Oregon Lottery

ORLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Oct 26, 2026 is estimated to be $687 Million, with a cash option of 294.7 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 Oregon, your state will take 8% 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.

Oregon Powerball Jackpot/Cash Option for Mon Oct 26, 2026

Draw Date	Jackpot	Cash Option
Mon Oct 26, 2026	$687,000,000	$294,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$294,700,000
Federal Tax(24%)	$70,728,000
Additional Federal Tax	$38,271,330
State Tax(8%)	$23,576,000
Net Lumpsum Payment	$162,124,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,340,037	-$3,786,144 -$827,203	$5,726,690
2	$10,857,348	-$3,977,549 -$868,588	$6,011,211
3	$11,400,078	-$4,178,359 -$912,006	$6,309,713
4	$11,970,288	-$4,389,337 -$957,623	$6,623,328
5	$12,568,665	-$4,610,736 -$1,005,493	$6,952,436
6	$13,197,270	-$4,843,320 -$1,055,782	$7,298,168
7	$13,856,790	-$5,087,343 -$1,108,543	$7,660,904
8	$14,549,973	-$5,343,820 -$1,163,998	$8,042,155
9	$15,277,506	-$5,613,008 -$1,222,200	$8,442,298
10	$16,041,450	-$5,895,667 -$1,283,316	$8,862,467
11	$16,843,179	-$6,192,307 -$1,347,454	$9,303,418
12	$17,685,441	-$6,503,944 -$1,414,835	$9,766,662
13	$18,569,610	-$6,831,086 -$1,485,569	$10,252,955
14	$19,498,434	-$7,174,751 -$1,559,875	$10,763,808
15	$20,473,287	-$7,535,447 -$1,637,863	$11,299,977
16	$21,496,917	-$7,914,190 -$1,719,753	$11,862,974
17	$22,571,385	-$8,311,743 -$1,805,711	$12,453,931
18	$23,700,126	-$8,729,377 -$1,896,010	$13,074,739
19	$24,885,201	-$9,167,855 -$1,990,816	$13,726,530
20	$26,129,358	-$9,628,193 -$2,090,349	$14,410,816
21	$27,436,032	-$10,111,662 -$2,194,883	$15,129,487
22	$28,807,971	-$10,619,280 -$2,304,638	$15,884,053
23	$30,247,923	-$11,152,062 -$2,419,834	$16,676,027
24	$31,760,697	-$11,711,788 -$2,540,856	$17,508,053
25	$33,348,354	-$12,299,221 -$2,667,868	$18,381,265
26	$35,016,390	-$12,916,395 -$2,801,311	$19,298,684
27	$36,766,866	-$13,564,071 -$2,941,349	$20,261,446
28	$38,605,278	-$14,244,283 -$3,088,422	$21,272,573
29	$40,535,748	-$14,958,557 -$3,242,860	$22,334,331
30	$42,562,398	-$15,708,418 -$3,404,992	$23,448,988