California Lottery

CALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 11, 2026 is estimated to be $35 Million, with a cash option of 15.9 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of California, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

California Powerball Jackpot/Cash Option for Sat Apr 11, 2026

Draw Date	Jackpot	Cash Option
Sat Apr 11, 2026	$35,000,000	$15,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$15,900,000
Federal Tax(24%)	$3,816,000
Additional Federal Tax	$2,027,330
State Tax(0%)	$0
Net Lumpsum Payment	$10,056,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$526,785	-$155,241 -$0	$371,544
2	$553,140	-$164,992 -$0	$388,148
3	$580,790	-$175,223 -$0	$405,567
4	$609,840	-$185,971 -$0	$423,869
5	$640,325	-$197,251 -$0	$443,074
6	$672,350	-$209,100 -$0	$463,250
7	$705,950	-$221,532 -$0	$484,418
8	$741,265	-$234,598 -$0	$506,667
9	$778,330	-$248,312 -$0	$530,018
10	$817,250	-$262,713 -$0	$554,537
11	$858,095	-$277,826 -$0	$580,269
12	$901,005	-$293,702 -$0	$607,303
13	$946,050	-$310,369 -$0	$635,681
14	$993,370	-$327,877 -$0	$665,493
15	$1,043,035	-$346,253 -$0	$696,782
16	$1,095,185	-$365,549 -$0	$729,636
17	$1,149,925	-$385,803 -$0	$764,122
18	$1,207,430	-$407,079 -$0	$800,351
19	$1,267,805	-$429,418 -$0	$838,387
20	$1,331,190	-$452,871 -$0	$878,319
21	$1,397,760	-$477,502 -$0	$920,258
22	$1,467,655	-$503,363 -$0	$964,292
23	$1,541,015	-$530,506 -$0	$1,010,509
24	$1,618,085	-$559,022 -$0	$1,059,063
25	$1,698,970	-$588,949 -$0	$1,110,021
26	$1,783,950	-$620,392 -$0	$1,163,558
27	$1,873,130	-$653,388 -$0	$1,219,742
28	$1,966,790	-$688,043 -$0	$1,278,747
29	$2,065,140	-$724,432 -$0	$1,340,708
30	$2,168,390	-$762,635 -$0	$1,405,755