Pennsylvania Lottery

PALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Jan 31, 2026 is estimated to be $57 Million, with a cash option of 25.8 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 Sat Jan 31, 2026

Draw Date	Jackpot	Cash Option
Sat Jan 31, 2026	$57,000,000	$25,800,000

Lumpsum Option Taxes and Payment

Category	Amount
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

Year	Gross Payment	Fed/State Tax	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