Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon May 11, 2026 is estimated to be $57 Million, with a cash option of 25.7 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 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 May 11, 2026

Draw Date	Jackpot	Cash Option
Mon May 11, 2026	$57,000,000	$25,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$25,700,000
Federal Tax(24%)	$6,168,000
Additional Federal Tax	$3,301,330
State Tax(4.75%)	$1,220,750
Net Lumpsum Payment	$15,009,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$857,907	-$277,756 -$40,751	$539,400
2	$900,828	-$293,637 -$42,789	$564,402
3	$945,858	-$310,298 -$44,928	$590,632
4	$993,168	-$327,803 -$47,175	$618,190
5	$1,042,815	-$346,172 -$49,534	$647,109
6	$1,094,970	-$365,469 -$52,011	$677,490
7	$1,149,690	-$385,716 -$54,610	$709,364
8	$1,207,203	-$406,995 -$57,342	$742,866
9	$1,267,566	-$429,330 -$60,209	$778,027
10	$1,330,950	-$452,782 -$63,220	$814,948
11	$1,397,469	-$477,394 -$66,380	$853,695
12	$1,467,351	-$503,250 -$69,699	$894,402
13	$1,540,710	-$530,393 -$73,184	$937,133
14	$1,617,774	-$558,907 -$76,844	$982,023
15	$1,698,657	-$588,833 -$80,686	$1,029,138
16	$1,783,587	-$620,258 -$84,720	$1,078,609
17	$1,872,735	-$653,242 -$88,955	$1,130,538
18	$1,966,386	-$687,893 -$93,403	$1,185,090
19	$2,064,711	-$724,273 -$98,074	$1,242,364
20	$2,167,938	-$762,467 -$102,977	$1,302,494
21	$2,276,352	-$802,581 -$108,127	$1,365,644
22	$2,390,181	-$844,697 -$113,534	$1,431,950
23	$2,509,653	-$888,902 -$119,209	$1,501,542
24	$2,635,167	-$935,342 -$125,170	$1,574,655
25	$2,766,894	-$984,081 -$131,427	$1,651,386
26	$2,905,290	-$1,035,288 -$138,001	$1,732,001
27	$3,050,526	-$1,089,025 -$144,900	$1,816,601
28	$3,203,058	-$1,145,462 -$152,145	$1,905,451
29	$3,363,228	-$1,204,725 -$159,753	$1,998,750
30	$3,531,378	-$1,266,940 -$167,740	$2,096,698