The jackpot for the Powerball draw on Wed Apr 1, 2026, is projected to be $194 Million, with an option for a cash payout of $87.1 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 Apr 1, 2026 |
|---|
| Draw Date | Wed Apr 1, 2026 | | Projected Jackpot | $194,000,000 | | Cash Value | $87,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $87,100,000 | | Federal Tax(24%) | $20,904,000 | | Additional Federal Tax | $11,283,330 | | State Tax(4.75%) | $4,137,250 | | Net Lumpsum Payment | $50,775,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,919,894 |
$1,040,691
$138,695 |
$1,740,508 |
| 2 |
$3,065,976 |
$1,094,742
$145,634 |
$1,825,600 |
| 3 |
$3,219,236 |
$1,151,448
$152,914 |
$1,914,874 |
| 4 |
$3,380,256 |
$1,211,025
$160,562 |
$2,008,669 |
| 5 |
$3,549,230 |
$1,273,545
$168,588 |
$2,107,097 |
| 6 |
$3,726,740 |
$1,339,224
$177,020 |
$2,210,496 |
| 7 |
$3,912,980 |
$1,408,133
$185,867 |
$2,318,980 |
| 8 |
$4,108,726 |
$1,480,559
$195,164 |
$2,433,003 |
| 9 |
$4,314,172 |
$1,556,574
$204,923 |
$2,552,675 |
| 10 |
$4,529,900 |
$1,636,393
$215,170 |
$2,678,337 |
| 11 |
$4,756,298 |
$1,720,161
$225,924 |
$2,810,213 |
| 12 |
$4,994,142 |
$1,808,163
$237,222 |
$2,948,757 |
| 13 |
$5,243,820 |
$1,900,544
$249,081 |
$3,094,195 |
| 14 |
$5,506,108 |
$1,997,590
$261,540 |
$3,246,978 |
| 15 |
$5,781,394 |
$2,099,446
$274,616 |
$3,407,332 |
| 16 |
$6,070,454 |
$2,206,398
$288,347 |
$3,575,709 |
| 17 |
$6,373,870 |
$2,318,662
$302,759 |
$3,752,449 |
| 18 |
$6,692,612 |
$2,436,597
$317,899 |
$3,938,116 |
| 19 |
$7,027,262 |
$2,560,417
$333,795 |
$4,133,050 |
| 20 |
$7,378,596 |
$2,690,411
$350,483 |
$4,337,702 |
| 21 |
$7,747,584 |
$2,826,936
$368,010 |
$4,552,638 |
| 22 |
$8,135,002 |
$2,970,281
$386,413 |
$4,778,308 |
| 23 |
$8,541,626 |
$3,120,732
$405,727 |
$5,015,167 |
| 24 |
$8,968,814 |
$3,278,792
$426,019 |
$5,264,003 |
| 25 |
$9,417,148 |
$3,444,675
$447,315 |
$5,525,158 |
| 26 |
$9,888,180 |
$3,618,957
$469,689 |
$5,799,534 |
| 27 |
$10,382,492 |
$3,801,852
$493,168 |
$6,087,472 |
| 28 |
$10,901,636 |
$3,993,936
$517,828 |
$6,389,872 |
| 29 |
$11,446,776 |
$4,195,638
$543,722 |
$6,707,416 |
| 30 |
$12,019,076 |
$4,407,389
$570,906 |
$7,040,781 |
|
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