The jackpot for the Powerball draw on Sat Jan 31, 2026, is projected to be $57 Million, with an option for a cash payout of $25.8 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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania Powerball Jackpot/Cash Option for Sat Jan 31, 2026 |
|---|
| Draw Date | Sat Jan 31, 2026 | | Projected Jackpot | $57,000,000 | | Cash Value | $25,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $25,800,000 | | Federal Tax(24%) | $6,192,000 | | Additional Federal Tax | $3,314,330 | | State Tax(3.07%) | $792,060 | | Net Lumpsum Payment | $15,501,610 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$857,907 |
$277,756
$26,338 |
$553,813 |
| 2 |
$900,828 |
$293,637
$27,655 |
$579,536 |
| 3 |
$945,858 |
$310,298
$29,038 |
$606,522 |
| 4 |
$993,168 |
$327,803
$30,490 |
$634,875 |
| 5 |
$1,042,815 |
$346,172
$32,014 |
$664,629 |
| 6 |
$1,094,970 |
$365,469
$33,616 |
$695,885 |
| 7 |
$1,149,690 |
$385,716
$35,295 |
$728,679 |
| 8 |
$1,207,203 |
$406,995
$37,061 |
$763,147 |
| 9 |
$1,267,566 |
$429,330
$38,914 |
$799,322 |
| 10 |
$1,330,950 |
$452,782
$40,860 |
$837,308 |
| 11 |
$1,397,469 |
$477,394
$42,902 |
$877,173 |
| 12 |
$1,467,351 |
$503,250
$45,048 |
$919,053 |
| 13 |
$1,540,710 |
$530,393
$47,300 |
$963,017 |
| 14 |
$1,617,774 |
$558,907
$49,666 |
$1,009,201 |
| 15 |
$1,698,657 |
$588,833
$52,149 |
$1,057,675 |
| 16 |
$1,783,587 |
$620,258
$54,756 |
$1,108,573 |
| 17 |
$1,872,735 |
$653,242
$57,493 |
$1,162,000 |
| 18 |
$1,966,386 |
$687,893
$60,368 |
$1,218,125 |
| 19 |
$2,064,711 |
$724,273
$63,387 |
$1,277,051 |
| 20 |
$2,167,938 |
$762,467
$66,556 |
$1,338,915 |
| 21 |
$2,276,352 |
$802,581
$69,884 |
$1,403,887 |
| 22 |
$2,390,181 |
$844,697
$73,379 |
$1,472,105 |
| 23 |
$2,509,653 |
$888,902
$77,046 |
$1,543,705 |
| 24 |
$2,635,167 |
$935,342
$80,900 |
$1,618,925 |
| 25 |
$2,766,894 |
$984,081
$84,944 |
$1,697,869 |
| 26 |
$2,905,290 |
$1,035,288
$89,192 |
$1,780,810 |
| 27 |
$3,050,526 |
$1,089,025
$93,651 |
$1,867,850 |
| 28 |
$3,203,058 |
$1,145,462
$98,334 |
$1,959,262 |
| 29 |
$3,363,228 |
$1,204,725
$103,251 |
$2,055,252 |
| 30 |
$3,531,378 |
$1,266,940
$108,413 |
$2,156,025 |
|
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