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 Louisiana residents, the state will deduct 4.75% from your lottery earnings.
| Louisiana 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(4.75%) | $3,429,500 | | Net Lumpsum Payment | $42,096,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$110,098 |
$1,389,820 |
| 2 |
$2,433,816 |
$860,842
$115,606 |
$1,457,368 |
| 3 |
$2,555,476 |
$905,857
$121,385 |
$1,528,234 |
| 4 |
$2,683,296 |
$953,150
$127,457 |
$1,602,689 |
| 5 |
$2,817,430 |
$1,002,779
$133,828 |
$1,680,823 |
| 6 |
$2,958,340 |
$1,054,916
$140,521 |
$1,762,903 |
| 7 |
$3,106,180 |
$1,109,617
$147,544 |
$1,849,019 |
| 8 |
$3,261,566 |
$1,167,110
$154,924 |
$1,939,532 |
| 9 |
$3,424,652 |
$1,227,452
$162,671 |
$2,034,529 |
| 10 |
$3,595,900 |
$1,290,813
$170,805 |
$2,134,282 |
| 11 |
$3,775,618 |
$1,357,309
$179,342 |
$2,238,967 |
| 12 |
$3,964,422 |
$1,427,167
$188,310 |
$2,348,945 |
| 13 |
$4,162,620 |
$1,500,500
$197,724 |
$2,464,396 |
| 14 |
$4,370,828 |
$1,577,537
$207,614 |
$2,585,677 |
| 15 |
$4,589,354 |
$1,658,391
$217,994 |
$2,712,969 |
| 16 |
$4,818,814 |
$1,743,292
$228,894 |
$2,846,628 |
| 17 |
$5,059,670 |
$1,832,408
$240,334 |
$2,986,928 |
| 18 |
$5,312,692 |
$1,926,026
$252,353 |
$3,134,313 |
| 19 |
$5,578,342 |
$2,024,317
$264,971 |
$3,289,054 |
| 20 |
$5,857,236 |
$2,127,508
$278,219 |
$3,451,509 |
| 21 |
$6,150,144 |
$2,235,884
$292,132 |
$3,622,128 |
| 22 |
$6,457,682 |
$2,349,673
$306,740 |
$3,801,269 |
| 23 |
$6,780,466 |
$2,469,103
$322,072 |
$3,989,291 |
| 24 |
$7,119,574 |
$2,594,573
$338,180 |
$4,186,821 |
| 25 |
$7,475,468 |
$2,726,254
$355,085 |
$4,394,129 |
| 26 |
$7,849,380 |
$2,864,601
$372,846 |
$4,611,933 |
| 27 |
$8,241,772 |
$3,009,786
$391,484 |
$4,840,502 |
| 28 |
$8,653,876 |
$3,162,265
$411,059 |
$5,080,552 |
| 29 |
$9,086,616 |
$3,322,378
$431,614 |
$5,332,624 |
| 30 |
$9,540,916 |
$3,490,469
$453,194 |
$5,597,253 |
|
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