The jackpot for the Powerball draw on Wed Jan 7, 2026, is projected to be $105 Million, with an option for a cash payout of $47.4 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 Wed Jan 7, 2026 |
|---|
| Draw Date | Wed Jan 7, 2026 | | Projected Jackpot | $105,000,000 | | Cash Value | $47,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $47,400,000 | | Federal Tax(24%) | $11,376,000 | | Additional Federal Tax | $6,122,330 | | State Tax(8%) | $3,792,000 | | Net Lumpsum Payment | $26,109,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,580,355 |
$545,062
$126,428 |
$908,865 |
| 2 |
$1,659,420 |
$574,316
$132,754 |
$952,350 |
| 3 |
$1,742,370 |
$605,007
$139,390 |
$997,973 |
| 4 |
$1,829,520 |
$637,253
$146,362 |
$1,045,905 |
| 5 |
$1,920,975 |
$671,091
$153,678 |
$1,096,206 |
| 6 |
$2,017,050 |
$706,639
$161,364 |
$1,149,047 |
| 7 |
$2,117,850 |
$743,935
$169,428 |
$1,204,487 |
| 8 |
$2,223,795 |
$783,135
$177,904 |
$1,262,756 |
| 9 |
$2,334,990 |
$824,277
$186,799 |
$1,323,914 |
| 10 |
$2,451,750 |
$867,478
$196,140 |
$1,388,132 |
| 11 |
$2,574,285 |
$912,816
$205,943 |
$1,455,526 |
| 12 |
$2,703,015 |
$960,446
$216,241 |
$1,526,328 |
| 13 |
$2,838,150 |
$1,010,446
$227,052 |
$1,600,652 |
| 14 |
$2,980,110 |
$1,062,971
$238,409 |
$1,678,730 |
| 15 |
$3,129,105 |
$1,118,099
$250,328 |
$1,760,678 |
| 16 |
$3,285,555 |
$1,175,986
$262,844 |
$1,846,725 |
| 17 |
$3,449,775 |
$1,236,747
$275,982 |
$1,937,046 |
| 18 |
$3,622,290 |
$1,300,578
$289,783 |
$2,031,929 |
| 19 |
$3,803,415 |
$1,367,594
$304,273 |
$2,131,548 |
| 20 |
$3,993,570 |
$1,437,951
$319,486 |
$2,236,133 |
| 21 |
$4,193,280 |
$1,511,844
$335,462 |
$2,345,974 |
| 22 |
$4,402,965 |
$1,589,427
$352,237 |
$2,461,301 |
| 23 |
$4,623,045 |
$1,670,857
$369,844 |
$2,582,344 |
| 24 |
$4,854,255 |
$1,756,405
$388,340 |
$2,709,510 |
| 25 |
$5,096,910 |
$1,846,187
$407,753 |
$2,842,970 |
| 26 |
$5,351,850 |
$1,940,515
$428,148 |
$2,983,187 |
| 27 |
$5,619,390 |
$2,039,505
$449,551 |
$3,130,334 |
| 28 |
$5,900,370 |
$2,143,467
$472,030 |
$3,284,873 |
| 29 |
$6,195,420 |
$2,252,636
$495,634 |
$3,447,150 |
| 30 |
$6,505,170 |
$2,367,243
$520,414 |
$3,617,513 |
|
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