The jackpot for the Powerball draw on Sat Mar 21, 2026, is projected to be $120 Million, with an option for a cash payout of $54.6 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 Mar 21, 2026 |
|---|
| Draw Date | Sat Mar 21, 2026 | | Projected Jackpot | $120,000,000 | | Cash Value | $54,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $54,600,000 | | Federal Tax(24%) | $13,104,000 | | Additional Federal Tax | $7,058,330 | | State Tax(8%) | $4,368,000 | | Net Lumpsum Payment | $30,069,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,806,120 |
$628,595
$144,490 |
$1,033,035 |
| 2 |
$1,896,480 |
$662,028
$151,718 |
$1,082,734 |
| 3 |
$1,991,280 |
$697,104
$159,302 |
$1,134,874 |
| 4 |
$2,090,880 |
$733,956
$167,270 |
$1,189,654 |
| 5 |
$2,195,400 |
$772,628
$175,632 |
$1,247,140 |
| 6 |
$2,305,200 |
$813,254
$184,416 |
$1,307,530 |
| 7 |
$2,420,400 |
$855,878
$193,632 |
$1,370,890 |
| 8 |
$2,541,480 |
$900,678
$203,318 |
$1,437,484 |
| 9 |
$2,668,560 |
$947,698
$213,485 |
$1,507,377 |
| 10 |
$2,802,000 |
$997,070
$224,160 |
$1,580,770 |
| 11 |
$2,942,040 |
$1,048,885
$235,363 |
$1,657,792 |
| 12 |
$3,089,160 |
$1,103,320
$247,133 |
$1,738,707 |
| 13 |
$3,243,600 |
$1,160,462
$259,488 |
$1,823,650 |
| 14 |
$3,405,840 |
$1,220,491
$272,467 |
$1,912,882 |
| 15 |
$3,576,120 |
$1,283,495
$286,090 |
$2,006,535 |
| 16 |
$3,754,920 |
$1,349,651
$300,394 |
$2,104,875 |
| 17 |
$3,942,600 |
$1,419,092
$315,408 |
$2,208,100 |
| 18 |
$4,139,760 |
$1,492,042
$331,181 |
$2,316,537 |
| 19 |
$4,346,760 |
$1,568,632
$347,741 |
$2,430,387 |
| 20 |
$4,564,080 |
$1,649,040
$365,126 |
$2,549,914 |
| 21 |
$4,792,320 |
$1,733,489
$383,386 |
$2,675,445 |
| 22 |
$5,031,960 |
$1,822,156
$402,557 |
$2,807,247 |
| 23 |
$5,283,480 |
$1,915,218
$422,678 |
$2,945,584 |
| 24 |
$5,547,720 |
$2,012,987
$443,818 |
$3,090,915 |
| 25 |
$5,825,040 |
$2,115,595
$466,003 |
$3,243,442 |
| 26 |
$6,116,400 |
$2,223,398
$489,312 |
$3,403,690 |
| 27 |
$6,422,160 |
$2,336,530
$513,773 |
$3,571,857 |
| 28 |
$6,743,280 |
$2,455,344
$539,462 |
$3,748,474 |
| 29 |
$7,080,480 |
$2,580,108
$566,438 |
$3,933,934 |
| 30 |
$7,434,480 |
$2,711,088
$594,758 |
$4,128,634 |
|
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