The jackpot for the Powerball draw on Wed Mar 25, 2026, is projected to be $147 Million, with an option for a cash payout of $66.6 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 Mar 25, 2026 |
|---|
| Draw Date | Wed Mar 25, 2026 | | Projected Jackpot | $147,000,000 | | Cash Value | $66,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $66,600,000 | | Federal Tax(24%) | $15,984,000 | | Additional Federal Tax | $8,618,330 | | State Tax(3.07%) | $2,044,620 | | Net Lumpsum Payment | $39,953,050 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,212,497 |
$778,954
$67,924 |
$1,365,619 |
| 2 |
$2,323,188 |
$819,910
$71,322 |
$1,431,956 |
| 3 |
$2,439,318 |
$862,878
$74,887 |
$1,501,553 |
| 4 |
$2,561,328 |
$908,022
$78,633 |
$1,574,673 |
| 5 |
$2,689,365 |
$955,395
$82,564 |
$1,651,406 |
| 6 |
$2,823,870 |
$1,005,162
$86,693 |
$1,732,015 |
| 7 |
$2,964,990 |
$1,057,377
$91,025 |
$1,816,588 |
| 8 |
$3,113,313 |
$1,112,256
$95,579 |
$1,905,478 |
| 9 |
$3,268,986 |
$1,169,855
$100,358 |
$1,998,773 |
| 10 |
$3,432,450 |
$1,230,337
$105,376 |
$2,096,737 |
| 11 |
$3,603,999 |
$1,293,810
$110,643 |
$2,199,546 |
| 12 |
$3,784,221 |
$1,360,492
$116,176 |
$2,307,553 |
| 13 |
$3,973,410 |
$1,430,492
$121,984 |
$2,420,934 |
| 14 |
$4,172,154 |
$1,504,027
$128,085 |
$2,540,042 |
| 15 |
$4,380,747 |
$1,581,207
$134,489 |
$2,665,051 |
| 16 |
$4,599,777 |
$1,662,248
$141,213 |
$2,796,316 |
| 17 |
$4,829,685 |
$1,747,314
$148,271 |
$2,934,100 |
| 18 |
$5,071,206 |
$1,836,677
$155,686 |
$3,078,843 |
| 19 |
$5,324,781 |
$1,930,499
$163,471 |
$3,230,811 |
| 20 |
$5,590,998 |
$2,029,000
$171,644 |
$3,390,354 |
| 21 |
$5,870,592 |
$2,132,449
$180,227 |
$3,557,916 |
| 22 |
$6,164,151 |
$2,241,066
$189,239 |
$3,733,846 |
| 23 |
$6,472,263 |
$2,355,068
$198,698 |
$3,918,497 |
| 24 |
$6,795,957 |
$2,474,834
$208,636 |
$4,112,487 |
| 25 |
$7,135,674 |
$2,600,530
$219,065 |
$4,316,079 |
| 26 |
$7,492,590 |
$2,732,589
$230,023 |
$4,529,978 |
| 27 |
$7,867,146 |
$2,871,174
$241,521 |
$4,754,451 |
| 28 |
$8,260,518 |
$3,016,722
$253,598 |
$4,990,198 |
| 29 |
$8,673,588 |
$3,169,558
$266,279 |
$5,237,751 |
| 30 |
$9,107,238 |
$3,330,008
$279,592 |
$5,497,638 |
|
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