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 Rhode Island residents, the state will deduct 5.99% from your lottery earnings.
| Rhode Island 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(5.99%) | $4,324,780 | | Net Lumpsum Payment | $41,200,890 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,317,854 |
$817,936
$138,839 |
$1,361,079 |
| 2 |
$2,433,816 |
$860,842
$145,786 |
$1,427,188 |
| 3 |
$2,555,476 |
$905,857
$153,073 |
$1,496,546 |
| 4 |
$2,683,296 |
$953,150
$160,729 |
$1,569,417 |
| 5 |
$2,817,430 |
$1,002,779
$168,764 |
$1,645,887 |
| 6 |
$2,958,340 |
$1,054,916
$177,205 |
$1,726,219 |
| 7 |
$3,106,180 |
$1,109,617
$186,060 |
$1,810,503 |
| 8 |
$3,261,566 |
$1,167,110
$195,368 |
$1,899,088 |
| 9 |
$3,424,652 |
$1,227,452
$205,137 |
$1,992,063 |
| 10 |
$3,595,900 |
$1,290,813
$215,394 |
$2,089,693 |
| 11 |
$3,775,618 |
$1,357,309
$226,160 |
$2,192,149 |
| 12 |
$3,964,422 |
$1,427,167
$237,469 |
$2,299,786 |
| 13 |
$4,162,620 |
$1,500,500
$249,341 |
$2,412,779 |
| 14 |
$4,370,828 |
$1,577,537
$261,813 |
$2,531,478 |
| 15 |
$4,589,354 |
$1,658,391
$274,902 |
$2,656,061 |
| 16 |
$4,818,814 |
$1,743,292
$288,647 |
$2,786,875 |
| 17 |
$5,059,670 |
$1,832,408
$303,074 |
$2,924,188 |
| 18 |
$5,312,692 |
$1,926,026
$318,230 |
$3,068,436 |
| 19 |
$5,578,342 |
$2,024,317
$334,143 |
$3,219,882 |
| 20 |
$5,857,236 |
$2,127,508
$350,848 |
$3,378,880 |
| 21 |
$6,150,144 |
$2,235,884
$368,394 |
$3,545,866 |
| 22 |
$6,457,682 |
$2,349,673
$386,815 |
$3,721,194 |
| 23 |
$6,780,466 |
$2,469,103
$406,150 |
$3,905,213 |
| 24 |
$7,119,574 |
$2,594,573
$426,462 |
$4,098,539 |
| 25 |
$7,475,468 |
$2,726,254
$447,781 |
$4,301,433 |
| 26 |
$7,849,380 |
$2,864,601
$470,178 |
$4,514,601 |
| 27 |
$8,241,772 |
$3,009,786
$493,682 |
$4,738,304 |
| 28 |
$8,653,876 |
$3,162,265
$518,367 |
$4,973,244 |
| 29 |
$9,086,616 |
$3,322,378
$544,288 |
$5,219,950 |
| 30 |
$9,540,916 |
$3,490,469
$571,501 |
$5,478,946 |
|
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