The jackpot for the Powerball draw on Sat Sep 19, 2026, is projected to be $298 Million, with an option for a cash payout of $126.6 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 Sat Sep 19, 2026 |
|---|
| Draw Date | Sat Sep 19, 2026 | | Projected Jackpot | $298,000,000 | | Cash Value | $126,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,600,000 | | Federal Tax(24%) | $30,384,000 | | Additional Federal Tax | $16,418,330 | | State Tax(8%) | $10,128,000 | | Net Lumpsum Payment | $69,669,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,485,198 |
$1,619,854
$358,816 |
$2,506,528 |
| 2 |
$4,709,592 |
$1,702,879
$376,767 |
$2,629,946 |
| 3 |
$4,945,012 |
$1,789,985
$395,601 |
$2,759,426 |
| 4 |
$5,192,352 |
$1,881,501
$415,388 |
$2,895,463 |
| 5 |
$5,451,910 |
$1,977,537
$436,153 |
$3,038,220 |
| 6 |
$5,724,580 |
$2,078,425
$457,966 |
$3,188,189 |
| 7 |
$6,010,660 |
$2,184,275
$480,853 |
$3,345,532 |
| 8 |
$6,311,342 |
$2,295,527
$504,907 |
$3,510,908 |
| 9 |
$6,626,924 |
$2,412,292
$530,154 |
$3,684,478 |
| 10 |
$6,958,300 |
$2,534,901
$556,664 |
$3,866,735 |
| 11 |
$7,306,066 |
$2,663,575
$584,485 |
$4,058,006 |
| 12 |
$7,671,414 |
$2,798,754
$613,713 |
$4,258,947 |
| 13 |
$8,054,940 |
$2,940,658
$644,395 |
$4,469,887 |
| 14 |
$8,457,836 |
$3,089,730
$676,627 |
$4,691,479 |
| 15 |
$8,880,698 |
$3,246,189
$710,456 |
$4,924,053 |
| 16 |
$9,324,718 |
$3,410,476
$745,977 |
$5,168,265 |
| 17 |
$9,790,790 |
$3,582,923
$783,263 |
$5,424,604 |
| 18 |
$10,280,404 |
$3,764,080
$822,432 |
$5,693,892 |
| 19 |
$10,794,454 |
$3,954,278
$863,556 |
$5,976,620 |
| 20 |
$11,334,132 |
$4,153,959
$906,731 |
$6,273,442 |
| 21 |
$11,900,928 |
$4,363,674
$952,074 |
$6,585,180 |
| 22 |
$12,496,034 |
$4,583,863
$999,683 |
$6,912,488 |
| 23 |
$13,120,642 |
$4,814,968
$1,049,651 |
$7,256,023 |
| 24 |
$13,776,838 |
$5,057,760
$1,102,147 |
$7,616,931 |
| 25 |
$14,465,516 |
$5,312,571
$1,157,241 |
$7,995,704 |
| 26 |
$15,189,060 |
$5,580,283
$1,215,125 |
$8,393,652 |
| 27 |
$15,948,364 |
$5,861,225
$1,275,869 |
$8,811,270 |
| 28 |
$16,745,812 |
$6,156,281
$1,339,665 |
$9,249,866 |
| 29 |
$17,583,192 |
$6,466,111
$1,406,655 |
$9,710,426 |
| 30 |
$18,462,292 |
$6,791,378
$1,476,983 |
$10,193,931 |
|
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