The jackpot for the Powerball draw on Mon Aug 3, 2026, is projected to be $748 Million, with an option for a cash payout of $325.1 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 Aug 3, 2026 |
|---|
| Draw Date | Mon Aug 3, 2026 | | Projected Jackpot | $748,000,000 | | Cash Value | $325,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $325,100,000 | | Federal Tax(24%) | $78,024,000 | | Additional Federal Tax | $42,223,330 | | State Tax(8%) | $26,008,000 | | Net Lumpsum Payment | $178,844,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,258,148 |
$4,125,845
$900,652 |
$6,231,651 |
| 2 |
$11,821,392 |
$4,334,245
$945,711 |
$6,541,436 |
| 3 |
$12,412,312 |
$4,552,886
$992,985 |
$6,866,441 |
| 4 |
$13,033,152 |
$4,782,597
$1,042,652 |
$7,207,903 |
| 5 |
$13,684,660 |
$5,023,655
$1,094,773 |
$7,566,232 |
| 6 |
$14,369,080 |
$5,276,890
$1,149,526 |
$7,942,664 |
| 7 |
$15,087,160 |
$5,542,580
$1,206,973 |
$8,337,607 |
| 8 |
$15,841,892 |
$5,821,830
$1,267,351 |
$8,752,711 |
| 9 |
$16,634,024 |
$6,114,919
$1,330,722 |
$9,188,383 |
| 10 |
$17,465,800 |
$6,422,676
$1,397,264 |
$9,645,860 |
| 11 |
$18,338,716 |
$6,745,655
$1,467,097 |
$10,125,964 |
| 12 |
$19,255,764 |
$7,084,963
$1,540,461 |
$10,630,340 |
| 13 |
$20,218,440 |
$7,441,153
$1,617,475 |
$11,159,812 |
| 14 |
$21,229,736 |
$7,815,333
$1,698,379 |
$11,716,024 |
| 15 |
$22,291,148 |
$8,208,055
$1,783,292 |
$12,299,801 |
| 16 |
$23,405,668 |
$8,620,428
$1,872,453 |
$12,912,787 |
| 17 |
$24,575,540 |
$9,053,280
$1,966,043 |
$13,556,217 |
| 18 |
$25,804,504 |
$9,507,997
$2,064,360 |
$14,232,147 |
| 19 |
$27,094,804 |
$9,985,408
$2,167,584 |
$14,941,812 |
| 20 |
$28,449,432 |
$10,486,620
$2,275,955 |
$15,686,857 |
| 21 |
$29,872,128 |
$11,013,018
$2,389,770 |
$16,469,340 |
| 22 |
$31,365,884 |
$11,565,707
$2,509,271 |
$17,290,906 |
| 23 |
$32,933,692 |
$12,145,796
$2,634,695 |
$18,153,201 |
| 24 |
$34,580,788 |
$12,755,222
$2,766,463 |
$19,059,103 |
| 25 |
$36,309,416 |
$13,394,814
$2,904,753 |
$20,009,849 |
| 26 |
$38,125,560 |
$14,066,788
$3,050,045 |
$21,008,727 |
| 27 |
$40,031,464 |
$14,771,972
$3,202,517 |
$22,056,975 |
| 28 |
$42,033,112 |
$15,512,582
$3,362,649 |
$23,157,881 |
| 29 |
$44,134,992 |
$16,290,277
$3,530,799 |
$24,313,916 |
| 30 |
$46,341,592 |
$17,106,719
$3,707,327 |
$25,527,546 |
|
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