The jackpot for the Powerball draw on Wed Feb 25, 2026, is projected to be $218 Million, with an option for a cash payout of $101.6 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 Wed Feb 25, 2026 |
|---|
| Draw Date | Wed Feb 25, 2026 | | Projected Jackpot | $218,000,000 | | Cash Value | $101,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $101,600,000 | | Federal Tax(24%) | $24,384,000 | | Additional Federal Tax | $13,168,330 | | State Tax(3.07%) | $3,119,120 | | Net Lumpsum Payment | $60,928,550 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,281,118 |
$1,174,344
$100,730 |
$2,006,044 |
| 2 |
$3,445,272 |
$1,235,081
$105,770 |
$2,104,421 |
| 3 |
$3,617,492 |
$1,298,802
$111,057 |
$2,207,633 |
| 4 |
$3,798,432 |
$1,365,750
$116,612 |
$2,316,070 |
| 5 |
$3,988,310 |
$1,436,005
$122,441 |
$2,429,864 |
| 6 |
$4,187,780 |
$1,509,809
$128,565 |
$2,549,406 |
| 7 |
$4,397,060 |
$1,587,243
$134,990 |
$2,674,827 |
| 8 |
$4,617,022 |
$1,668,629
$141,743 |
$2,806,650 |
| 9 |
$4,847,884 |
$1,754,047
$148,830 |
$2,945,007 |
| 10 |
$5,090,300 |
$1,843,741
$156,272 |
$3,090,287 |
| 11 |
$5,344,706 |
$1,937,872
$164,082 |
$3,242,752 |
| 12 |
$5,611,974 |
$2,036,761
$172,288 |
$3,402,925 |
| 13 |
$5,892,540 |
$2,140,570
$180,901 |
$3,571,069 |
| 14 |
$6,187,276 |
$2,249,623
$189,949 |
$3,747,704 |
| 15 |
$6,496,618 |
$2,364,079
$199,446 |
$3,933,093 |
| 16 |
$6,821,438 |
$2,484,262
$209,418 |
$4,127,758 |
| 17 |
$7,162,390 |
$2,610,415
$219,885 |
$4,332,090 |
| 18 |
$7,520,564 |
$2,742,939
$230,881 |
$4,546,744 |
| 19 |
$7,896,614 |
$2,882,078
$242,426 |
$4,772,110 |
| 20 |
$8,291,412 |
$3,028,153
$254,546 |
$5,008,713 |
| 21 |
$8,706,048 |
$3,181,568
$267,276 |
$5,257,204 |
| 22 |
$9,141,394 |
$3,342,646
$280,641 |
$5,518,107 |
| 23 |
$9,598,322 |
$3,511,710
$294,668 |
$5,791,944 |
| 24 |
$10,078,358 |
$3,689,323
$309,406 |
$6,079,629 |
| 25 |
$10,582,156 |
$3,875,728
$324,872 |
$6,381,556 |
| 26 |
$11,111,460 |
$4,071,571
$341,122 |
$6,698,767 |
| 27 |
$11,666,924 |
$4,277,092
$358,175 |
$7,031,657 |
| 28 |
$12,250,292 |
$4,492,938
$376,084 |
$7,381,270 |
| 29 |
$12,862,872 |
$4,719,593
$394,890 |
$7,748,389 |
| 30 |
$13,505,972 |
$4,957,540
$414,633 |
$8,133,799 |
|
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