The jackpot for the Powerball draw on Wed Jul 1, 2026, is projected to be $375 Million, with an option for a cash payout of $170.6 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 Wed Jul 1, 2026 |
|---|
| Draw Date | Wed Jul 1, 2026 | | Projected Jackpot | $375,000,000 | | Cash Value | $170,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $170,600,000 | | Federal Tax(24%) | $40,944,000 | | Additional Federal Tax | $22,138,330 | | State Tax(4.9%) | $8,359,400 | | Net Lumpsum Payment | $99,158,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,644,125 |
$2,048,657
$276,562 |
$3,318,906 |
| 2 |
$5,926,500 |
$2,153,135
$290,399 |
$3,482,966 |
| 3 |
$6,222,750 |
$2,262,748
$304,915 |
$3,655,087 |
| 4 |
$6,534,000 |
$2,377,910
$320,166 |
$3,835,924 |
| 5 |
$6,860,625 |
$2,498,762
$336,171 |
$4,025,692 |
| 6 |
$7,203,750 |
$2,625,718
$352,984 |
$4,225,048 |
| 7 |
$7,563,750 |
$2,758,918
$370,624 |
$4,434,208 |
| 8 |
$7,942,125 |
$2,898,917
$389,164 |
$4,654,044 |
| 9 |
$8,339,250 |
$3,045,853
$408,623 |
$4,884,774 |
| 10 |
$8,756,250 |
$3,200,143
$429,056 |
$5,127,051 |
| 11 |
$9,193,875 |
$3,362,064
$450,500 |
$5,381,311 |
| 12 |
$9,653,625 |
$3,532,172
$473,028 |
$5,648,425 |
| 13 |
$10,136,250 |
$3,710,743
$496,676 |
$5,928,831 |
| 14 |
$10,643,250 |
$3,898,333
$521,519 |
$6,223,398 |
| 15 |
$11,175,375 |
$4,095,219
$547,593 |
$6,532,563 |
| 16 |
$11,734,125 |
$4,301,957
$574,972 |
$6,857,196 |
| 17 |
$12,320,625 |
$4,518,962
$603,711 |
$7,197,952 |
| 18 |
$12,936,750 |
$4,746,928
$633,901 |
$7,555,921 |
| 19 |
$13,583,625 |
$4,986,272
$665,598 |
$7,931,755 |
| 20 |
$14,262,750 |
$5,237,548
$698,875 |
$8,326,327 |
| 21 |
$14,976,000 |
$5,501,450
$733,824 |
$8,740,726 |
| 22 |
$15,724,875 |
$5,778,534
$770,519 |
$9,175,822 |
| 23 |
$16,510,875 |
$6,069,354
$809,033 |
$9,632,488 |
| 24 |
$17,336,625 |
$6,374,882
$849,495 |
$10,112,248 |
| 25 |
$18,203,250 |
$6,695,533
$891,959 |
$10,615,758 |
| 26 |
$19,113,750 |
$7,032,418
$936,574 |
$11,144,758 |
| 27 |
$20,069,250 |
$7,385,953
$983,393 |
$11,699,904 |
| 28 |
$21,072,750 |
$7,757,248
$1,032,565 |
$12,282,937 |
| 29 |
$22,126,500 |
$8,147,135
$1,084,199 |
$12,895,166 |
| 30 |
$23,232,750 |
$8,556,448
$1,138,405 |
$13,537,897 |
|
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