The jackpot for the Powerball draw on Mon Nov 2, 2026, is projected to be $793 Million, with an option for a cash payout of $339.9 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 Oregon residents, the state will deduct 8% from your lottery earnings.
| Oregon Powerball Jackpot/Cash Option for Mon Nov 2, 2026 |
|---|
| Draw Date | Mon Nov 2, 2026 | | Projected Jackpot | $793,000,000 | | Cash Value | $339,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $339,900,000 | | Federal Tax(24%) | $81,576,000 | | Additional Federal Tax | $44,147,330 | | State Tax(8%) | $27,192,000 | | Net Lumpsum Payment | $186,984,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,935,443 |
$4,376,444
$954,835 |
$6,604,164 |
| 2 |
$12,532,572 |
$4,597,382
$1,002,606 |
$6,932,584 |
| 3 |
$13,159,042 |
$4,829,176
$1,052,723 |
$7,277,143 |
| 4 |
$13,817,232 |
$5,072,706
$1,105,379 |
$7,639,147 |
| 5 |
$14,507,935 |
$5,328,266
$1,160,635 |
$8,019,034 |
| 6 |
$15,233,530 |
$5,596,736
$1,218,682 |
$8,418,112 |
| 7 |
$15,994,810 |
$5,878,410
$1,279,585 |
$8,836,815 |
| 8 |
$16,794,947 |
$6,174,461
$1,343,596 |
$9,276,890 |
| 9 |
$17,634,734 |
$6,485,182
$1,410,779 |
$9,738,773 |
| 10 |
$18,516,550 |
$6,811,454
$1,481,324 |
$10,223,772 |
| 11 |
$19,441,981 |
$7,153,863
$1,555,358 |
$10,732,760 |
| 12 |
$20,414,199 |
$7,513,584
$1,633,136 |
$11,267,479 |
| 13 |
$21,434,790 |
$7,891,203
$1,714,783 |
$11,828,804 |
| 14 |
$22,506,926 |
$8,287,893
$1,800,554 |
$12,418,479 |
| 15 |
$23,632,193 |
$8,704,242
$1,890,575 |
$13,037,376 |
| 16 |
$24,813,763 |
$9,141,423
$1,985,101 |
$13,687,239 |
| 17 |
$26,054,015 |
$9,600,316
$2,084,321 |
$14,369,378 |
| 18 |
$27,356,914 |
$10,082,389
$2,188,553 |
$15,085,972 |
| 19 |
$28,724,839 |
$10,588,521
$2,297,987 |
$15,838,331 |
| 20 |
$30,160,962 |
$11,119,886
$2,412,877 |
$16,628,199 |
| 21 |
$31,669,248 |
$11,677,952
$2,533,540 |
$17,457,756 |
| 22 |
$33,252,869 |
$12,263,892
$2,660,230 |
$18,328,747 |
| 23 |
$34,914,997 |
$12,878,879
$2,793,200 |
$19,242,918 |
| 24 |
$36,661,183 |
$13,524,968
$2,932,895 |
$20,203,320 |
| 25 |
$38,493,806 |
$14,203,039
$3,079,504 |
$21,211,263 |
| 26 |
$40,419,210 |
$14,915,438
$3,233,537 |
$22,270,235 |
| 27 |
$42,439,774 |
$15,663,047
$3,395,182 |
$23,381,545 |
| 28 |
$44,561,842 |
$16,448,212
$3,564,947 |
$24,548,683 |
| 29 |
$46,790,172 |
$17,272,694
$3,743,214 |
$25,774,264 |
| 30 |
$49,129,522 |
$18,138,254
$3,930,362 |
$27,060,906 |
|
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