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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine 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%) | $3,610,000 | | Net Lumpsum Payment | $41,915,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$115,893 |
$1,384,025 |
| 2 |
$2,433,816 |
$860,842
$121,691 |
$1,451,283 |
| 3 |
$2,555,476 |
$905,857
$127,774 |
$1,521,845 |
| 4 |
$2,683,296 |
$953,150
$134,165 |
$1,595,981 |
| 5 |
$2,817,430 |
$1,002,779
$140,872 |
$1,673,779 |
| 6 |
$2,958,340 |
$1,054,916
$147,917 |
$1,755,507 |
| 7 |
$3,106,180 |
$1,109,617
$155,309 |
$1,841,254 |
| 8 |
$3,261,566 |
$1,167,110
$163,078 |
$1,931,378 |
| 9 |
$3,424,652 |
$1,227,452
$171,233 |
$2,025,967 |
| 10 |
$3,595,900 |
$1,290,813
$179,795 |
$2,125,292 |
| 11 |
$3,775,618 |
$1,357,309
$188,781 |
$2,229,528 |
| 12 |
$3,964,422 |
$1,427,167
$198,221 |
$2,339,034 |
| 13 |
$4,162,620 |
$1,500,500
$208,131 |
$2,453,989 |
| 14 |
$4,370,828 |
$1,577,537
$218,541 |
$2,574,750 |
| 15 |
$4,589,354 |
$1,658,391
$229,468 |
$2,701,495 |
| 16 |
$4,818,814 |
$1,743,292
$240,941 |
$2,834,581 |
| 17 |
$5,059,670 |
$1,832,408
$252,984 |
$2,974,278 |
| 18 |
$5,312,692 |
$1,926,026
$265,635 |
$3,121,031 |
| 19 |
$5,578,342 |
$2,024,317
$278,917 |
$3,275,108 |
| 20 |
$5,857,236 |
$2,127,508
$292,862 |
$3,436,866 |
| 21 |
$6,150,144 |
$2,235,884
$307,507 |
$3,606,753 |
| 22 |
$6,457,682 |
$2,349,673
$322,884 |
$3,785,125 |
| 23 |
$6,780,466 |
$2,469,103
$339,023 |
$3,972,340 |
| 24 |
$7,119,574 |
$2,594,573
$355,979 |
$4,169,022 |
| 25 |
$7,475,468 |
$2,726,254
$373,773 |
$4,375,441 |
| 26 |
$7,849,380 |
$2,864,601
$392,469 |
$4,592,310 |
| 27 |
$8,241,772 |
$3,009,786
$412,089 |
$4,819,897 |
| 28 |
$8,653,876 |
$3,162,265
$432,694 |
$5,058,917 |
| 29 |
$9,086,616 |
$3,322,378
$454,331 |
$5,309,907 |
| 30 |
$9,540,916 |
$3,490,469
$477,046 |
$5,573,401 |
|
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