The jackpot for the Powerball draw on Mon Jul 20, 2026, is projected to be $544 Million, with an option for a cash payout of $241.6 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 Jul 20, 2026 |
|---|
| Draw Date | Mon Jul 20, 2026 | | Projected Jackpot | $544,000,000 | | Cash Value | $241,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $241,600,000 | | Federal Tax(24%) | $57,984,000 | | Additional Federal Tax | $31,368,330 | | State Tax(8%) | $19,328,000 | | Net Lumpsum Payment | $132,919,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,187,744 |
$2,989,796
$655,020 |
$4,542,928 |
| 2 |
$8,597,376 |
$3,141,360
$687,790 |
$4,768,226 |
| 3 |
$9,027,136 |
$3,300,371
$722,171 |
$5,004,594 |
| 4 |
$9,478,656 |
$3,467,433
$758,292 |
$5,252,931 |
| 5 |
$9,952,480 |
$3,642,748
$796,198 |
$5,513,534 |
| 6 |
$10,450,240 |
$3,826,919
$836,019 |
$5,787,302 |
| 7 |
$10,972,480 |
$4,020,148
$877,798 |
$6,074,534 |
| 8 |
$11,521,376 |
$4,223,240
$921,710 |
$6,376,426 |
| 9 |
$12,097,472 |
$4,436,395
$967,798 |
$6,693,279 |
| 10 |
$12,702,400 |
$4,660,218
$1,016,192 |
$7,025,990 |
| 11 |
$13,337,248 |
$4,895,112
$1,066,980 |
$7,375,156 |
| 12 |
$14,004,192 |
$5,141,881
$1,120,335 |
$7,741,976 |
| 13 |
$14,704,320 |
$5,400,929
$1,176,346 |
$8,127,045 |
| 14 |
$15,439,808 |
$5,673,059
$1,235,185 |
$8,531,564 |
| 15 |
$16,211,744 |
$5,958,676
$1,296,940 |
$8,956,128 |
| 16 |
$17,022,304 |
$6,258,583
$1,361,784 |
$9,401,937 |
| 17 |
$17,873,120 |
$6,573,385
$1,429,850 |
$9,869,885 |
| 18 |
$18,766,912 |
$6,904,088
$1,501,353 |
$10,361,471 |
| 19 |
$19,705,312 |
$7,251,296
$1,576,425 |
$10,877,591 |
| 20 |
$20,690,496 |
$7,615,814
$1,655,240 |
$11,419,442 |
| 21 |
$21,725,184 |
$7,998,648
$1,738,015 |
$11,988,521 |
| 22 |
$22,811,552 |
$8,400,605
$1,824,924 |
$12,586,023 |
| 23 |
$23,951,776 |
$8,822,488
$1,916,142 |
$13,213,146 |
| 24 |
$25,149,664 |
$9,265,706
$2,011,973 |
$13,871,985 |
| 25 |
$26,406,848 |
$9,730,864
$2,112,548 |
$14,563,436 |
| 26 |
$27,727,680 |
$10,219,572
$2,218,214 |
$15,289,894 |
| 27 |
$29,113,792 |
$10,732,433
$2,329,103 |
$16,052,256 |
| 28 |
$30,569,536 |
$11,271,059
$2,445,563 |
$16,852,914 |
| 29 |
$32,098,176 |
$11,836,656
$2,567,854 |
$17,693,666 |
| 30 |
$33,702,976 |
$12,430,432
$2,696,238 |
$18,576,306 |
|
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