The jackpot for the Powerball draw on Sat Aug 22, 2026, is projected to be $68 Million, with an option for a cash payout of $29.5 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 Sat Aug 22, 2026 |
|---|
| Draw Date | Sat Aug 22, 2026 | | Projected Jackpot | $68,000,000 | | Cash Value | $29,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $29,500,000 | | Federal Tax(24%) | $7,080,000 | | Additional Federal Tax | $3,795,330 | | State Tax(4.9%) | $1,445,500 | | Net Lumpsum Payment | $17,179,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,023,468 |
$339,014
$50,150 |
$634,304 |
| 2 |
$1,074,672 |
$357,959
$52,659 |
$664,054 |
| 3 |
$1,128,392 |
$377,835
$55,291 |
$695,266 |
| 4 |
$1,184,832 |
$398,718
$58,057 |
$728,057 |
| 5 |
$1,244,060 |
$420,633
$60,959 |
$762,468 |
| 6 |
$1,306,280 |
$443,654
$64,008 |
$798,618 |
| 7 |
$1,371,560 |
$467,808
$67,206 |
$836,546 |
| 8 |
$1,440,172 |
$493,194
$70,568 |
$876,410 |
| 9 |
$1,512,184 |
$519,838
$74,097 |
$918,249 |
| 10 |
$1,587,800 |
$547,816
$77,802 |
$962,182 |
| 11 |
$1,667,156 |
$577,178
$81,691 |
$1,008,287 |
| 12 |
$1,750,524 |
$608,024
$85,776 |
$1,056,724 |
| 13 |
$1,838,040 |
$640,405
$90,064 |
$1,107,571 |
| 14 |
$1,929,976 |
$674,422
$94,569 |
$1,160,985 |
| 15 |
$2,026,468 |
$710,124
$99,297 |
$1,217,047 |
| 16 |
$2,127,788 |
$747,612
$104,262 |
$1,275,914 |
| 17 |
$2,234,140 |
$786,962
$109,473 |
$1,337,705 |
| 18 |
$2,345,864 |
$828,300
$114,947 |
$1,402,617 |
| 19 |
$2,463,164 |
$871,701
$120,695 |
$1,470,768 |
| 20 |
$2,586,312 |
$917,266
$126,729 |
$1,542,317 |
| 21 |
$2,715,648 |
$965,120
$133,067 |
$1,617,461 |
| 22 |
$2,851,444 |
$1,015,365
$139,721 |
$1,696,358 |
| 23 |
$2,993,972 |
$1,068,100
$146,705 |
$1,779,167 |
| 24 |
$3,143,708 |
$1,123,502
$154,042 |
$1,866,164 |
| 25 |
$3,300,856 |
$1,181,647
$161,742 |
$1,957,467 |
| 26 |
$3,465,960 |
$1,242,736
$169,832 |
$2,053,392 |
| 27 |
$3,639,224 |
$1,306,843
$178,322 |
$2,154,059 |
| 28 |
$3,821,192 |
$1,374,171
$187,238 |
$2,259,783 |
| 29 |
$4,012,272 |
$1,444,871
$196,601 |
$2,370,800 |
| 30 |
$4,212,872 |
$1,519,093
$206,431 |
$2,487,348 |
|
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