New York Lottery

NYLottery 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 New York, your state will take 8.82% 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.

New York 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(8.82%)	$6,368,040
Net Lumpsum Payment	$39,157,630

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$204,435	$1,295,483
2	$2,433,816	-$860,842 -$214,663	$1,358,311
3	$2,555,476	-$905,857 -$225,393	$1,424,226
4	$2,683,296	-$953,150 -$236,667	$1,493,479
5	$2,817,430	-$1,002,779 -$248,497	$1,566,154
6	$2,958,340	-$1,054,916 -$260,926	$1,642,498
7	$3,106,180	-$1,109,617 -$273,965	$1,722,598
8	$3,261,566	-$1,167,110 -$287,670	$1,806,786
9	$3,424,652	-$1,227,452 -$302,054	$1,895,146
10	$3,595,900	-$1,290,813 -$317,158	$1,987,929
11	$3,775,618	-$1,357,309 -$333,010	$2,085,299
12	$3,964,422	-$1,427,167 -$349,662	$2,187,593
13	$4,162,620	-$1,500,500 -$367,143	$2,294,977
14	$4,370,828	-$1,577,537 -$385,507	$2,407,784
15	$4,589,354	-$1,658,391 -$404,781	$2,526,182
16	$4,818,814	-$1,743,292 -$425,019	$2,650,503
17	$5,059,670	-$1,832,408 -$446,263	$2,780,999
18	$5,312,692	-$1,926,026 -$468,579	$2,918,087
19	$5,578,342	-$2,024,317 -$492,010	$3,062,015
20	$5,857,236	-$2,127,508 -$516,608	$3,213,120
21	$6,150,144	-$2,235,884 -$542,443	$3,371,817
22	$6,457,682	-$2,349,673 -$569,568	$3,538,441
23	$6,780,466	-$2,469,103 -$598,037	$3,713,326
24	$7,119,574	-$2,594,573 -$627,946	$3,897,055
25	$7,475,468	-$2,726,254 -$659,336	$4,089,878
26	$7,849,380	-$2,864,601 -$692,315	$4,292,464
27	$8,241,772	-$3,009,786 -$726,924	$4,505,062
28	$8,653,876	-$3,162,265 -$763,272	$4,728,339
29	$9,086,616	-$3,322,378 -$801,440	$4,962,798
30	$9,540,916	-$3,490,469 -$841,509	$5,208,938