The jackpot for the Powerball draw on Wed Feb 11, 2026, is projected to be $126 Million, with an option for a cash payout of $57.8 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 Idaho residents, the state will deduct 5.8% from your lottery earnings.
| Idaho Powerball Jackpot/Cash Option for Wed Feb 11, 2026 |
|---|
| Draw Date | Wed Feb 11, 2026 | | Projected Jackpot | $126,000,000 | | Cash Value | $57,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,800,000 | | Federal Tax(24%) | $13,872,000 | | Additional Federal Tax | $7,474,330 | | State Tax(5.8%) | $3,352,400 | | Net Lumpsum Payment | $33,101,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,896,426 |
$662,008
$109,993 |
$1,124,425 |
| 2 |
$1,991,304 |
$697,113
$115,496 |
$1,178,695 |
| 3 |
$2,090,844 |
$733,943
$121,269 |
$1,235,632 |
| 4 |
$2,195,424 |
$772,637
$127,335 |
$1,295,452 |
| 5 |
$2,305,170 |
$813,243
$133,700 |
$1,358,227 |
| 6 |
$2,420,460 |
$855,901
$140,387 |
$1,424,172 |
| 7 |
$2,541,420 |
$900,656
$147,402 |
$1,493,362 |
| 8 |
$2,668,554 |
$947,695
$154,776 |
$1,566,083 |
| 9 |
$2,801,988 |
$997,066
$162,515 |
$1,642,407 |
| 10 |
$2,942,100 |
$1,048,907
$170,642 |
$1,722,551 |
| 11 |
$3,089,142 |
$1,103,313
$179,170 |
$1,806,659 |
| 12 |
$3,243,618 |
$1,160,469
$188,130 |
$1,895,019 |
| 13 |
$3,405,780 |
$1,220,469
$197,535 |
$1,987,776 |
| 14 |
$3,576,132 |
$1,283,499
$207,416 |
$2,085,217 |
| 15 |
$3,754,926 |
$1,349,653
$217,786 |
$2,187,487 |
| 16 |
$3,942,666 |
$1,419,117
$228,675 |
$2,294,874 |
| 17 |
$4,139,730 |
$1,492,030
$240,104 |
$2,407,596 |
| 18 |
$4,346,748 |
$1,568,627
$252,111 |
$2,526,010 |
| 19 |
$4,564,098 |
$1,649,047
$264,718 |
$2,650,333 |
| 20 |
$4,792,284 |
$1,733,475
$277,952 |
$2,780,857 |
| 21 |
$5,031,936 |
$1,822,147
$291,852 |
$2,917,937 |
| 22 |
$5,283,558 |
$1,915,247
$306,446 |
$3,061,865 |
| 23 |
$5,547,654 |
$2,012,962
$321,764 |
$3,212,928 |
| 24 |
$5,825,106 |
$2,115,620
$337,856 |
$3,371,630 |
| 25 |
$6,116,292 |
$2,223,358
$354,745 |
$3,538,189 |
| 26 |
$6,422,220 |
$2,336,552
$372,489 |
$3,713,179 |
| 27 |
$6,743,268 |
$2,455,340
$391,110 |
$3,896,818 |
| 28 |
$7,080,444 |
$2,580,095
$410,666 |
$4,089,683 |
| 29 |
$7,434,504 |
$2,711,097
$431,201 |
$4,292,206 |
| 30 |
$7,806,204 |
$2,848,626
$452,760 |
$4,504,818 |
|
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