Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Mon Feb 16, 2026 is estimated to be $154 Million, with a cash option of 72.2 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Indiana, your state will take 3.15% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Indiana Powerball Jackpot/Cash Option for Mon Feb 16, 2026

Draw Date	Jackpot	Cash Option
Mon Feb 16, 2026	$154,000,000	$72,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,200,000
Federal Tax(24%)	$17,328,000
Additional Federal Tax	$9,346,330
State Tax(3.15%)	$2,274,300
Net Lumpsum Payment	$43,251,370

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$73,012	$1,426,906
2	$2,433,816	-$860,842 -$76,665	$1,496,309
3	$2,555,476	-$905,857 -$80,497	$1,569,122
4	$2,683,296	-$953,150 -$84,524	$1,645,622
5	$2,817,430	-$1,002,779 -$88,749	$1,725,902
6	$2,958,340	-$1,054,916 -$93,188	$1,810,236
7	$3,106,180	-$1,109,617 -$97,845	$1,898,718
8	$3,261,566	-$1,167,110 -$102,739	$1,991,717
9	$3,424,652	-$1,227,452 -$107,877	$2,089,323
10	$3,595,900	-$1,290,813 -$113,271	$2,191,816
11	$3,775,618	-$1,357,309 -$118,932	$2,299,377
12	$3,964,422	-$1,427,167 -$124,879	$2,412,376
13	$4,162,620	-$1,500,500 -$131,123	$2,530,997
14	$4,370,828	-$1,577,537 -$137,681	$2,655,610
15	$4,589,354	-$1,658,391 -$144,565	$2,786,398
16	$4,818,814	-$1,743,292 -$151,793	$2,923,729
17	$5,059,670	-$1,832,408 -$159,380	$3,067,882
18	$5,312,692	-$1,926,026 -$167,350	$3,219,316
19	$5,578,342	-$2,024,317 -$175,718	$3,378,307
20	$5,857,236	-$2,127,508 -$184,503	$3,545,225
21	$6,150,144	-$2,235,884 -$193,730	$3,720,530
22	$6,457,682	-$2,349,673 -$203,417	$3,904,592
23	$6,780,466	-$2,469,103 -$213,585	$4,097,778
24	$7,119,574	-$2,594,573 -$224,267	$4,300,734
25	$7,475,468	-$2,726,254 -$235,477	$4,513,737
26	$7,849,380	-$2,864,601 -$247,255	$4,737,524
27	$8,241,772	-$3,009,786 -$259,616	$4,972,370
28	$8,653,876	-$3,162,265 -$272,597	$5,219,014
29	$9,086,616	-$3,322,378 -$286,228	$5,478,010
30	$9,540,916	-$3,490,469 -$300,539	$5,749,908