Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Jan 7, 2026 is estimated to be $105 Million, with a cash option of 47.4 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Pennsylvania, your state will take 3.07% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Pennsylvania Powerball Jackpot/Cash Option for Wed Jan 7, 2026

Draw Date	Jackpot	Cash Option
Wed Jan 7, 2026	$105,000,000	$47,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$47,400,000
Federal Tax(24%)	$11,376,000
Additional Federal Tax	$6,122,330
State Tax(3.07%)	$1,455,180
Net Lumpsum Payment	$28,446,490

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,580,355	-$545,062 -$48,517	$986,776
2	$1,659,420	-$574,316 -$50,944	$1,034,160
3	$1,742,370	-$605,007 -$53,491	$1,083,872
4	$1,829,520	-$637,253 -$56,166	$1,136,101
5	$1,920,975	-$671,091 -$58,974	$1,190,910
6	$2,017,050	-$706,639 -$61,923	$1,248,488
7	$2,117,850	-$743,935 -$65,018	$1,308,897
8	$2,223,795	-$783,135 -$68,271	$1,372,389
9	$2,334,990	-$824,277 -$71,684	$1,439,029
10	$2,451,750	-$867,478 -$75,269	$1,509,003
11	$2,574,285	-$912,816 -$79,031	$1,582,438
12	$2,703,015	-$960,446 -$82,983	$1,659,586
13	$2,838,150	-$1,010,446 -$87,131	$1,740,573
14	$2,980,110	-$1,062,971 -$91,489	$1,825,650
15	$3,129,105	-$1,118,099 -$96,064	$1,914,942
16	$3,285,555	-$1,175,986 -$100,867	$2,008,702
17	$3,449,775	-$1,236,747 -$105,908	$2,107,120
18	$3,622,290	-$1,300,578 -$111,204	$2,210,508
19	$3,803,415	-$1,367,594 -$116,765	$2,319,056
20	$3,993,570	-$1,437,951 -$122,603	$2,433,016
21	$4,193,280	-$1,511,844 -$128,734	$2,552,702
22	$4,402,965	-$1,589,427 -$135,171	$2,678,367
23	$4,623,045	-$1,670,857 -$141,927	$2,810,261
24	$4,854,255	-$1,756,405 -$149,026	$2,948,824
25	$5,096,910	-$1,846,187 -$156,475	$3,094,248
26	$5,351,850	-$1,940,515 -$164,302	$3,247,033
27	$5,619,390	-$2,039,505 -$172,515	$3,407,370
28	$5,900,370	-$2,143,467 -$181,141	$3,575,762
29	$6,195,420	-$2,252,636 -$190,199	$3,752,585
30	$6,505,170	-$2,367,243 -$199,709	$3,938,218