The jackpot for the Powerball draw on Sat Jun 20, 2026, is projected to be $302 Million, with an option for a cash payout of $135.3 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 Jun 20, 2026 |
|---|
| Draw Date | Sat Jun 20, 2026 | | Projected Jackpot | $302,000,000 | | Cash Value | $135,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $135,300,000 | | Federal Tax(24%) | $32,472,000 | | Additional Federal Tax | $17,549,330 | | State Tax(3.07%) | $4,153,710 | | Net Lumpsum Payment | $81,124,960 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,545,402 |
$1,642,129
$139,544 |
$2,763,729 |
| 2 |
$4,772,808 |
$1,726,269
$146,525 |
$2,900,014 |
| 3 |
$5,011,388 |
$1,814,544
$153,850 |
$3,042,994 |
| 4 |
$5,262,048 |
$1,907,288
$161,545 |
$3,193,215 |
| 5 |
$5,525,090 |
$2,004,614
$169,620 |
$3,350,856 |
| 6 |
$5,801,420 |
$2,106,856
$178,104 |
$3,516,460 |
| 7 |
$6,091,340 |
$2,214,126
$187,004 |
$3,690,210 |
| 8 |
$6,396,058 |
$2,326,872
$196,359 |
$3,872,827 |
| 9 |
$6,715,876 |
$2,445,205
$206,177 |
$4,064,494 |
| 10 |
$7,051,700 |
$2,569,459
$216,487 |
$4,265,754 |
| 11 |
$7,404,134 |
$2,699,860
$227,307 |
$4,476,967 |
| 12 |
$7,774,386 |
$2,836,853
$238,674 |
$4,698,859 |
| 13 |
$8,163,060 |
$2,980,663
$250,606 |
$4,931,791 |
| 14 |
$8,571,364 |
$3,131,735
$263,141 |
$5,176,488 |
| 15 |
$8,999,902 |
$3,290,294
$276,297 |
$5,433,311 |
| 16 |
$9,449,882 |
$3,456,787
$290,111 |
$5,702,984 |
| 17 |
$9,922,210 |
$3,631,548
$304,612 |
$5,986,050 |
| 18 |
$10,418,396 |
$3,815,137
$319,845 |
$6,283,414 |
| 19 |
$10,939,346 |
$4,007,888
$335,838 |
$6,595,620 |
| 20 |
$11,486,268 |
$4,210,250
$352,628 |
$6,923,390 |
| 21 |
$12,060,672 |
$4,422,779
$370,263 |
$7,267,630 |
| 22 |
$12,663,766 |
$4,645,924
$388,778 |
$7,629,064 |
| 23 |
$13,296,758 |
$4,880,131
$408,210 |
$8,008,417 |
| 24 |
$13,961,762 |
$5,126,182
$428,626 |
$8,406,954 |
| 25 |
$14,659,684 |
$5,384,413
$450,052 |
$8,825,219 |
| 26 |
$15,392,940 |
$5,655,718
$472,563 |
$9,264,659 |
| 27 |
$16,162,436 |
$5,940,432
$496,187 |
$9,725,817 |
| 28 |
$16,970,588 |
$6,239,448
$520,997 |
$10,210,143 |
| 29 |
$17,819,208 |
$6,553,437
$547,050 |
$10,718,721 |
| 30 |
$18,710,108 |
$6,883,070
$574,400 |
$11,252,638 |
|
|
