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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado 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(4%) | $2,888,000 | | Net Lumpsum Payment | $42,637,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$92,714 |
$1,407,204 |
| 2 |
$2,433,816 |
$860,842
$97,353 |
$1,475,621 |
| 3 |
$2,555,476 |
$905,857
$102,219 |
$1,547,400 |
| 4 |
$2,683,296 |
$953,150
$107,332 |
$1,622,814 |
| 5 |
$2,817,430 |
$1,002,779
$112,697 |
$1,701,954 |
| 6 |
$2,958,340 |
$1,054,916
$118,334 |
$1,785,090 |
| 7 |
$3,106,180 |
$1,109,617
$124,247 |
$1,872,316 |
| 8 |
$3,261,566 |
$1,167,110
$130,463 |
$1,963,993 |
| 9 |
$3,424,652 |
$1,227,452
$136,986 |
$2,060,214 |
| 10 |
$3,595,900 |
$1,290,813
$143,836 |
$2,161,251 |
| 11 |
$3,775,618 |
$1,357,309
$151,025 |
$2,267,284 |
| 12 |
$3,964,422 |
$1,427,167
$158,577 |
$2,378,678 |
| 13 |
$4,162,620 |
$1,500,500
$166,505 |
$2,495,615 |
| 14 |
$4,370,828 |
$1,577,537
$174,833 |
$2,618,458 |
| 15 |
$4,589,354 |
$1,658,391
$183,574 |
$2,747,389 |
| 16 |
$4,818,814 |
$1,743,292
$192,753 |
$2,882,769 |
| 17 |
$5,059,670 |
$1,832,408
$202,387 |
$3,024,875 |
| 18 |
$5,312,692 |
$1,926,026
$212,508 |
$3,174,158 |
| 19 |
$5,578,342 |
$2,024,317
$223,134 |
$3,330,891 |
| 20 |
$5,857,236 |
$2,127,508
$234,289 |
$3,495,439 |
| 21 |
$6,150,144 |
$2,235,884
$246,006 |
$3,668,254 |
| 22 |
$6,457,682 |
$2,349,673
$258,307 |
$3,849,702 |
| 23 |
$6,780,466 |
$2,469,103
$271,219 |
$4,040,144 |
| 24 |
$7,119,574 |
$2,594,573
$284,783 |
$4,240,218 |
| 25 |
$7,475,468 |
$2,726,254
$299,019 |
$4,450,195 |
| 26 |
$7,849,380 |
$2,864,601
$313,975 |
$4,670,804 |
| 27 |
$8,241,772 |
$3,009,786
$329,671 |
$4,902,315 |
| 28 |
$8,653,876 |
$3,162,265
$346,155 |
$5,145,456 |
| 29 |
$9,086,616 |
$3,322,378
$363,465 |
$5,400,773 |
| 30 |
$9,540,916 |
$3,490,469
$381,637 |
$5,668,810 |
|
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