The jackpot for the Powerball draw on Mon Aug 24, 2026, is projected to be $81 Million, with an option for a cash payout of $34.8 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 Arkansas residents, the state will deduct 4.9% from your lottery earnings.
| Arkansas Powerball Jackpot/Cash Option for Mon Aug 24, 2026 |
|---|
| Draw Date | Mon Aug 24, 2026 | | Projected Jackpot | $81,000,000 | | Cash Value | $34,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $34,800,000 | | Federal Tax(24%) | $8,352,000 | | Additional Federal Tax | $4,484,330 | | State Tax(4.9%) | $1,705,200 | | Net Lumpsum Payment | $20,258,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,219,131 |
$411,409
$59,737 |
$747,985 |
| 2 |
$1,280,124 |
$433,976
$62,726 |
$783,422 |
| 3 |
$1,344,114 |
$457,653
$65,862 |
$820,599 |
| 4 |
$1,411,344 |
$482,528
$69,156 |
$859,660 |
| 5 |
$1,481,895 |
$508,632
$72,613 |
$900,650 |
| 6 |
$1,556,010 |
$536,054
$76,244 |
$943,712 |
| 7 |
$1,633,770 |
$564,825
$80,055 |
$988,890 |
| 8 |
$1,715,499 |
$595,065
$84,059 |
$1,036,375 |
| 9 |
$1,801,278 |
$626,803
$88,263 |
$1,086,212 |
| 10 |
$1,891,350 |
$660,130
$92,676 |
$1,138,544 |
| 11 |
$1,985,877 |
$695,105
$97,308 |
$1,193,464 |
| 12 |
$2,085,183 |
$731,848
$102,174 |
$1,251,161 |
| 13 |
$2,189,430 |
$770,419
$107,282 |
$1,311,729 |
| 14 |
$2,298,942 |
$810,939
$112,648 |
$1,375,355 |
| 15 |
$2,413,881 |
$853,466
$118,280 |
$1,442,135 |
| 16 |
$2,534,571 |
$898,122
$124,194 |
$1,512,255 |
| 17 |
$2,661,255 |
$944,995
$130,401 |
$1,585,859 |
| 18 |
$2,794,338 |
$994,235
$136,923 |
$1,663,180 |
| 19 |
$2,934,063 |
$1,045,934
$143,769 |
$1,744,360 |
| 20 |
$3,080,754 |
$1,100,209
$150,957 |
$1,829,588 |
| 21 |
$3,234,816 |
$1,157,212
$158,506 |
$1,919,098 |
| 22 |
$3,396,573 |
$1,217,062
$166,432 |
$2,013,079 |
| 23 |
$3,566,349 |
$1,279,880
$174,751 |
$2,111,718 |
| 24 |
$3,744,711 |
$1,345,873
$183,491 |
$2,215,347 |
| 25 |
$3,931,902 |
$1,415,134
$192,663 |
$2,324,105 |
| 26 |
$4,128,570 |
$1,487,901
$202,300 |
$2,438,369 |
| 27 |
$4,334,958 |
$1,564,265
$212,413 |
$2,558,280 |
| 28 |
$4,551,714 |
$1,644,465
$223,034 |
$2,684,215 |
| 29 |
$4,779,324 |
$1,728,680
$234,187 |
$2,816,457 |
| 30 |
$5,018,274 |
$1,817,092
$245,895 |
$2,955,287 |
|
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