The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Oregon residents, the state will deduct 8% from your lottery earnings.
| Oregon Powerball Jackpot/Cash Option for Mon Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $294,700,000 | | Federal Tax(24%) | $70,728,000 | | Additional Federal Tax | $38,271,330 | | State Tax(8%) | $23,576,000 | | Net Lumpsum Payment | $162,124,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,340,037 |
$3,786,144
$827,203 |
$5,726,690 |
| 2 |
$10,857,348 |
$3,977,549
$868,588 |
$6,011,211 |
| 3 |
$11,400,078 |
$4,178,359
$912,006 |
$6,309,713 |
| 4 |
$11,970,288 |
$4,389,337
$957,623 |
$6,623,328 |
| 5 |
$12,568,665 |
$4,610,736
$1,005,493 |
$6,952,436 |
| 6 |
$13,197,270 |
$4,843,320
$1,055,782 |
$7,298,168 |
| 7 |
$13,856,790 |
$5,087,343
$1,108,543 |
$7,660,904 |
| 8 |
$14,549,973 |
$5,343,820
$1,163,998 |
$8,042,155 |
| 9 |
$15,277,506 |
$5,613,008
$1,222,200 |
$8,442,298 |
| 10 |
$16,041,450 |
$5,895,667
$1,283,316 |
$8,862,467 |
| 11 |
$16,843,179 |
$6,192,307
$1,347,454 |
$9,303,418 |
| 12 |
$17,685,441 |
$6,503,944
$1,414,835 |
$9,766,662 |
| 13 |
$18,569,610 |
$6,831,086
$1,485,569 |
$10,252,955 |
| 14 |
$19,498,434 |
$7,174,751
$1,559,875 |
$10,763,808 |
| 15 |
$20,473,287 |
$7,535,447
$1,637,863 |
$11,299,977 |
| 16 |
$21,496,917 |
$7,914,190
$1,719,753 |
$11,862,974 |
| 17 |
$22,571,385 |
$8,311,743
$1,805,711 |
$12,453,931 |
| 18 |
$23,700,126 |
$8,729,377
$1,896,010 |
$13,074,739 |
| 19 |
$24,885,201 |
$9,167,855
$1,990,816 |
$13,726,530 |
| 20 |
$26,129,358 |
$9,628,193
$2,090,349 |
$14,410,816 |
| 21 |
$27,436,032 |
$10,111,662
$2,194,883 |
$15,129,487 |
| 22 |
$28,807,971 |
$10,619,280
$2,304,638 |
$15,884,053 |
| 23 |
$30,247,923 |
$11,152,062
$2,419,834 |
$16,676,027 |
| 24 |
$31,760,697 |
$11,711,788
$2,540,856 |
$17,508,053 |
| 25 |
$33,348,354 |
$12,299,221
$2,667,868 |
$18,381,265 |
| 26 |
$35,016,390 |
$12,916,395
$2,801,311 |
$19,298,684 |
| 27 |
$36,766,866 |
$13,564,071
$2,941,349 |
$20,261,446 |
| 28 |
$38,605,278 |
$14,244,283
$3,088,422 |
$21,272,573 |
| 29 |
$40,535,748 |
$14,958,557
$3,242,860 |
$22,334,331 |
| 30 |
$42,562,398 |
$15,708,418
$3,404,992 |
$23,448,988 |
|
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