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 Oregon residents, the state will deduct 8% from your lottery earnings.
| Oregon 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(8%) | $5,776,000 | | Net Lumpsum Payment | $39,749,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$185,428 |
$1,314,490 |
| 2 |
$2,433,816 |
$860,842
$194,705 |
$1,378,269 |
| 3 |
$2,555,476 |
$905,857
$204,438 |
$1,445,181 |
| 4 |
$2,683,296 |
$953,150
$214,664 |
$1,515,482 |
| 5 |
$2,817,430 |
$1,002,779
$225,394 |
$1,589,257 |
| 6 |
$2,958,340 |
$1,054,916
$236,667 |
$1,666,757 |
| 7 |
$3,106,180 |
$1,109,617
$248,494 |
$1,748,069 |
| 8 |
$3,261,566 |
$1,167,110
$260,925 |
$1,833,531 |
| 9 |
$3,424,652 |
$1,227,452
$273,972 |
$1,923,228 |
| 10 |
$3,595,900 |
$1,290,813
$287,672 |
$2,017,415 |
| 11 |
$3,775,618 |
$1,357,309
$302,049 |
$2,116,260 |
| 12 |
$3,964,422 |
$1,427,167
$317,154 |
$2,220,101 |
| 13 |
$4,162,620 |
$1,500,500
$333,010 |
$2,329,110 |
| 14 |
$4,370,828 |
$1,577,537
$349,666 |
$2,443,625 |
| 15 |
$4,589,354 |
$1,658,391
$367,148 |
$2,563,815 |
| 16 |
$4,818,814 |
$1,743,292
$385,505 |
$2,690,017 |
| 17 |
$5,059,670 |
$1,832,408
$404,774 |
$2,822,488 |
| 18 |
$5,312,692 |
$1,926,026
$425,015 |
$2,961,651 |
| 19 |
$5,578,342 |
$2,024,317
$446,267 |
$3,107,758 |
| 20 |
$5,857,236 |
$2,127,508
$468,579 |
$3,261,149 |
| 21 |
$6,150,144 |
$2,235,884
$492,012 |
$3,422,248 |
| 22 |
$6,457,682 |
$2,349,673
$516,615 |
$3,591,394 |
| 23 |
$6,780,466 |
$2,469,103
$542,437 |
$3,768,926 |
| 24 |
$7,119,574 |
$2,594,573
$569,566 |
$3,955,435 |
| 25 |
$7,475,468 |
$2,726,254
$598,037 |
$4,151,177 |
| 26 |
$7,849,380 |
$2,864,601
$627,950 |
$4,356,829 |
| 27 |
$8,241,772 |
$3,009,786
$659,342 |
$4,572,644 |
| 28 |
$8,653,876 |
$3,162,265
$692,310 |
$4,799,301 |
| 29 |
$9,086,616 |
$3,322,378
$726,929 |
$5,037,309 |
| 30 |
$9,540,916 |
$3,490,469
$763,273 |
$5,287,174 |
|
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