The jackpot for the Powerball draw on Wed Feb 18, 2026, is projected to be $169 Million, with an option for a cash payout of $79.2 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 South Carolina residents, the state will deduct 6.9% from your lottery earnings.
| South Carolina Powerball Jackpot/Cash Option for Wed Feb 18, 2026 |
|---|
| Draw Date | Wed Feb 18, 2026 | | Projected Jackpot | $169,000,000 | | Cash Value | $79,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,200,000 | | Federal Tax(24%) | $19,008,000 | | Additional Federal Tax | $10,256,330 | | State Tax(6.9%) | $5,464,800 | | Net Lumpsum Payment | $44,470,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,543,619 |
$901,469
$175,510 |
$1,466,640 |
| 2 |
$2,670,876 |
$948,555
$184,290 |
$1,538,031 |
| 3 |
$2,804,386 |
$997,953
$193,503 |
$1,612,930 |
| 4 |
$2,944,656 |
$1,049,853
$203,181 |
$1,691,622 |
| 5 |
$3,091,855 |
$1,104,317
$213,338 |
$1,774,200 |
| 6 |
$3,246,490 |
$1,161,532
$224,008 |
$1,860,950 |
| 7 |
$3,408,730 |
$1,221,560
$235,202 |
$1,951,968 |
| 8 |
$3,579,251 |
$1,284,653
$246,968 |
$2,047,630 |
| 9 |
$3,758,222 |
$1,350,873
$259,317 |
$2,148,032 |
| 10 |
$3,946,150 |
$1,420,406
$272,284 |
$2,253,460 |
| 11 |
$4,143,373 |
$1,493,378
$285,893 |
$2,364,102 |
| 12 |
$4,350,567 |
$1,570,040
$300,189 |
$2,480,338 |
| 13 |
$4,568,070 |
$1,650,516
$315,197 |
$2,602,357 |
| 14 |
$4,796,558 |
$1,735,057
$330,963 |
$2,730,538 |
| 15 |
$5,036,369 |
$1,823,787
$347,509 |
$2,865,073 |
| 16 |
$5,288,179 |
$1,916,957
$364,884 |
$3,006,338 |
| 17 |
$5,552,495 |
$2,014,754
$383,122 |
$3,154,619 |
| 18 |
$5,830,162 |
$2,117,490
$402,281 |
$3,310,391 |
| 19 |
$6,121,687 |
$2,225,355
$422,396 |
$3,473,936 |
| 20 |
$6,427,746 |
$2,338,596
$443,514 |
$3,645,636 |
| 21 |
$6,749,184 |
$2,457,528
$465,694 |
$3,825,962 |
| 22 |
$7,086,677 |
$2,582,401
$488,981 |
$4,015,295 |
| 23 |
$7,440,901 |
$2,713,464
$513,422 |
$4,214,015 |
| 24 |
$7,813,039 |
$2,851,155
$539,100 |
$4,422,784 |
| 25 |
$8,203,598 |
$2,995,662
$566,048 |
$4,641,888 |
| 26 |
$8,613,930 |
$3,147,484
$594,361 |
$4,872,085 |
| 27 |
$9,044,542 |
$3,306,811
$624,073 |
$5,113,658 |
| 28 |
$9,496,786 |
$3,474,141
$655,278 |
$5,367,367 |
| 29 |
$9,971,676 |
$3,649,851
$688,046 |
$5,633,779 |
| 30 |
$10,470,226 |
$3,834,314
$722,446 |
$5,913,466 |
|
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