The jackpot for the Powerball draw on Mon Mar 9, 2026, is projected to be $46 Million, with an option for a cash payout of $21.2 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 Mon Mar 9, 2026 |
|---|
| Draw Date | Mon Mar 9, 2026 | | Projected Jackpot | $46,000,000 | | Cash Value | $21,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $21,200,000 | | Federal Tax(24%) | $5,088,000 | | Additional Federal Tax | $2,716,330 | | State Tax(8%) | $1,696,000 | | Net Lumpsum Payment | $11,699,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$692,346 |
$216,498
$55,388 |
$420,460 |
| 2 |
$726,984 |
$229,314
$58,159 |
$439,511 |
| 3 |
$763,324 |
$242,760
$61,066 |
$459,498 |
| 4 |
$801,504 |
$256,887
$64,120 |
$480,497 |
| 5 |
$841,570 |
$271,711
$67,326 |
$502,533 |
| 6 |
$883,660 |
$287,285
$70,693 |
$525,682 |
| 7 |
$927,820 |
$303,624
$74,226 |
$549,970 |
| 8 |
$974,234 |
$320,797
$77,939 |
$575,498 |
| 9 |
$1,022,948 |
$338,821
$81,836 |
$602,291 |
| 10 |
$1,074,100 |
$357,747
$85,928 |
$630,425 |
| 11 |
$1,127,782 |
$377,610
$90,223 |
$659,949 |
| 12 |
$1,184,178 |
$398,476
$94,734 |
$690,968 |
| 13 |
$1,243,380 |
$420,381
$99,470 |
$723,529 |
| 14 |
$1,305,572 |
$443,392
$104,446 |
$757,734 |
| 15 |
$1,370,846 |
$467,543
$109,668 |
$793,635 |
| 16 |
$1,439,386 |
$492,903
$115,151 |
$831,332 |
| 17 |
$1,511,330 |
$519,522
$120,906 |
$870,902 |
| 18 |
$1,586,908 |
$547,486
$126,953 |
$912,469 |
| 19 |
$1,666,258 |
$576,846
$133,301 |
$956,111 |
| 20 |
$1,749,564 |
$607,669
$139,965 |
$1,001,930 |
| 21 |
$1,837,056 |
$640,041
$146,964 |
$1,050,051 |
| 22 |
$1,928,918 |
$674,030
$154,313 |
$1,100,575 |
| 23 |
$2,025,334 |
$709,704
$162,027 |
$1,153,603 |
| 24 |
$2,126,626 |
$747,182
$170,130 |
$1,209,314 |
| 25 |
$2,232,932 |
$786,515
$178,635 |
$1,267,782 |
| 26 |
$2,344,620 |
$827,840
$187,570 |
$1,329,210 |
| 27 |
$2,461,828 |
$871,207
$196,946 |
$1,393,675 |
| 28 |
$2,584,924 |
$916,752
$206,794 |
$1,461,378 |
| 29 |
$2,714,184 |
$964,578
$217,135 |
$1,532,471 |
| 30 |
$2,849,884 |
$1,014,787
$227,991 |
$1,607,106 |
|
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