The jackpot for the Powerball draw on Sat Jun 20, 2026, is projected to be $302 Million, with an option for a cash payout of $135.3 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 Jun 20, 2026 |
|---|
| Draw Date | Sat Jun 20, 2026 | | Projected Jackpot | $302,000,000 | | Cash Value | $135,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $135,300,000 | | Federal Tax(24%) | $32,472,000 | | Additional Federal Tax | $17,549,330 | | State Tax(8%) | $10,824,000 | | Net Lumpsum Payment | $74,454,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,545,402 |
$1,642,129
$363,632 |
$2,539,641 |
| 2 |
$4,772,808 |
$1,726,269
$381,825 |
$2,664,714 |
| 3 |
$5,011,388 |
$1,814,544
$400,911 |
$2,795,933 |
| 4 |
$5,262,048 |
$1,907,288
$420,964 |
$2,933,796 |
| 5 |
$5,525,090 |
$2,004,614
$442,007 |
$3,078,469 |
| 6 |
$5,801,420 |
$2,106,856
$464,114 |
$3,230,450 |
| 7 |
$6,091,340 |
$2,214,126
$487,307 |
$3,389,907 |
| 8 |
$6,396,058 |
$2,326,872
$511,685 |
$3,557,501 |
| 9 |
$6,715,876 |
$2,445,205
$537,270 |
$3,733,401 |
| 10 |
$7,051,700 |
$2,569,459
$564,136 |
$3,918,105 |
| 11 |
$7,404,134 |
$2,699,860
$592,331 |
$4,111,943 |
| 12 |
$7,774,386 |
$2,836,853
$621,951 |
$4,315,582 |
| 13 |
$8,163,060 |
$2,980,663
$653,045 |
$4,529,352 |
| 14 |
$8,571,364 |
$3,131,735
$685,709 |
$4,753,920 |
| 15 |
$8,999,902 |
$3,290,294
$719,992 |
$4,989,616 |
| 16 |
$9,449,882 |
$3,456,787
$755,991 |
$5,237,104 |
| 17 |
$9,922,210 |
$3,631,548
$793,777 |
$5,496,885 |
| 18 |
$10,418,396 |
$3,815,137
$833,472 |
$5,769,787 |
| 19 |
$10,939,346 |
$4,007,888
$875,148 |
$6,056,310 |
| 20 |
$11,486,268 |
$4,210,250
$918,901 |
$6,357,117 |
| 21 |
$12,060,672 |
$4,422,779
$964,854 |
$6,673,039 |
| 22 |
$12,663,766 |
$4,645,924
$1,013,101 |
$7,004,741 |
| 23 |
$13,296,758 |
$4,880,131
$1,063,741 |
$7,352,886 |
| 24 |
$13,961,762 |
$5,126,182
$1,116,941 |
$7,718,639 |
| 25 |
$14,659,684 |
$5,384,413
$1,172,775 |
$8,102,496 |
| 26 |
$15,392,940 |
$5,655,718
$1,231,435 |
$8,505,787 |
| 27 |
$16,162,436 |
$5,940,432
$1,292,995 |
$8,929,009 |
| 28 |
$16,970,588 |
$6,239,448
$1,357,647 |
$9,373,493 |
| 29 |
$17,819,208 |
$6,553,437
$1,425,537 |
$9,840,234 |
| 30 |
$18,710,108 |
$6,883,070
$1,496,809 |
$10,330,229 |
|
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