The jackpot for the Powerball draw on Mon Feb 16, 2026, is projected to be $154 Million, with an option for a cash payout of $72.2 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 Arizona residents, the state will deduct 2.5% from your lottery earnings.
| Arizona Powerball Jackpot/Cash Option for Mon Feb 16, 2026 |
|---|
| Draw Date | Mon Feb 16, 2026 | | Projected Jackpot | $154,000,000 | | Cash Value | $72,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,200,000 | | Federal Tax(24%) | $17,328,000 | | Additional Federal Tax | $9,346,330 | | State Tax(2.5%) | $1,805,000 | | Net Lumpsum Payment | $43,720,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$57,946 |
$1,441,972 |
| 2 |
$2,433,816 |
$860,842
$60,845 |
$1,512,129 |
| 3 |
$2,555,476 |
$905,857
$63,887 |
$1,585,732 |
| 4 |
$2,683,296 |
$953,150
$67,082 |
$1,663,064 |
| 5 |
$2,817,430 |
$1,002,779
$70,436 |
$1,744,215 |
| 6 |
$2,958,340 |
$1,054,916
$73,959 |
$1,829,465 |
| 7 |
$3,106,180 |
$1,109,617
$77,655 |
$1,918,908 |
| 8 |
$3,261,566 |
$1,167,110
$81,539 |
$2,012,917 |
| 9 |
$3,424,652 |
$1,227,452
$85,616 |
$2,111,584 |
| 10 |
$3,595,900 |
$1,290,813
$89,898 |
$2,215,189 |
| 11 |
$3,775,618 |
$1,357,309
$94,390 |
$2,323,919 |
| 12 |
$3,964,422 |
$1,427,167
$99,111 |
$2,438,144 |
| 13 |
$4,162,620 |
$1,500,500
$104,066 |
$2,558,054 |
| 14 |
$4,370,828 |
$1,577,537
$109,271 |
$2,684,020 |
| 15 |
$4,589,354 |
$1,658,391
$114,734 |
$2,816,229 |
| 16 |
$4,818,814 |
$1,743,292
$120,470 |
$2,955,052 |
| 17 |
$5,059,670 |
$1,832,408
$126,492 |
$3,100,770 |
| 18 |
$5,312,692 |
$1,926,026
$132,817 |
$3,253,849 |
| 19 |
$5,578,342 |
$2,024,317
$139,459 |
$3,414,566 |
| 20 |
$5,857,236 |
$2,127,508
$146,431 |
$3,583,297 |
| 21 |
$6,150,144 |
$2,235,884
$153,754 |
$3,760,506 |
| 22 |
$6,457,682 |
$2,349,673
$161,442 |
$3,946,567 |
| 23 |
$6,780,466 |
$2,469,103
$169,512 |
$4,141,851 |
| 24 |
$7,119,574 |
$2,594,573
$177,989 |
$4,347,012 |
| 25 |
$7,475,468 |
$2,726,254
$186,887 |
$4,562,327 |
| 26 |
$7,849,380 |
$2,864,601
$196,235 |
$4,788,544 |
| 27 |
$8,241,772 |
$3,009,786
$206,044 |
$5,025,942 |
| 28 |
$8,653,876 |
$3,162,265
$216,347 |
$5,275,264 |
| 29 |
$9,086,616 |
$3,322,378
$227,165 |
$5,537,073 |
| 30 |
$9,540,916 |
$3,490,469
$238,523 |
$5,811,924 |
|
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