The jackpot for the Powerball draw on Wed Nov 4, 2026, is projected to be $835 Million, with an option for a cash payout of $357.9 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 Wed Nov 4, 2026 |
|---|
| Draw Date | Wed Nov 4, 2026 | | Projected Jackpot | $835,000,000 | | Cash Value | $357,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $357,900,000 | | Federal Tax(24%) | $85,896,000 | | Additional Federal Tax | $46,487,330 | | State Tax(4.75%) | $17,000,250 | | Net Lumpsum Payment | $208,516,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$12,567,585 |
$4,610,337
$596,960 |
$7,360,288 |
| 2 |
$13,196,340 |
$4,842,976
$626,826 |
$7,726,538 |
| 3 |
$13,855,990 |
$5,087,047
$658,160 |
$8,110,783 |
| 4 |
$14,549,040 |
$5,343,475
$691,079 |
$8,514,486 |
| 5 |
$15,276,325 |
$5,612,571
$725,625 |
$8,938,129 |
| 6 |
$16,040,350 |
$5,895,260
$761,917 |
$9,383,173 |
| 7 |
$16,841,950 |
$6,191,852
$799,993 |
$9,850,105 |
| 8 |
$17,684,465 |
$6,503,582
$840,012 |
$10,340,871 |
| 9 |
$18,568,730 |
$6,830,760
$882,015 |
$10,855,955 |
| 10 |
$19,497,250 |
$7,174,313
$926,119 |
$11,396,818 |
| 11 |
$20,471,695 |
$7,534,858
$972,406 |
$11,964,431 |
| 12 |
$21,495,405 |
$7,913,630
$1,021,032 |
$12,560,743 |
| 13 |
$22,570,050 |
$8,311,249
$1,072,077 |
$13,186,724 |
| 14 |
$23,698,970 |
$8,728,949
$1,125,701 |
$13,844,320 |
| 15 |
$24,883,835 |
$9,167,349
$1,181,982 |
$14,534,504 |
| 16 |
$26,127,985 |
$9,627,685
$1,241,079 |
$15,259,221 |
| 17 |
$27,433,925 |
$10,110,883
$1,303,111 |
$16,019,931 |
| 18 |
$28,805,830 |
$10,618,487
$1,368,277 |
$16,819,066 |
| 19 |
$30,246,205 |
$11,151,426
$1,436,695 |
$17,658,084 |
| 20 |
$31,758,390 |
$11,710,935
$1,508,524 |
$18,538,931 |
| 21 |
$33,346,560 |
$12,298,558
$1,583,962 |
$19,464,040 |
| 22 |
$35,014,055 |
$12,915,531
$1,663,168 |
$20,435,356 |
| 23 |
$36,764,215 |
$13,563,090
$1,746,300 |
$21,454,825 |
| 24 |
$38,602,885 |
$14,243,398
$1,833,637 |
$22,525,850 |
| 25 |
$40,532,570 |
$14,957,381
$1,925,297 |
$23,649,892 |
| 26 |
$42,559,950 |
$15,707,512
$2,021,598 |
$24,830,840 |
| 27 |
$44,687,530 |
$16,494,716
$2,122,658 |
$26,070,156 |
| 28 |
$46,921,990 |
$17,321,467
$2,228,795 |
$27,371,728 |
| 29 |
$49,268,340 |
$18,189,616
$2,340,246 |
$28,738,478 |
| 30 |
$51,731,590 |
$19,101,019
$2,457,251 |
$30,173,320 |
|
|
