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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia 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(4%) | $2,312,000 | | Net Lumpsum Payment | $34,141,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,896,426 |
$662,008
$75,857 |
$1,158,561 |
| 2 |
$1,991,304 |
$697,113
$79,652 |
$1,214,539 |
| 3 |
$2,090,844 |
$733,943
$83,634 |
$1,273,267 |
| 4 |
$2,195,424 |
$772,637
$87,817 |
$1,334,970 |
| 5 |
$2,305,170 |
$813,243
$92,207 |
$1,399,720 |
| 6 |
$2,420,460 |
$855,901
$96,818 |
$1,467,741 |
| 7 |
$2,541,420 |
$900,656
$101,657 |
$1,539,107 |
| 8 |
$2,668,554 |
$947,695
$106,742 |
$1,614,117 |
| 9 |
$2,801,988 |
$997,066
$112,080 |
$1,692,842 |
| 10 |
$2,942,100 |
$1,048,907
$117,684 |
$1,775,509 |
| 11 |
$3,089,142 |
$1,103,313
$123,566 |
$1,862,263 |
| 12 |
$3,243,618 |
$1,160,469
$129,745 |
$1,953,404 |
| 13 |
$3,405,780 |
$1,220,469
$136,231 |
$2,049,080 |
| 14 |
$3,576,132 |
$1,283,499
$143,045 |
$2,149,588 |
| 15 |
$3,754,926 |
$1,349,653
$150,197 |
$2,255,076 |
| 16 |
$3,942,666 |
$1,419,117
$157,707 |
$2,365,842 |
| 17 |
$4,139,730 |
$1,492,030
$165,589 |
$2,482,111 |
| 18 |
$4,346,748 |
$1,568,627
$173,870 |
$2,604,251 |
| 19 |
$4,564,098 |
$1,649,047
$182,564 |
$2,732,487 |
| 20 |
$4,792,284 |
$1,733,475
$191,691 |
$2,867,118 |
| 21 |
$5,031,936 |
$1,822,147
$201,277 |
$3,008,512 |
| 22 |
$5,283,558 |
$1,915,247
$211,342 |
$3,156,969 |
| 23 |
$5,547,654 |
$2,012,962
$221,906 |
$3,312,786 |
| 24 |
$5,825,106 |
$2,115,620
$233,004 |
$3,476,482 |
| 25 |
$6,116,292 |
$2,223,358
$244,652 |
$3,648,282 |
| 26 |
$6,422,220 |
$2,336,552
$256,889 |
$3,828,779 |
| 27 |
$6,743,268 |
$2,455,340
$269,731 |
$4,018,197 |
| 28 |
$7,080,444 |
$2,580,095
$283,218 |
$4,217,131 |
| 29 |
$7,434,504 |
$2,711,097
$297,380 |
$4,426,027 |
| 30 |
$7,806,204 |
$2,848,626
$312,248 |
$4,645,330 |
|
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