,434 |
$1,381,661
$0 |
$2,459,773 |
| 21 |
$4,033,536 |
$1,452,739
$0 |
$2,580,797 |
| 22 |
$4,235,233 |
$1,527,367
$0 |
$2,707,866 |
| 23 |
$4,446,929 |
$1,605,694
$0 |
$2,841,235 |
| 24 |
$4,669,331 |
$1,687,983
$0 |
$2,981,348 |
| 25 |
$4,902,742 |
$1,774,345
$0 |
$3,128,397 |
| 26 |
$5,147,970 |
$1,865,079
$0 |
$3,282,891 |
| 27 |
$5,405,318 |
$1,960,298
$0 |
$3,445,020 |
| 28 |
$5,675,594 |
$2,060,300
$0 |
$3,615,294 |
| 29 |
$5,959,404 |
$2,165,310
$0 |
$3,794,094 |
| 30 |
$6,257,354 |
$2,275,551
$0 |
$3,981,803 |
|
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