The jackpot for the Powerball draw on Wed Jul 8, 2026, is projected to be $434 Million, with an option for a cash payout of $194.7 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 Arkansas residents, the state will deduct 4.9% from your lottery earnings.
| Arkansas Powerball Jackpot/Cash Option for Wed Jul 8, 2026 |
|---|
| Draw Date | Wed Jul 8, 2026 | | Projected Jackpot | $434,000,000 | | Cash Value | $194,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $194,700,000 | | Federal Tax(24%) | $46,728,000 | | Additional Federal Tax | $25,271,330 | | State Tax(4.9%) | $9,540,300 | | Net Lumpsum Payment | $113,160,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,532,134 |
$2,377,220
$320,075 |
$3,834,839 |
| 2 |
$6,858,936 |
$2,498,137
$336,088 |
$4,024,711 |
| 3 |
$7,201,796 |
$2,624,995
$352,888 |
$4,223,913 |
| 4 |
$7,562,016 |
$2,758,276
$370,539 |
$4,433,201 |
| 5 |
$7,940,030 |
$2,898,141
$389,061 |
$4,652,828 |
| 6 |
$8,337,140 |
$3,045,072
$408,520 |
$4,883,548 |
| 7 |
$8,753,780 |
$3,199,229
$428,935 |
$5,125,616 |
| 8 |
$9,191,686 |
$3,361,254
$450,393 |
$5,380,039 |
| 9 |
$9,651,292 |
$3,531,308
$472,913 |
$5,647,071 |
| 10 |
$10,133,900 |
$3,709,873
$496,561 |
$5,927,466 |
| 11 |
$10,640,378 |
$3,897,270
$521,379 |
$6,221,729 |
| 12 |
$11,172,462 |
$4,094,141
$547,451 |
$6,530,870 |
| 13 |
$11,731,020 |
$4,300,808
$574,820 |
$6,855,392 |
| 14 |
$12,317,788 |
$4,517,912
$603,572 |
$7,196,304 |
| 15 |
$12,933,634 |
$4,745,775
$633,748 |
$7,554,111 |
| 16 |
$13,580,294 |
$4,985,039
$665,434 |
$7,929,821 |
| 17 |
$14,259,070 |
$5,236,186
$698,694 |
$8,324,190 |
| 18 |
$14,972,132 |
$5,500,019
$733,634 |
$8,738,479 |
| 19 |
$15,720,782 |
$5,777,020
$770,318 |
$9,173,444 |
| 20 |
$16,506,756 |
$6,067,830
$808,831 |
$9,630,095 |
| 21 |
$17,332,224 |
$6,373,253
$849,279 |
$10,109,692 |
| 22 |
$18,198,922 |
$6,693,932
$891,747 |
$10,613,243 |
| 23 |
$19,108,586 |
$7,030,507
$936,321 |
$11,141,758 |
| 24 |
$20,064,254 |
$7,384,104
$983,148 |
$11,697,002 |
| 25 |
$21,067,228 |
$7,755,205
$1,032,294 |
$12,279,729 |
| 26 |
$22,120,980 |
$8,145,093
$1,083,928 |
$12,891,959 |
| 27 |
$23,226,812 |
$8,554,251
$1,138,114 |
$13,534,447 |
| 28 |
$24,388,196 |
$8,983,963
$1,195,022 |
$14,209,211 |
| 29 |
$25,607,736 |
$9,435,193
$1,254,779 |
$14,917,764 |
| 30 |
$26,888,036 |
$9,908,904
$1,317,514 |
$15,661,618 |
|
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