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 Nebraska residents, the state will deduct 5% from your lottery earnings.
| Nebraska 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%) | $2,890,000 | | Net Lumpsum Payment | $33,563,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,896,426 |
$662,008
$94,821 |
$1,139,597 |
| 2 |
$1,991,304 |
$697,113
$99,565 |
$1,194,626 |
| 3 |
$2,090,844 |
$733,943
$104,542 |
$1,252,359 |
| 4 |
$2,195,424 |
$772,637
$109,771 |
$1,313,016 |
| 5 |
$2,305,170 |
$813,243
$115,259 |
$1,376,668 |
| 6 |
$2,420,460 |
$855,901
$121,023 |
$1,443,536 |
| 7 |
$2,541,420 |
$900,656
$127,071 |
$1,513,693 |
| 8 |
$2,668,554 |
$947,695
$133,428 |
$1,587,431 |
| 9 |
$2,801,988 |
$997,066
$140,099 |
$1,664,823 |
| 10 |
$2,942,100 |
$1,048,907
$147,105 |
$1,746,088 |
| 11 |
$3,089,142 |
$1,103,313
$154,457 |
$1,831,372 |
| 12 |
$3,243,618 |
$1,160,469
$162,181 |
$1,920,968 |
| 13 |
$3,405,780 |
$1,220,469
$170,289 |
$2,015,022 |
| 14 |
$3,576,132 |
$1,283,499
$178,807 |
$2,113,826 |
| 15 |
$3,754,926 |
$1,349,653
$187,746 |
$2,217,527 |
| 16 |
$3,942,666 |
$1,419,117
$197,133 |
$2,326,416 |
| 17 |
$4,139,730 |
$1,492,030
$206,987 |
$2,440,713 |
| 18 |
$4,346,748 |
$1,568,627
$217,337 |
$2,560,784 |
| 19 |
$4,564,098 |
$1,649,047
$228,205 |
$2,686,846 |
| 20 |
$4,792,284 |
$1,733,475
$239,614 |
$2,819,195 |
| 21 |
$5,031,936 |
$1,822,147
$251,597 |
$2,958,192 |
| 22 |
$5,283,558 |
$1,915,247
$264,178 |
$3,104,133 |
| 23 |
$5,547,654 |
$2,012,962
$277,383 |
$3,257,309 |
| 24 |
$5,825,106 |
$2,115,620
$291,255 |
$3,418,231 |
| 25 |
$6,116,292 |
$2,223,358
$305,815 |
$3,587,119 |
| 26 |
$6,422,220 |
$2,336,552
$321,111 |
$3,764,557 |
| 27 |
$6,743,268 |
$2,455,340
$337,163 |
$3,950,765 |
| 28 |
$7,080,444 |
$2,580,095
$354,022 |
$4,146,327 |
| 29 |
$7,434,504 |
$2,711,097
$371,725 |
$4,351,682 |
| 30 |
$7,806,204 |
$2,848,626
$390,310 |
$4,567,268 |
|
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