Oklahoma Lottery

OKLottery 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 Oklahoma, your state will take 4.75% 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.

Oklahoma 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(4.75%)	$3,429,500
Net Lumpsum Payment	$42,096,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$110,098	$1,389,820
2	$2,433,816	-$860,842 -$115,606	$1,457,368
3	$2,555,476	-$905,857 -$121,385	$1,528,234
4	$2,683,296	-$953,150 -$127,457	$1,602,689
5	$2,817,430	-$1,002,779 -$133,828	$1,680,823
6	$2,958,340	-$1,054,916 -$140,521	$1,762,903
7	$3,106,180	-$1,109,617 -$147,544	$1,849,019
8	$3,261,566	-$1,167,110 -$154,924	$1,939,532
9	$3,424,652	-$1,227,452 -$162,671	$2,034,529
10	$3,595,900	-$1,290,813 -$170,805	$2,134,282
11	$3,775,618	-$1,357,309 -$179,342	$2,238,967
12	$3,964,422	-$1,427,167 -$188,310	$2,348,945
13	$4,162,620	-$1,500,500 -$197,724	$2,464,396
14	$4,370,828	-$1,577,537 -$207,614	$2,585,677
15	$4,589,354	-$1,658,391 -$217,994	$2,712,969
16	$4,818,814	-$1,743,292 -$228,894	$2,846,628
17	$5,059,670	-$1,832,408 -$240,334	$2,986,928
18	$5,312,692	-$1,926,026 -$252,353	$3,134,313
19	$5,578,342	-$2,024,317 -$264,971	$3,289,054
20	$5,857,236	-$2,127,508 -$278,219	$3,451,509
21	$6,150,144	-$2,235,884 -$292,132	$3,622,128
22	$6,457,682	-$2,349,673 -$306,740	$3,801,269
23	$6,780,466	-$2,469,103 -$322,072	$3,989,291
24	$7,119,574	-$2,594,573 -$338,180	$4,186,821
25	$7,475,468	-$2,726,254 -$355,085	$4,394,129
26	$7,849,380	-$2,864,601 -$372,846	$4,611,933
27	$8,241,772	-$3,009,786 -$391,484	$4,840,502
28	$8,653,876	-$3,162,265 -$411,059	$5,080,552
29	$9,086,616	-$3,322,378 -$431,614	$5,332,624
30	$9,540,916	-$3,490,469 -$453,194	$5,597,253