The jackpot for the Powerball draw on Mon Apr 20, 2026, is projected to be $87 Million, with an option for a cash payout of $39.7 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 Apr 20, 2026 |
|---|
| Draw Date | Mon Apr 20, 2026 | | Projected Jackpot | $87,000,000 | | Cash Value | $39,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $39,700,000 | | Federal Tax(24%) | $9,528,000 | | Additional Federal Tax | $5,121,330 | | State Tax(8%) | $3,176,000 | | Net Lumpsum Payment | $21,874,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,309,437 |
$444,822
$104,755 |
$759,860 |
| 2 |
$1,374,948 |
$469,061
$109,996 |
$795,891 |
| 3 |
$1,443,678 |
$494,491
$115,494 |
$833,693 |
| 4 |
$1,515,888 |
$521,209
$121,271 |
$873,408 |
| 5 |
$1,591,665 |
$549,246
$127,333 |
$915,086 |
| 6 |
$1,671,270 |
$578,700
$133,702 |
$958,868 |
| 7 |
$1,754,790 |
$609,603
$140,383 |
$1,004,804 |
| 8 |
$1,842,573 |
$642,082
$147,406 |
$1,053,085 |
| 9 |
$1,934,706 |
$676,172
$154,776 |
$1,103,758 |
| 10 |
$2,031,450 |
$711,967
$162,516 |
$1,156,967 |
| 11 |
$2,132,979 |
$749,533
$170,638 |
$1,212,808 |
| 12 |
$2,239,641 |
$788,998
$179,171 |
$1,271,472 |
| 13 |
$2,351,610 |
$830,426
$188,129 |
$1,333,055 |
| 14 |
$2,469,234 |
$873,947
$197,539 |
$1,397,748 |
| 15 |
$2,592,687 |
$919,625
$207,415 |
$1,465,647 |
| 16 |
$2,722,317 |
$967,588
$217,785 |
$1,536,944 |
| 17 |
$2,858,385 |
$1,017,933
$228,671 |
$1,611,781 |
| 18 |
$3,001,326 |
$1,070,821
$240,106 |
$1,690,399 |
| 19 |
$3,151,401 |
$1,126,349
$252,112 |
$1,772,940 |
| 20 |
$3,308,958 |
$1,184,645
$264,717 |
$1,859,596 |
| 21 |
$3,474,432 |
$1,245,870
$277,955 |
$1,950,607 |
| 22 |
$3,648,171 |
$1,310,154
$291,854 |
$2,046,163 |
| 23 |
$3,830,523 |
$1,377,624
$306,442 |
$2,146,457 |
| 24 |
$4,022,097 |
$1,448,506
$321,768 |
$2,251,823 |
| 25 |
$4,223,154 |
$1,522,897
$337,852 |
$2,362,405 |
| 26 |
$4,434,390 |
$1,601,055
$354,751 |
$2,478,584 |
| 27 |
$4,656,066 |
$1,683,075
$372,485 |
$2,600,506 |
| 28 |
$4,888,878 |
$1,769,215
$391,110 |
$2,728,553 |
| 29 |
$5,133,348 |
$1,859,669
$410,668 |
$2,863,011 |
| 30 |
$5,389,998 |
$1,954,630
$431,200 |
$3,004,168 |
|
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