The jackpot for the Powerball draw on Sat Jun 13, 2026, is projected to be $258 Million, with an option for a cash payout of $115 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 Oklahoma residents, the state will deduct 4.75% from your lottery earnings.
| Oklahoma Powerball Jackpot/Cash Option for Sat Jun 13, 2026 |
|---|
| Draw Date | Sat Jun 13, 2026 | | Projected Jackpot | $258,000,000 | | Cash Value | $115,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $115,000,000 | | Federal Tax(24%) | $27,600,000 | | Additional Federal Tax | $14,910,330 | | State Tax(4.75%) | $5,462,500 | | Net Lumpsum Payment | $67,027,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,883,158 |
$1,397,099
$184,450 |
$2,301,609 |
| 2 |
$4,077,432 |
$1,468,980
$193,678 |
$2,414,774 |
| 3 |
$4,281,252 |
$1,544,394
$203,359 |
$2,533,499 |
| 4 |
$4,495,392 |
$1,623,625
$213,531 |
$2,658,236 |
| 5 |
$4,720,110 |
$1,706,771
$224,205 |
$2,789,134 |
| 6 |
$4,956,180 |
$1,794,117
$235,419 |
$2,926,644 |
| 7 |
$5,203,860 |
$1,885,759
$247,183 |
$3,070,918 |
| 8 |
$5,464,182 |
$1,982,078
$259,549 |
$3,222,555 |
| 9 |
$5,737,404 |
$2,083,170
$272,527 |
$3,381,707 |
| 10 |
$6,024,300 |
$2,189,321
$286,154 |
$3,548,825 |
| 11 |
$6,325,386 |
$2,300,723
$300,456 |
$3,724,207 |
| 12 |
$6,641,694 |
$2,417,757
$315,480 |
$3,908,457 |
| 13 |
$6,973,740 |
$2,540,614
$331,253 |
$4,101,873 |
| 14 |
$7,322,556 |
$2,669,676
$347,821 |
$4,305,059 |
| 15 |
$7,688,658 |
$2,805,134
$365,211 |
$4,518,313 |
| 16 |
$8,073,078 |
$2,947,369
$383,471 |
$4,742,238 |
| 17 |
$8,476,590 |
$3,096,669
$402,638 |
$4,977,283 |
| 18 |
$8,900,484 |
$3,253,509
$422,773 |
$5,224,202 |
| 19 |
$9,345,534 |
$3,418,178
$443,913 |
$5,483,443 |
| 20 |
$9,812,772 |
$3,591,056
$466,107 |
$5,755,609 |
| 21 |
$10,303,488 |
$3,772,621
$489,416 |
$6,041,451 |
| 22 |
$10,818,714 |
$3,963,255
$513,889 |
$6,341,570 |
| 23 |
$11,359,482 |
$4,163,339
$539,575 |
$6,656,568 |
| 24 |
$11,927,598 |
$4,373,542
$566,561 |
$6,987,495 |
| 25 |
$12,523,836 |
$4,594,150
$594,882 |
$7,334,804 |
| 26 |
$13,150,260 |
$4,825,927
$624,637 |
$7,699,696 |
| 27 |
$13,807,644 |
$5,069,159
$655,863 |
$8,082,622 |
| 28 |
$14,498,052 |
$5,324,610
$688,657 |
$8,484,785 |
| 29 |
$15,223,032 |
$5,592,852
$723,094 |
$8,907,086 |
| 30 |
$15,984,132 |
$5,874,459
$759,246 |
$9,350,427 |
|
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