Arkansas Lottery

ARLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Aug 5, 2026 is estimated to be $786 Million, with a cash option of 341.6 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 Arkansas, your state will take 4.9% 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.

Arkansas Powerball Jackpot/Cash Option for Wed Aug 5, 2026

Draw Date	Jackpot	Cash Option
Wed Aug 5, 2026	$786,000,000	$341,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$341,600,000
Federal Tax(24%)	$81,984,000
Additional Federal Tax	$44,368,330
State Tax(4.9%)	$16,738,400
Net Lumpsum Payment	$198,509,270

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$11,830,086	-$4,337,462 -$579,674	$6,912,950
2	$12,421,944	-$4,556,450 -$608,675	$7,256,819
3	$13,042,884	-$4,786,197 -$639,101	$7,617,586
4	$13,695,264	-$5,027,578 -$671,068	$7,996,618
5	$14,379,870	-$5,280,882 -$704,614	$8,394,374
6	$15,099,060	-$5,546,983 -$739,854	$8,812,223
7	$15,853,620	-$5,826,170 -$776,827	$9,250,623
8	$16,646,694	-$6,119,607 -$815,688	$9,711,399
9	$17,479,068	-$6,427,586 -$856,474	$10,195,008
10	$18,353,100	-$6,750,977 -$899,302	$10,702,821
11	$19,270,362	-$7,090,364 -$944,248	$11,235,750
12	$20,233,998	-$7,446,910 -$991,466	$11,795,622
13	$21,245,580	-$7,821,195 -$1,041,033	$12,383,352
14	$22,308,252	-$8,214,384 -$1,093,104	$13,000,764
15	$23,423,586	-$8,627,057 -$1,147,756	$13,648,773
16	$24,594,726	-$9,060,379 -$1,205,142	$14,329,205
17	$25,824,030	-$9,515,221 -$1,265,377	$15,043,432
18	$27,115,428	-$9,993,039 -$1,328,656	$15,793,733
19	$28,471,278	-$10,494,703 -$1,395,093	$16,581,482
20	$29,894,724	-$11,021,378 -$1,464,841	$17,408,505
21	$31,389,696	-$11,574,518 -$1,538,095	$18,277,083
22	$32,959,338	-$12,155,285 -$1,615,008	$19,189,045
23	$34,606,794	-$12,764,844 -$1,695,733	$20,146,217
24	$36,337,566	-$13,405,230 -$1,780,541	$21,151,795
25	$38,154,012	-$14,077,315 -$1,869,547	$22,207,150
26	$40,062,420	-$14,783,426 -$1,963,059	$23,315,935
27	$42,065,148	-$15,524,435 -$2,061,192	$24,479,521
28	$44,168,484	-$16,302,669 -$2,164,256	$25,701,559
29	$46,377,144	-$17,119,874 -$2,272,480	$26,984,790
30	$48,695,844	-$17,977,793 -$2,386,096	$28,331,955