The jackpot for the Powerball draw on Mon Jan 12, 2026, is projected to be $137 Million, with an option for a cash payout of $61.9 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 Jan 12, 2026 |
|---|
| Draw Date | Mon Jan 12, 2026 | | Projected Jackpot | $137,000,000 | | Cash Value | $61,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $61,900,000 | | Federal Tax(24%) | $14,856,000 | | Additional Federal Tax | $8,007,330 | | State Tax(3.07%) | $1,900,330 | | Net Lumpsum Payment | $37,136,340 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,061,987 |
$723,266
$63,303 |
$1,275,418 |
| 2 |
$2,165,148 |
$761,435
$66,470 |
$1,337,243 |
| 3 |
$2,273,378 |
$801,480
$69,793 |
$1,402,105 |
| 4 |
$2,387,088 |
$843,553
$73,284 |
$1,470,251 |
| 5 |
$2,506,415 |
$887,704
$76,947 |
$1,541,764 |
| 6 |
$2,631,770 |
$934,085
$80,795 |
$1,616,890 |
| 7 |
$2,763,290 |
$982,748
$84,833 |
$1,695,709 |
| 8 |
$2,901,523 |
$1,033,894
$89,077 |
$1,778,552 |
| 9 |
$3,046,606 |
$1,087,575
$93,531 |
$1,865,500 |
| 10 |
$3,198,950 |
$1,143,942
$98,208 |
$1,956,800 |
| 11 |
$3,358,829 |
$1,203,097
$103,116 |
$2,052,616 |
| 12 |
$3,526,791 |
$1,265,243
$108,272 |
$2,153,276 |
| 13 |
$3,703,110 |
$1,330,481
$113,685 |
$2,258,944 |
| 14 |
$3,888,334 |
$1,399,014
$119,372 |
$2,369,948 |
| 15 |
$4,082,737 |
$1,470,943
$125,340 |
$2,486,454 |
| 16 |
$4,286,867 |
$1,546,471
$131,607 |
$2,608,789 |
| 17 |
$4,501,135 |
$1,625,750
$138,185 |
$2,737,200 |
| 18 |
$4,726,226 |
$1,709,034
$145,095 |
$2,872,097 |
| 19 |
$4,962,551 |
$1,796,474
$152,350 |
$3,013,727 |
| 20 |
$5,210,658 |
$1,888,274
$159,967 |
$3,162,417 |
| 21 |
$5,471,232 |
$1,984,686
$167,967 |
$3,318,579 |
| 22 |
$5,744,821 |
$2,085,914
$176,366 |
$3,482,541 |
| 23 |
$6,031,973 |
$2,192,160
$185,182 |
$3,654,631 |
| 24 |
$6,333,647 |
$2,303,780
$194,443 |
$3,835,424 |
| 25 |
$6,650,254 |
$2,420,924
$204,163 |
$4,025,167 |
| 26 |
$6,982,890 |
$2,544,000
$214,375 |
$4,224,515 |
| 27 |
$7,331,966 |
$2,673,158
$225,091 |
$4,433,717 |
| 28 |
$7,698,578 |
$2,808,804
$236,346 |
$4,653,428 |
| 29 |
$8,083,548 |
$2,951,243
$248,165 |
$4,884,140 |
| 30 |
$8,487,698 |
$3,100,779
$260,572 |
$5,126,347 |
|
|
