Pennsylvania Lottery

PALottery 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 Pennsylvania, your state will take 3.07% 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.

Pennsylvania 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(3.07%)	$2,216,540
Net Lumpsum Payment	$43,309,130

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,317,854	-$817,936 -$71,158	$1,428,760
2	$2,433,816	-$860,842 -$74,718	$1,498,256
3	$2,555,476	-$905,857 -$78,453	$1,571,166
4	$2,683,296	-$953,150 -$82,377	$1,647,769
5	$2,817,430	-$1,002,779 -$86,495	$1,728,156
6	$2,958,340	-$1,054,916 -$90,821	$1,812,603
7	$3,106,180	-$1,109,617 -$95,360	$1,901,203
8	$3,261,566	-$1,167,110 -$100,130	$1,994,326
9	$3,424,652	-$1,227,452 -$105,137	$2,092,063
10	$3,595,900	-$1,290,813 -$110,394	$2,194,693
11	$3,775,618	-$1,357,309 -$115,911	$2,302,398
12	$3,964,422	-$1,427,167 -$121,708	$2,415,547
13	$4,162,620	-$1,500,500 -$127,792	$2,534,328
14	$4,370,828	-$1,577,537 -$134,184	$2,659,107
15	$4,589,354	-$1,658,391 -$140,893	$2,790,070
16	$4,818,814	-$1,743,292 -$147,938	$2,927,584
17	$5,059,670	-$1,832,408 -$155,332	$3,071,930
18	$5,312,692	-$1,926,026 -$163,100	$3,223,566
19	$5,578,342	-$2,024,317 -$171,255	$3,382,770
20	$5,857,236	-$2,127,508 -$179,817	$3,549,911
21	$6,150,144	-$2,235,884 -$188,809	$3,725,451
22	$6,457,682	-$2,349,673 -$198,251	$3,909,758
23	$6,780,466	-$2,469,103 -$208,160	$4,103,203
24	$7,119,574	-$2,594,573 -$218,571	$4,306,430
25	$7,475,468	-$2,726,254 -$229,497	$4,519,717
26	$7,849,380	-$2,864,601 -$240,976	$4,743,803
27	$8,241,772	-$3,009,786 -$253,022	$4,978,964
28	$8,653,876	-$3,162,265 -$265,674	$5,225,937
29	$9,086,616	-$3,322,378 -$278,959	$5,485,279
30	$9,540,916	-$3,490,469 -$292,906	$5,757,541