Oklahoma Lottery

OKLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Apr 20, 2026 is estimated to be $87 Million, with a cash option of 39.7 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 Apr 20, 2026

Draw Date	Jackpot	Cash Option
Mon Apr 20, 2026	$87,000,000	$39,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$39,700,000
Federal Tax(24%)	$9,528,000
Additional Federal Tax	$5,121,330
State Tax(4.75%)	$1,885,750
Net Lumpsum Payment	$23,164,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,309,437	-$444,822 -$62,198	$802,417
2	$1,374,948	-$469,061 -$65,310	$840,577
3	$1,443,678	-$494,491 -$68,575	$880,612
4	$1,515,888	-$521,209 -$72,005	$922,674
5	$1,591,665	-$549,246 -$75,604	$966,815
6	$1,671,270	-$578,700 -$79,385	$1,013,185
7	$1,754,790	-$609,603 -$83,353	$1,061,834
8	$1,842,573	-$642,082 -$87,522	$1,112,969
9	$1,934,706	-$676,172 -$91,899	$1,166,635
10	$2,031,450	-$711,967 -$96,494	$1,222,989
11	$2,132,979	-$749,533 -$101,317	$1,282,129
12	$2,239,641	-$788,998 -$106,383	$1,344,260
13	$2,351,610	-$830,426 -$111,701	$1,409,483
14	$2,469,234	-$873,947 -$117,289	$1,477,998
15	$2,592,687	-$919,625 -$123,153	$1,549,909
16	$2,722,317	-$967,588 -$129,310	$1,625,419
17	$2,858,385	-$1,017,933 -$135,773	$1,704,679
18	$3,001,326	-$1,070,821 -$142,563	$1,787,942
19	$3,151,401	-$1,126,349 -$149,692	$1,875,360
20	$3,308,958	-$1,184,645 -$157,176	$1,967,137
21	$3,474,432	-$1,245,870 -$165,036	$2,063,526
22	$3,648,171	-$1,310,154 -$173,288	$2,164,729
23	$3,830,523	-$1,377,624 -$181,950	$2,270,949
24	$4,022,097	-$1,448,506 -$191,050	$2,382,541
25	$4,223,154	-$1,522,897 -$200,600	$2,499,657
26	$4,434,390	-$1,601,055 -$210,634	$2,622,701
27	$4,656,066	-$1,683,075 -$221,163	$2,751,828
28	$4,888,878	-$1,769,215 -$232,222	$2,887,441
29	$5,133,348	-$1,859,669 -$243,834	$3,029,845
30	$5,389,998	-$1,954,630 -$256,025	$3,179,343