Oregon Lottery

ORLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Oct 24, 2026 is estimated to be $674 Million, with a cash option of 283.9 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 Oct 24, 2026

Draw Date	Jackpot	Cash Option
Sat Oct 24, 2026	$674,000,000	$283,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$283,900,000
Federal Tax(24%)	$68,136,000
Additional Federal Tax	$36,867,330
State Tax(8%)	$22,712,000
Net Lumpsum Payment	$156,184,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$10,144,374	-$3,713,749 -$811,550	$5,619,075
2	$10,651,896	-$3,901,532 -$852,152	$5,898,212
3	$11,184,356	-$4,098,542 -$894,748	$6,191,066
4	$11,743,776	-$4,305,528 -$939,502	$6,498,746
5	$12,330,830	-$4,522,737 -$986,466	$6,821,627
6	$12,947,540	-$4,750,920 -$1,035,803	$7,160,817
7	$13,594,580	-$4,990,325 -$1,087,566	$7,516,689
8	$14,274,646	-$5,241,949 -$1,141,972	$7,890,725
9	$14,988,412	-$5,506,043 -$1,199,073	$8,283,296
10	$15,737,900	-$5,783,353 -$1,259,032	$8,695,515
11	$16,524,458	-$6,074,380 -$1,321,957	$9,128,121
12	$17,350,782	-$6,380,120 -$1,388,063	$9,582,599
13	$18,218,220	-$6,701,072 -$1,457,458	$10,059,690
14	$19,129,468	-$7,038,234 -$1,530,357	$10,560,877
15	$20,085,874	-$7,392,104 -$1,606,870	$11,086,900
16	$21,090,134	-$7,763,680 -$1,687,211	$11,639,243
17	$22,144,270	-$8,153,710 -$1,771,542	$12,219,018
18	$23,251,652	-$8,563,442 -$1,860,132	$12,828,078
19	$24,414,302	-$8,993,622 -$1,953,144	$13,467,536
20	$25,634,916	-$9,445,249 -$2,050,793	$14,138,874
21	$26,916,864	-$9,919,570 -$2,153,349	$14,843,945
22	$28,262,842	-$10,417,582 -$2,261,027	$15,584,233
23	$29,675,546	-$10,940,282 -$2,374,044	$16,361,220
24	$31,159,694	-$11,489,417 -$2,492,776	$17,177,501
25	$32,717,308	-$12,065,734 -$2,617,385	$18,034,189
26	$34,353,780	-$12,671,229 -$2,748,302	$18,934,249
27	$36,071,132	-$13,306,649 -$2,885,691	$19,878,792
28	$37,874,756	-$13,973,990 -$3,029,980	$20,870,786
29	$39,768,696	-$14,674,748 -$3,181,496	$21,912,452
30	$41,756,996	-$15,410,419 -$3,340,560	$23,006,017