The jackpot for the Powerball draw on Wed Feb 18, 2026, is projected to be $169 Million, with an option for a cash payout of $79.2 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 Connecticut residents, the state will deduct 6.99% from your lottery earnings.
| Connecticut Powerball Jackpot/Cash Option for Wed Feb 18, 2026 |
|---|
| Draw Date | Wed Feb 18, 2026 | | Projected Jackpot | $169,000,000 | | Cash Value | $79,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,200,000 | | Federal Tax(24%) | $19,008,000 | | Additional Federal Tax | $10,256,330 | | State Tax(6.99%) | $5,536,080 | | Net Lumpsum Payment | $44,399,590 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,543,619 |
$901,469
$177,799 |
$1,464,351 |
| 2 |
$2,670,876 |
$948,555
$186,694 |
$1,535,627 |
| 3 |
$2,804,386 |
$997,953
$196,027 |
$1,610,406 |
| 4 |
$2,944,656 |
$1,049,853
$205,831 |
$1,688,972 |
| 5 |
$3,091,855 |
$1,104,317
$216,121 |
$1,771,417 |
| 6 |
$3,246,490 |
$1,161,532
$226,930 |
$1,858,028 |
| 7 |
$3,408,730 |
$1,221,560
$238,270 |
$1,948,900 |
| 8 |
$3,579,251 |
$1,284,653
$250,190 |
$2,044,408 |
| 9 |
$3,758,222 |
$1,350,873
$262,700 |
$2,144,649 |
| 10 |
$3,946,150 |
$1,420,406
$275,836 |
$2,249,908 |
| 11 |
$4,143,373 |
$1,493,378
$289,622 |
$2,360,373 |
| 12 |
$4,350,567 |
$1,570,040
$304,105 |
$2,476,422 |
| 13 |
$4,568,070 |
$1,650,516
$319,308 |
$2,598,246 |
| 14 |
$4,796,558 |
$1,735,057
$335,279 |
$2,726,222 |
| 15 |
$5,036,369 |
$1,823,787
$352,042 |
$2,860,540 |
| 16 |
$5,288,179 |
$1,916,957
$369,644 |
$3,001,578 |
| 17 |
$5,552,495 |
$2,014,754
$388,119 |
$3,149,622 |
| 18 |
$5,830,162 |
$2,117,490
$407,528 |
$3,305,144 |
| 19 |
$6,121,687 |
$2,225,355
$427,906 |
$3,468,426 |
| 20 |
$6,427,746 |
$2,338,596
$449,299 |
$3,639,851 |
| 21 |
$6,749,184 |
$2,457,528
$471,768 |
$3,819,888 |
| 22 |
$7,086,677 |
$2,582,401
$495,359 |
$4,008,917 |
| 23 |
$7,440,901 |
$2,713,464
$520,119 |
$4,207,318 |
| 24 |
$7,813,039 |
$2,851,155
$546,131 |
$4,415,753 |
| 25 |
$8,203,598 |
$2,995,662
$573,432 |
$4,634,504 |
| 26 |
$8,613,930 |
$3,147,484
$602,114 |
$4,864,332 |
| 27 |
$9,044,542 |
$3,306,811
$632,213 |
$5,105,518 |
| 28 |
$9,496,786 |
$3,474,141
$663,825 |
$5,358,820 |
| 29 |
$9,971,676 |
$3,649,851
$697,020 |
$5,624,805 |
| 30 |
$10,470,226 |
$3,834,314
$731,869 |
$5,904,043 |
|
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