The jackpot for the Powerball draw on Wed Sep 23, 2026, is projected to be $332 Million, with an option for a cash payout of $141.7 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 Sep 23, 2026 |
|---|
| Draw Date | Wed Sep 23, 2026 | | Projected Jackpot | $332,000,000 | | Cash Value | $141,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $141,700,000 | | Federal Tax(24%) | $34,008,000 | | Additional Federal Tax | $18,381,330 | | State Tax(3.07%) | $4,350,190 | | Net Lumpsum Payment | $84,960,480 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,996,932 |
$1,809,195
$153,406 |
$3,034,331 |
| 2 |
$5,246,928 |
$1,901,694
$161,081 |
$3,184,153 |
| 3 |
$5,509,208 |
$1,998,737
$169,133 |
$3,341,338 |
| 4 |
$5,784,768 |
$2,100,695
$177,592 |
$3,506,481 |
| 5 |
$6,073,940 |
$2,207,688
$186,470 |
$3,679,782 |
| 6 |
$6,377,720 |
$2,320,087
$195,796 |
$3,861,837 |
| 7 |
$6,696,440 |
$2,438,013
$205,581 |
$4,052,846 |
| 8 |
$7,031,428 |
$2,561,959
$215,865 |
$4,253,604 |
| 9 |
$7,383,016 |
$2,692,046
$226,659 |
$4,464,311 |
| 10 |
$7,752,200 |
$2,828,644
$237,993 |
$4,685,563 |
| 11 |
$8,139,644 |
$2,971,999
$249,887 |
$4,917,758 |
| 12 |
$8,546,676 |
$3,122,601
$262,383 |
$5,161,692 |
| 13 |
$8,973,960 |
$3,280,696
$275,501 |
$5,417,763 |
| 14 |
$9,422,824 |
$3,446,775
$289,281 |
$5,686,768 |
| 15 |
$9,893,932 |
$3,621,085
$303,744 |
$5,969,103 |
| 16 |
$10,388,612 |
$3,804,117
$318,930 |
$6,265,565 |
| 17 |
$10,907,860 |
$3,996,239
$334,871 |
$6,576,750 |
| 18 |
$11,453,336 |
$4,198,065
$351,617 |
$6,903,654 |
| 19 |
$12,026,036 |
$4,409,964
$369,199 |
$7,246,873 |
| 20 |
$12,627,288 |
$4,632,427
$387,658 |
$7,607,203 |
| 21 |
$13,258,752 |
$4,866,069
$407,044 |
$7,985,639 |
| 22 |
$13,921,756 |
$5,111,380
$427,398 |
$8,382,978 |
| 23 |
$14,617,628 |
$5,368,853
$448,761 |
$8,800,014 |
| 24 |
$15,348,692 |
$5,639,346
$471,205 |
$9,238,141 |
| 25 |
$16,115,944 |
$5,923,230
$494,759 |
$9,697,955 |
| 26 |
$16,922,040 |
$6,221,485
$519,507 |
$10,181,048 |
| 27 |
$17,767,976 |
$6,534,482
$545,477 |
$10,688,017 |
| 28 |
$18,656,408 |
$6,863,201
$572,752 |
$11,220,455 |
| 29 |
$19,589,328 |
$7,208,382
$601,392 |
$11,779,554 |
| 30 |
$20,568,728 |
$7,570,760
$631,460 |
$12,366,508 |
|
|
