"Powerball Jackpot Soars to $572M: What's the Payout for an Oregon Winner?"

The Powerball jackpot has reached $572 million, but a winner would only take home about two-thirds of the advertised prize due to taxes and payout options. The cash lump sum payment is worth about $286.7 million, while the annuitized option is $572 million. After taxes, a winner could expect to receive around $180.7 million with the cash option or $361.5 million with annuitized payments. Oregon residents would receive among the smallest payouts in the nation, as the state withholds an 8% tax on prizes worth $1,500 or more.