The jackpot for the Powerball draw on Mon Oct 26, 2026, is projected to be $687 Million, with an option for a cash payout of $294.7 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 Mon Oct 26, 2026 |
|---|
| Draw Date | Mon Oct 26, 2026 | | Projected Jackpot | $687,000,000 | | Cash Value | $294,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $294,700,000 | | Federal Tax(24%) | $70,728,000 | | Additional Federal Tax | $38,271,330 | | State Tax(3.07%) | $9,047,290 | | Net Lumpsum Payment | $176,653,380 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,340,037 |
$3,786,144
$317,439 |
$6,236,454 |
| 2 |
$10,857,348 |
$3,977,549
$333,321 |
$6,546,478 |
| 3 |
$11,400,078 |
$4,178,359
$349,982 |
$6,871,737 |
| 4 |
$11,970,288 |
$4,389,337
$367,488 |
$7,213,463 |
| 5 |
$12,568,665 |
$4,610,736
$385,858 |
$7,572,071 |
| 6 |
$13,197,270 |
$4,843,320
$405,156 |
$7,948,794 |
| 7 |
$13,856,790 |
$5,087,343
$425,403 |
$8,344,044 |
| 8 |
$14,549,973 |
$5,343,820
$446,684 |
$8,759,469 |
| 9 |
$15,277,506 |
$5,613,008
$469,019 |
$9,195,479 |
| 10 |
$16,041,450 |
$5,895,667
$492,473 |
$9,653,310 |
| 11 |
$16,843,179 |
$6,192,307
$517,086 |
$10,133,786 |
| 12 |
$17,685,441 |
$6,503,944
$542,943 |
$10,638,554 |
| 13 |
$18,569,610 |
$6,831,086
$570,087 |
$11,168,437 |
| 14 |
$19,498,434 |
$7,174,751
$598,602 |
$11,725,081 |
| 15 |
$20,473,287 |
$7,535,447
$628,530 |
$12,309,310 |
| 16 |
$21,496,917 |
$7,914,190
$659,955 |
$12,922,772 |
| 17 |
$22,571,385 |
$8,311,743
$692,942 |
$13,566,700 |
| 18 |
$23,700,126 |
$8,729,377
$727,594 |
$14,243,155 |
| 19 |
$24,885,201 |
$9,167,855
$763,976 |
$14,953,370 |
| 20 |
$26,129,358 |
$9,628,193
$802,171 |
$15,698,994 |
| 21 |
$27,436,032 |
$10,111,662
$842,286 |
$16,482,084 |
| 22 |
$28,807,971 |
$10,619,280
$884,405 |
$17,304,286 |
| 23 |
$30,247,923 |
$11,152,062
$928,611 |
$18,167,250 |
| 24 |
$31,760,697 |
$11,711,788
$975,053 |
$19,073,856 |
| 25 |
$33,348,354 |
$12,299,221
$1,023,794 |
$20,025,339 |
| 26 |
$35,016,390 |
$12,916,395
$1,075,003 |
$21,024,992 |
| 27 |
$36,766,866 |
$13,564,071
$1,128,743 |
$22,074,052 |
| 28 |
$38,605,278 |
$14,244,283
$1,185,182 |
$23,175,813 |
| 29 |
$40,535,748 |
$14,958,557
$1,244,447 |
$24,332,744 |
| 30 |
$42,562,398 |
$15,708,418
$1,306,666 |
$25,547,314 |
|
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