The jackpot for the Powerball draw on Sat Feb 21, 2026, is projected to be $190 Million, with an option for a cash payout of $89.1 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 Nebraska residents, the state will deduct 5% from your lottery earnings.
| Nebraska Powerball Jackpot/Cash Option for Sat Feb 21, 2026 |
|---|
| Draw Date | Sat Feb 21, 2026 | | Projected Jackpot | $190,000,000 | | Cash Value | $89,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $89,100,000 | | Federal Tax(24%) | $21,384,000 | | Additional Federal Tax | $11,543,330 | | State Tax(5%) | $4,455,000 | | Net Lumpsum Payment | $51,717,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$142,985 |
$1,698,289 |
| 2 |
$3,002,760 |
$1,071,352
$150,138 |
$1,781,270 |
| 3 |
$3,152,860 |
$1,126,889
$157,643 |
$1,868,328 |
| 4 |
$3,310,560 |
$1,185,238
$165,528 |
$1,959,794 |
| 5 |
$3,476,050 |
$1,246,469
$173,803 |
$2,055,778 |
| 6 |
$3,649,900 |
$1,310,793
$182,495 |
$2,156,612 |
| 7 |
$3,832,300 |
$1,378,281
$191,615 |
$2,262,404 |
| 8 |
$4,024,010 |
$1,449,214
$201,201 |
$2,373,595 |
| 9 |
$4,225,220 |
$1,523,662
$211,261 |
$2,490,297 |
| 10 |
$4,436,500 |
$1,601,835
$221,825 |
$2,612,840 |
| 11 |
$4,658,230 |
$1,683,875
$232,912 |
$2,741,443 |
| 12 |
$4,891,170 |
$1,770,063
$244,559 |
$2,876,548 |
| 13 |
$5,135,700 |
$1,860,539
$256,785 |
$3,018,376 |
| 14 |
$5,392,580 |
$1,955,585
$269,629 |
$3,167,366 |
| 15 |
$5,662,190 |
$2,055,341
$283,110 |
$3,323,739 |
| 16 |
$5,945,290 |
$2,160,088
$297,265 |
$3,487,937 |
| 17 |
$6,242,450 |
$2,270,037
$312,123 |
$3,660,290 |
| 18 |
$6,554,620 |
$2,385,540
$327,731 |
$3,841,349 |
| 19 |
$6,882,370 |
$2,506,807
$344,119 |
$4,031,444 |
| 20 |
$7,226,460 |
$2,634,121
$361,323 |
$4,231,016 |
| 21 |
$7,587,840 |
$2,767,831
$379,392 |
$4,440,617 |
| 22 |
$7,967,270 |
$2,908,220
$398,364 |
$4,660,686 |
| 23 |
$8,365,510 |
$3,055,569
$418,276 |
$4,891,665 |
| 24 |
$8,783,890 |
$3,210,370
$439,195 |
$5,134,325 |
| 25 |
$9,222,980 |
$3,372,833
$461,149 |
$5,388,998 |
| 26 |
$9,684,300 |
$3,543,521
$484,215 |
$5,656,564 |
| 27 |
$10,168,420 |
$3,722,646
$508,421 |
$5,937,353 |
| 28 |
$10,676,860 |
$3,910,769
$533,843 |
$6,232,248 |
| 29 |
$11,210,760 |
$4,108,312
$560,538 |
$6,541,910 |
| 30 |
$11,771,260 |
$4,315,697
$588,563 |
$6,867,000 |
|
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