The jackpot for the Powerball draw on Sat Jan 10, 2026, is projected to be $124 Million, with an option for a cash payout of $56 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 Sat Jan 10, 2026 |
|---|
| Draw Date | Sat Jan 10, 2026 | | Projected Jackpot | $124,000,000 | | Cash Value | $56,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $56,000,000 | | Federal Tax(24%) | $13,440,000 | | Additional Federal Tax | $7,240,330 | | State Tax(3.07%) | $1,719,200 | | Net Lumpsum Payment | $33,600,470 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,866,324 |
$650,870
$57,296 |
$1,158,158 |
| 2 |
$1,959,696 |
$685,418
$60,163 |
$1,214,115 |
| 3 |
$2,057,656 |
$721,663
$63,170 |
$1,272,823 |
| 4 |
$2,160,576 |
$759,744
$66,330 |
$1,334,502 |
| 5 |
$2,268,580 |
$799,705
$69,645 |
$1,399,230 |
| 6 |
$2,382,040 |
$841,685
$73,129 |
$1,467,226 |
| 7 |
$2,501,080 |
$885,730
$76,783 |
$1,538,567 |
| 8 |
$2,626,196 |
$932,023
$80,624 |
$1,613,549 |
| 9 |
$2,757,512 |
$980,610
$84,656 |
$1,692,246 |
| 10 |
$2,895,400 |
$1,031,628
$88,889 |
$1,774,883 |
| 11 |
$3,040,108 |
$1,085,170
$93,331 |
$1,861,607 |
| 12 |
$3,192,132 |
$1,141,419
$97,998 |
$1,952,715 |
| 13 |
$3,351,720 |
$1,200,467
$102,898 |
$2,048,355 |
| 14 |
$3,519,368 |
$1,262,497
$108,045 |
$2,148,826 |
| 15 |
$3,695,324 |
$1,327,600
$113,446 |
$2,254,278 |
| 16 |
$3,880,084 |
$1,395,961
$119,119 |
$2,365,004 |
| 17 |
$4,074,020 |
$1,467,718
$125,072 |
$2,481,230 |
| 18 |
$4,277,752 |
$1,543,099
$131,327 |
$2,603,326 |
| 19 |
$4,491,652 |
$1,622,242
$137,894 |
$2,731,516 |
| 20 |
$4,716,216 |
$1,705,330
$144,788 |
$2,866,098 |
| 21 |
$4,952,064 |
$1,792,594
$152,028 |
$3,007,442 |
| 22 |
$5,199,692 |
$1,884,216
$159,631 |
$3,155,845 |
| 23 |
$5,459,596 |
$1,980,381
$167,610 |
$3,311,605 |
| 24 |
$5,732,644 |
$2,081,409
$175,992 |
$3,475,243 |
| 25 |
$6,019,208 |
$2,187,437
$184,790 |
$3,646,981 |
| 26 |
$6,320,280 |
$2,298,834
$194,033 |
$3,827,413 |
| 27 |
$6,636,232 |
$2,415,736
$203,732 |
$4,016,764 |
| 28 |
$6,968,056 |
$2,538,511
$213,919 |
$4,215,626 |
| 29 |
$7,316,496 |
$2,667,434
$224,616 |
$4,424,446 |
| 30 |
$7,682,296 |
$2,802,780
$235,846 |
$4,643,670 |
|
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