The jackpot for the Powerball draw on Sat May 16, 2026, is projected to be $86 Million, with an option for a cash payout of $38.8 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Arkansas residents, the state will deduct 4.9% from your lottery earnings.
| Arkansas Powerball Jackpot/Cash Option for Sat May 16, 2026 |
|---|
| Draw Date | Sat May 16, 2026 | | Projected Jackpot | $86,000,000 | | Cash Value | $38,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $38,800,000 | | Federal Tax(24%) | $9,312,000 | | Additional Federal Tax | $5,004,330 | | State Tax(4.9%) | $1,901,200 | | Net Lumpsum Payment | $22,582,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,294,386 |
$439,253
$63,425 |
$791,708 |
| 2 |
$1,359,144 |
$463,214
$66,598 |
$829,332 |
| 3 |
$1,427,084 |
$488,351
$69,927 |
$868,806 |
| 4 |
$1,498,464 |
$514,762
$73,425 |
$910,277 |
| 5 |
$1,573,370 |
$542,477
$77,095 |
$953,798 |
| 6 |
$1,652,060 |
$571,593
$80,951 |
$999,516 |
| 7 |
$1,734,620 |
$602,140
$84,996 |
$1,047,484 |
| 8 |
$1,821,394 |
$634,246
$89,248 |
$1,097,900 |
| 9 |
$1,912,468 |
$667,944
$93,711 |
$1,150,813 |
| 10 |
$2,008,100 |
$703,327
$98,397 |
$1,206,376 |
| 11 |
$2,108,462 |
$740,461
$103,315 |
$1,264,686 |
| 12 |
$2,213,898 |
$779,473
$108,481 |
$1,325,944 |
| 13 |
$2,324,580 |
$820,425
$113,904 |
$1,390,251 |
| 14 |
$2,440,852 |
$863,446
$119,602 |
$1,457,804 |
| 15 |
$2,562,886 |
$908,598
$125,581 |
$1,528,707 |
| 16 |
$2,691,026 |
$956,010
$131,860 |
$1,603,156 |
| 17 |
$2,825,530 |
$1,005,776
$138,451 |
$1,681,303 |
| 18 |
$2,966,828 |
$1,058,057
$145,375 |
$1,763,396 |
| 19 |
$3,115,178 |
$1,112,946
$152,644 |
$1,849,588 |
| 20 |
$3,270,924 |
$1,170,572
$160,275 |
$1,940,077 |
| 21 |
$3,434,496 |
$1,231,094
$168,290 |
$2,035,112 |
| 22 |
$3,606,238 |
$1,294,638
$176,706 |
$2,134,894 |
| 23 |
$3,786,494 |
$1,361,333
$185,538 |
$2,239,623 |
| 24 |
$3,975,866 |
$1,431,401
$194,817 |
$2,349,648 |
| 25 |
$4,174,612 |
$1,504,937
$204,556 |
$2,465,119 |
| 26 |
$4,383,420 |
$1,582,196
$214,788 |
$2,586,436 |
| 27 |
$4,602,548 |
$1,663,273
$225,525 |
$2,713,750 |
| 28 |
$4,832,684 |
$1,748,423
$236,802 |
$2,847,459 |
| 29 |
$5,074,344 |
$1,837,838
$248,643 |
$2,987,863 |
| 30 |
$5,328,044 |
$1,931,707
$261,074 |
$3,135,263 |
|
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