Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 2, 2026 is estimated to be $65 Million, with a cash option of 29.4 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 Mon Feb 2, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 2, 2026	$65,000,000	$29,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$29,400,000
Federal Tax(24%)	$7,056,000
Additional Federal Tax	$3,782,330
State Tax(4.75%)	$1,396,500
Net Lumpsum Payment	$17,165,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$978,315	-$322,307 -$46,470	$609,538
2	$1,027,260	-$340,417 -$48,795	$638,048
3	$1,078,610	-$359,416 -$51,234	$667,960
4	$1,132,560	-$379,378 -$53,797	$699,385
5	$1,189,175	-$400,325 -$56,486	$732,364
6	$1,248,650	-$422,331 -$59,311	$767,008
7	$1,311,050	-$445,419 -$62,275	$803,356
8	$1,376,635	-$469,685 -$65,390	$841,560
9	$1,445,470	-$495,154 -$68,660	$881,656
10	$1,517,750	-$521,898 -$72,093	$923,759
11	$1,593,605	-$549,964 -$75,696	$967,945
12	$1,673,295	-$579,450 -$79,482	$1,014,363
13	$1,756,950	-$610,402 -$83,455	$1,063,093
14	$1,844,830	-$642,917 -$87,629	$1,114,284
15	$1,937,065	-$677,044 -$92,011	$1,168,010
16	$2,033,915	-$712,879 -$96,611	$1,224,425
17	$2,135,575	-$750,493 -$101,440	$1,283,642
18	$2,242,370	-$790,007 -$106,513	$1,345,850
19	$2,354,495	-$831,494 -$111,839	$1,411,162
20	$2,472,210	-$875,048 -$117,430	$1,479,732
21	$2,595,840	-$920,791 -$123,302	$1,551,747
22	$2,725,645	-$968,819 -$129,468	$1,627,358
23	$2,861,885	-$1,019,228 -$135,940	$1,706,717
24	$3,005,015	-$1,072,186 -$142,738	$1,790,091
25	$3,155,230	-$1,127,765 -$149,873	$1,877,592
26	$3,313,050	-$1,186,159 -$157,370	$1,969,521
27	$3,478,670	-$1,247,438 -$165,237	$2,065,995
28	$3,652,610	-$1,311,796 -$173,499	$2,167,315
29	$3,835,260	-$1,379,377 -$182,175	$2,273,708
30	$4,027,010	-$1,450,324 -$191,283	$2,385,403