The jackpot for the Powerball draw on Sat Mar 28, 2026, is projected to be $166 Million, with an option for a cash payout of $75.2 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 Mar 28, 2026 |
|---|
| Draw Date | Sat Mar 28, 2026 | | Projected Jackpot | $166,000,000 | | Cash Value | $75,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $75,200,000 | | Federal Tax(24%) | $18,048,000 | | Additional Federal Tax | $9,736,330 | | State Tax(8%) | $6,016,000 | | Net Lumpsum Payment | $41,399,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,498,466 |
$884,763
$199,877 |
$1,413,826 |
| 2 |
$2,623,464 |
$931,012
$209,877 |
$1,482,575 |
| 3 |
$2,754,604 |
$979,534
$220,368 |
$1,554,702 |
| 4 |
$2,892,384 |
$1,030,512
$231,391 |
$1,630,481 |
| 5 |
$3,036,970 |
$1,084,009
$242,958 |
$1,710,003 |
| 6 |
$3,188,860 |
$1,140,209
$255,109 |
$1,793,542 |
| 7 |
$3,348,220 |
$1,199,172
$267,858 |
$1,881,190 |
| 8 |
$3,515,714 |
$1,261,145
$281,257 |
$1,973,312 |
| 9 |
$3,691,508 |
$1,326,188
$295,321 |
$2,069,999 |
| 10 |
$3,876,100 |
$1,394,487
$310,088 |
$2,171,525 |
| 11 |
$4,069,822 |
$1,466,165
$325,586 |
$2,278,071 |
| 12 |
$4,273,338 |
$1,541,465
$341,867 |
$2,390,006 |
| 13 |
$4,486,980 |
$1,620,513
$358,958 |
$2,507,509 |
| 14 |
$4,711,412 |
$1,703,553
$376,913 |
$2,630,946 |
| 15 |
$4,946,966 |
$1,790,708
$395,757 |
$2,760,501 |
| 16 |
$5,194,306 |
$1,882,224
$415,544 |
$2,896,538 |
| 17 |
$5,453,930 |
$1,978,284
$436,314 |
$3,039,332 |
| 18 |
$5,726,668 |
$2,079,198
$458,133 |
$3,189,337 |
| 19 |
$6,013,018 |
$2,185,147
$481,041 |
$3,346,830 |
| 20 |
$6,313,644 |
$2,296,379
$505,092 |
$3,512,173 |
| 21 |
$6,629,376 |
$2,413,200
$530,350 |
$3,685,826 |
| 22 |
$6,960,878 |
$2,535,855
$556,870 |
$3,868,153 |
| 23 |
$7,308,814 |
$2,664,592
$584,705 |
$4,059,517 |
| 24 |
$7,674,346 |
$2,799,838
$613,948 |
$4,260,560 |
| 25 |
$8,057,972 |
$2,941,780
$644,638 |
$4,471,554 |
| 26 |
$8,461,020 |
$3,090,908
$676,882 |
$4,693,230 |
| 27 |
$8,883,988 |
$3,247,406
$710,719 |
$4,925,863 |
| 28 |
$9,328,204 |
$3,411,766
$746,256 |
$5,170,182 |
| 29 |
$9,794,664 |
$3,584,356
$783,573 |
$5,426,735 |
| 30 |
$10,284,364 |
$3,765,545
$822,749 |
$5,696,070 |
|
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