The jackpot for the Powerball draw on Sat Oct 24, 2026, is projected to be $674 Million, with an option for a cash payout of $283.9 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 Oct 24, 2026 |
|---|
| Draw Date | Sat Oct 24, 2026 | | Projected Jackpot | $674,000,000 | | Cash Value | $283,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $283,900,000 | | Federal Tax(24%) | $68,136,000 | | Additional Federal Tax | $36,867,330 | | State Tax(8%) | $22,712,000 | | Net Lumpsum Payment | $156,184,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,144,374 |
$3,713,749
$811,550 |
$5,619,075 |
| 2 |
$10,651,896 |
$3,901,532
$852,152 |
$5,898,212 |
| 3 |
$11,184,356 |
$4,098,542
$894,748 |
$6,191,066 |
| 4 |
$11,743,776 |
$4,305,528
$939,502 |
$6,498,746 |
| 5 |
$12,330,830 |
$4,522,737
$986,466 |
$6,821,627 |
| 6 |
$12,947,540 |
$4,750,920
$1,035,803 |
$7,160,817 |
| 7 |
$13,594,580 |
$4,990,325
$1,087,566 |
$7,516,689 |
| 8 |
$14,274,646 |
$5,241,949
$1,141,972 |
$7,890,725 |
| 9 |
$14,988,412 |
$5,506,043
$1,199,073 |
$8,283,296 |
| 10 |
$15,737,900 |
$5,783,353
$1,259,032 |
$8,695,515 |
| 11 |
$16,524,458 |
$6,074,380
$1,321,957 |
$9,128,121 |
| 12 |
$17,350,782 |
$6,380,120
$1,388,063 |
$9,582,599 |
| 13 |
$18,218,220 |
$6,701,072
$1,457,458 |
$10,059,690 |
| 14 |
$19,129,468 |
$7,038,234
$1,530,357 |
$10,560,877 |
| 15 |
$20,085,874 |
$7,392,104
$1,606,870 |
$11,086,900 |
| 16 |
$21,090,134 |
$7,763,680
$1,687,211 |
$11,639,243 |
| 17 |
$22,144,270 |
$8,153,710
$1,771,542 |
$12,219,018 |
| 18 |
$23,251,652 |
$8,563,442
$1,860,132 |
$12,828,078 |
| 19 |
$24,414,302 |
$8,993,622
$1,953,144 |
$13,467,536 |
| 20 |
$25,634,916 |
$9,445,249
$2,050,793 |
$14,138,874 |
| 21 |
$26,916,864 |
$9,919,570
$2,153,349 |
$14,843,945 |
| 22 |
$28,262,842 |
$10,417,582
$2,261,027 |
$15,584,233 |
| 23 |
$29,675,546 |
$10,940,282
$2,374,044 |
$16,361,220 |
| 24 |
$31,159,694 |
$11,489,417
$2,492,776 |
$17,177,501 |
| 25 |
$32,717,308 |
$12,065,734
$2,617,385 |
$18,034,189 |
| 26 |
$34,353,780 |
$12,671,229
$2,748,302 |
$18,934,249 |
| 27 |
$36,071,132 |
$13,306,649
$2,885,691 |
$19,878,792 |
| 28 |
$37,874,756 |
$13,973,990
$3,029,980 |
$20,870,786 |
| 29 |
$39,768,696 |
$14,674,748
$3,181,496 |
$21,912,452 |
| 30 |
$41,756,996 |
$15,410,419
$3,340,560 |
$23,006,017 |
|
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