The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 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 Sat Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(8%) | $14,416,000 | | Net Lumpsum Payment | $99,149,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$476,816 |
$3,317,777 |
| 2 |
$6,258,384 |
$2,275,932
$500,671 |
$3,481,781 |
| 3 |
$6,571,224 |
$2,391,683
$525,698 |
$3,653,843 |
| 4 |
$6,899,904 |
$2,513,295
$551,992 |
$3,834,617 |
| 5 |
$7,244,820 |
$2,640,914
$579,586 |
$4,024,320 |
| 6 |
$7,607,160 |
$2,774,980
$608,573 |
$4,223,607 |
| 7 |
$7,987,320 |
$2,915,639
$638,986 |
$4,432,695 |
| 8 |
$8,386,884 |
$3,063,477
$670,951 |
$4,652,456 |
| 9 |
$8,806,248 |
$3,218,642
$704,500 |
$4,883,106 |
| 10 |
$9,246,600 |
$3,381,572
$739,728 |
$5,125,300 |
| 11 |
$9,708,732 |
$3,552,561
$776,699 |
$5,379,472 |
| 12 |
$10,194,228 |
$3,732,195
$815,538 |
$5,646,495 |
| 13 |
$10,703,880 |
$3,920,766
$856,310 |
$5,926,804 |
| 14 |
$11,239,272 |
$4,118,861
$899,142 |
$6,221,269 |
| 15 |
$11,801,196 |
$4,326,773
$944,096 |
$6,530,327 |
| 16 |
$12,391,236 |
$4,545,088
$991,299 |
$6,854,849 |
| 17 |
$13,010,580 |
$4,774,245
$1,040,846 |
$7,195,489 |
| 18 |
$13,661,208 |
$5,014,977
$1,092,897 |
$7,553,334 |
| 19 |
$14,344,308 |
$5,267,724
$1,147,545 |
$7,929,039 |
| 20 |
$15,061,464 |
$5,533,072
$1,204,917 |
$8,323,475 |
| 21 |
$15,814,656 |
$5,811,753
$1,265,172 |
$8,737,731 |
| 22 |
$16,605,468 |
$6,104,354
$1,328,437 |
$9,172,677 |
| 23 |
$17,435,484 |
$6,411,459
$1,394,839 |
$9,629,186 |
| 24 |
$18,307,476 |
$6,734,097
$1,464,598 |
$10,108,781 |
| 25 |
$19,222,632 |
$7,072,704
$1,537,811 |
$10,612,117 |
| 26 |
$20,184,120 |
$7,428,455
$1,614,730 |
$11,140,935 |
| 27 |
$21,193,128 |
$7,801,788
$1,695,450 |
$11,695,890 |
| 28 |
$22,252,824 |
$8,193,875
$1,780,226 |
$12,278,723 |
| 29 |
$23,365,584 |
$8,605,596
$1,869,247 |
$12,890,741 |
| 30 |
$24,533,784 |
$9,037,830
$1,962,703 |
$13,533,251 |
|
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