The jackpot for the Powerball draw on Sat Feb 14, 2026, is projected to be $146 Million, with an option for a cash payout of $66.9 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 Sat Feb 14, 2026 |
|---|
| Draw Date | Sat Feb 14, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $66,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $66,900,000 | | Federal Tax(24%) | $16,056,000 | | Additional Federal Tax | $8,657,330 | | State Tax(4%) | $2,676,000 | | Net Lumpsum Payment | $39,510,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$87,898 |
$1,336,163 |
| 2 |
$2,307,384 |
$814,062
$92,295 |
$1,401,027 |
| 3 |
$2,422,724 |
$856,738
$96,909 |
$1,469,077 |
| 4 |
$2,543,904 |
$901,575
$101,756 |
$1,540,573 |
| 5 |
$2,671,070 |
$948,626
$106,843 |
$1,615,601 |
| 6 |
$2,804,660 |
$998,055
$112,186 |
$1,694,419 |
| 7 |
$2,944,820 |
$1,049,914
$117,793 |
$1,777,113 |
| 8 |
$3,092,134 |
$1,104,420
$123,685 |
$1,864,029 |
| 9 |
$3,246,748 |
$1,161,627
$129,870 |
$1,955,251 |
| 10 |
$3,409,100 |
$1,221,697
$136,364 |
$2,051,039 |
| 11 |
$3,579,482 |
$1,284,739
$143,179 |
$2,151,564 |
| 12 |
$3,758,478 |
$1,350,967
$150,339 |
$2,257,172 |
| 13 |
$3,946,380 |
$1,420,491
$157,855 |
$2,368,034 |
| 14 |
$4,143,772 |
$1,493,526
$165,751 |
$2,484,495 |
| 15 |
$4,350,946 |
$1,570,180
$174,038 |
$2,606,728 |
| 16 |
$4,568,486 |
$1,650,670
$182,739 |
$2,735,077 |
| 17 |
$4,796,830 |
$1,735,157
$191,873 |
$2,869,800 |
| 18 |
$5,036,708 |
$1,823,912
$201,468 |
$3,011,328 |
| 19 |
$5,288,558 |
$1,917,097
$211,542 |
$3,159,919 |
| 20 |
$5,552,964 |
$2,014,927
$222,119 |
$3,315,918 |
| 21 |
$5,830,656 |
$2,117,673
$233,226 |
$3,479,757 |
| 22 |
$6,122,218 |
$2,225,551
$244,889 |
$3,651,778 |
| 23 |
$6,428,234 |
$2,338,777
$257,129 |
$3,832,328 |
| 24 |
$6,749,726 |
$2,457,729
$269,989 |
$4,022,008 |
| 25 |
$7,087,132 |
$2,582,569
$283,485 |
$4,221,078 |
| 26 |
$7,441,620 |
$2,713,730
$297,665 |
$4,430,225 |
| 27 |
$7,813,628 |
$2,851,373
$312,545 |
$4,649,710 |
| 28 |
$8,204,324 |
$2,995,930
$328,173 |
$4,880,221 |
| 29 |
$8,614,584 |
$3,147,726
$344,583 |
$5,122,275 |
| 30 |
$9,045,284 |
$3,307,085
$361,811 |
$5,376,388 |
|
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