Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 14, 2026 is estimated to be $156 Million, with a cash option of 70.5 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. Additionally, if you are a resident of Oklahoma, your state will take 4.75% of 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.

Oklahoma Powerball Jackpot/Cash Option for Wed Jan 14, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 14, 2026	$156,000,000	$70,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$70,500,000
Federal Tax(24%)	$16,920,000
Additional Federal Tax	$9,125,330
State Tax(4.75%)	$3,348,750
Net Lumpsum Payment	$41,105,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,347,956	-$829,074 -$111,528	$1,407,354
2	$2,465,424	-$872,537 -$117,108	$1,475,779
3	$2,588,664	-$918,136 -$122,962	$1,547,566
4	$2,718,144	-$966,044 -$129,112	$1,622,988
5	$2,854,020	-$1,016,318 -$135,566	$1,702,136
6	$2,996,760	-$1,069,132 -$142,346	$1,785,282
7	$3,146,520	-$1,124,543 -$149,460	$1,872,517
8	$3,303,924	-$1,182,782 -$156,936	$1,964,206
9	$3,469,128	-$1,243,908 -$164,784	$2,060,436
10	$3,642,600	-$1,308,092 -$173,024	$2,161,484
11	$3,824,652	-$1,375,452 -$181,671	$2,267,529
12	$4,015,908	-$1,446,216 -$190,756	$2,378,936
13	$4,216,680	-$1,520,502 -$200,292	$2,495,886
14	$4,427,592	-$1,598,539 -$210,311	$2,618,742
15	$4,648,956	-$1,680,444 -$220,825	$2,747,687
16	$4,881,396	-$1,766,447 -$231,866	$2,883,083
17	$5,125,380	-$1,856,721 -$243,456	$3,025,203
18	$5,381,688	-$1,951,555 -$255,630	$3,174,503
19	$5,650,788	-$2,051,122 -$268,412	$3,331,254
20	$5,933,304	-$2,155,653 -$281,832	$3,495,819
21	$6,230,016	-$2,265,436 -$295,926	$3,668,654
22	$6,541,548	-$2,380,703 -$310,724	$3,850,121
23	$6,868,524	-$2,501,684 -$326,255	$4,040,585
24	$7,212,036	-$2,628,784 -$342,572	$4,240,680
25	$7,572,552	-$2,762,175 -$359,696	$4,450,681
26	$7,951,320	-$2,902,319 -$377,688	$4,671,313
27	$8,348,808	-$3,049,389 -$396,568	$4,902,851
28	$8,766,264	-$3,203,848 -$416,398	$5,146,018
29	$9,204,624	-$3,366,041 -$437,220	$5,401,363
30	$9,664,824	-$3,536,315 -$459,079	$5,669,430