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 Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia 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(5.75%) | $4,151,500 | | Net Lumpsum Payment | $41,374,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$133,277 |
$1,366,641 |
| 2 |
$2,433,816 |
$860,842
$139,944 |
$1,433,030 |
| 3 |
$2,555,476 |
$905,857
$146,940 |
$1,502,679 |
| 4 |
$2,683,296 |
$953,150
$154,290 |
$1,575,856 |
| 5 |
$2,817,430 |
$1,002,779
$162,002 |
$1,652,649 |
| 6 |
$2,958,340 |
$1,054,916
$170,105 |
$1,733,319 |
| 7 |
$3,106,180 |
$1,109,617
$178,605 |
$1,817,958 |
| 8 |
$3,261,566 |
$1,167,110
$187,540 |
$1,906,916 |
| 9 |
$3,424,652 |
$1,227,452
$196,917 |
$2,000,283 |
| 10 |
$3,595,900 |
$1,290,813
$206,764 |
$2,098,323 |
| 11 |
$3,775,618 |
$1,357,309
$217,098 |
$2,201,211 |
| 12 |
$3,964,422 |
$1,427,167
$227,954 |
$2,309,301 |
| 13 |
$4,162,620 |
$1,500,500
$239,351 |
$2,422,769 |
| 14 |
$4,370,828 |
$1,577,537
$251,323 |
$2,541,968 |
| 15 |
$4,589,354 |
$1,658,391
$263,888 |
$2,667,075 |
| 16 |
$4,818,814 |
$1,743,292
$277,082 |
$2,798,440 |
| 17 |
$5,059,670 |
$1,832,408
$290,931 |
$2,936,331 |
| 18 |
$5,312,692 |
$1,926,026
$305,480 |
$3,081,186 |
| 19 |
$5,578,342 |
$2,024,317
$320,755 |
$3,233,270 |
| 20 |
$5,857,236 |
$2,127,508
$336,791 |
$3,392,937 |
| 21 |
$6,150,144 |
$2,235,884
$353,633 |
$3,560,627 |
| 22 |
$6,457,682 |
$2,349,673
$371,317 |
$3,736,692 |
| 23 |
$6,780,466 |
$2,469,103
$389,877 |
$3,921,486 |
| 24 |
$7,119,574 |
$2,594,573
$409,376 |
$4,115,625 |
| 25 |
$7,475,468 |
$2,726,254
$429,839 |
$4,319,375 |
| 26 |
$7,849,380 |
$2,864,601
$451,339 |
$4,533,440 |
| 27 |
$8,241,772 |
$3,009,786
$473,902 |
$4,758,084 |
| 28 |
$8,653,876 |
$3,162,265
$497,598 |
$4,994,013 |
| 29 |
$9,086,616 |
$3,322,378
$522,480 |
$5,241,758 |
| 30 |
$9,540,916 |
$3,490,469
$548,603 |
$5,501,844 |
|
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