Oregon Lottery

ORLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 28, 2026 is estimated to be $238 Million, with a cash option of 110.9 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. 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 Sat Feb 28, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 28, 2026	$238,000,000	$110,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$110,900,000
Federal Tax(24%)	$26,616,000
Additional Federal Tax	$14,377,330
State Tax(8%)	$8,872,000
Net Lumpsum Payment	$61,034,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,582,138	-$1,285,721 -$286,571	$2,009,846
2	$3,761,352	-$1,352,031 -$300,908	$2,108,413
3	$3,949,372	-$1,421,598 -$315,950	$2,211,824
4	$4,146,912	-$1,494,688 -$331,753	$2,320,471
5	$4,354,210	-$1,571,388 -$348,337	$2,434,485
6	$4,571,980	-$1,651,963 -$365,758	$2,554,259
7	$4,800,460	-$1,736,501 -$384,037	$2,679,922
8	$5,040,602	-$1,825,353 -$403,248	$2,812,001
9	$5,292,644	-$1,918,609 -$423,412	$2,950,623
10	$5,557,300	-$2,016,531 -$444,584	$3,096,185
11	$5,835,046	-$2,119,297 -$466,804	$3,248,945
12	$6,126,834	-$2,227,259 -$490,147	$3,409,428
13	$6,433,140	-$2,340,592 -$514,651	$3,577,897
14	$6,754,916	-$2,459,649 -$540,393	$3,754,874
15	$7,092,638	-$2,584,606 -$567,411	$3,940,621
16	$7,447,258	-$2,715,816 -$595,781	$4,135,661
17	$7,819,490	-$2,853,542 -$625,559	$4,340,389
18	$8,210,524	-$2,998,224 -$656,842	$4,555,458
19	$8,621,074	-$3,150,128 -$689,686	$4,781,260
20	$9,052,092	-$3,309,604 -$724,167	$5,018,321
21	$9,504,768	-$3,477,095 -$760,381	$5,267,292
22	$9,980,054	-$3,652,950 -$798,404	$5,528,700
23	$10,478,902	-$3,837,524 -$838,312	$5,803,066
24	$11,002,978	-$4,031,432 -$880,238	$6,091,308
25	$11,552,996	-$4,234,939 -$924,240	$6,393,817
26	$12,130,860	-$4,448,749 -$970,469	$6,711,642
27	$12,737,284	-$4,673,125 -$1,018,983	$7,045,176
28	$13,374,172	-$4,908,774 -$1,069,934	$7,395,464
29	$14,042,952	-$5,156,223 -$1,123,436	$7,763,293
30	$14,745,052	-$5,416,000 -$1,179,604	$8,149,448