The jackpot for the Powerball draw on Sat Apr 25, 2026, is projected to be $118 Million, with an option for a cash payout of $53.9 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 those living in California, the bright side is you won't have to pay any state taxes on your lottery prize.
| California Powerball Jackpot/Cash Option for Sat Apr 25, 2026 |
|---|
| Draw Date | Sat Apr 25, 2026 | | Projected Jackpot | $118,000,000 | | Cash Value | $53,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $53,900,000 | | Federal Tax(24%) | $12,936,000 | | Additional Federal Tax | $6,967,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $33,996,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,776,018 |
$617,457
$0 |
$1,158,561 |
| 2 |
$1,864,872 |
$650,333
$0 |
$1,214,539 |
| 3 |
$1,958,092 |
$684,824
$0 |
$1,273,268 |
| 4 |
$2,056,032 |
$721,062
$0 |
$1,334,970 |
| 5 |
$2,158,810 |
$759,090
$0 |
$1,399,720 |
| 6 |
$2,266,780 |
$799,039
$0 |
$1,467,741 |
| 7 |
$2,380,060 |
$840,953
$0 |
$1,539,107 |
| 8 |
$2,499,122 |
$885,006
$0 |
$1,614,116 |
| 9 |
$2,624,084 |
$931,241
$0 |
$1,692,843 |
| 10 |
$2,755,300 |
$979,791
$0 |
$1,775,509 |
| 11 |
$2,893,006 |
$1,030,743
$0 |
$1,862,263 |
| 12 |
$3,037,674 |
$1,084,270
$0 |
$1,953,404 |
| 13 |
$3,189,540 |
$1,140,460
$0 |
$2,049,080 |
| 14 |
$3,349,076 |
$1,199,489
$0 |
$2,149,587 |
| 15 |
$3,516,518 |
$1,261,442
$0 |
$2,255,076 |
| 16 |
$3,692,338 |
$1,326,495
$0 |
$2,365,843 |
| 17 |
$3,876,890 |
$1,394,780
$0 |
$2,482,110 |
| 18 |
$4,070,764 |
$1,466,513
$0 |
$2,604,251 |
| 19 |
$4,274,314 |
$1,541,827
$0 |
$2,732,487 |
| 20 |
$4,488,012 |
$1,620,895
$0 |
$2,867,117 |
| 21 |
$4,712,448 |
$1,703,936
$0 |
$3,008,512 |
| 22 |
$4,948,094 |
$1,791,125
$0 |
$3,156,969 |
| 23 |
$5,195,422 |
$1,882,637
$0 |
$3,312,785 |
| 24 |
$5,455,258 |
$1,978,776
$0 |
$3,476,482 |
| 25 |
$5,727,956 |
$2,079,674
$0 |
$3,648,282 |
| 26 |
$6,014,460 |
$2,185,681
$0 |
$3,828,779 |
| 27 |
$6,315,124 |
$2,296,926
$0 |
$4,018,198 |
| 28 |
$6,630,892 |
$2,413,760
$0 |
$4,217,132 |
| 29 |
$6,962,472 |
$2,536,445
$0 |
$4,426,027 |
| 30 |
$7,310,572 |
$2,665,242
$0 |
$4,645,330 |
|
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