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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania 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(3.07%) | $2,735,370 | | Net Lumpsum Payment | $53,437,300 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$87,792 |
$1,753,482 |
| 2 |
$3,002,760 |
$1,071,352
$92,185 |
$1,839,223 |
| 3 |
$3,152,860 |
$1,126,889
$96,793 |
$1,929,178 |
| 4 |
$3,310,560 |
$1,185,238
$101,634 |
$2,023,688 |
| 5 |
$3,476,050 |
$1,246,469
$106,715 |
$2,122,866 |
| 6 |
$3,649,900 |
$1,310,793
$112,052 |
$2,227,055 |
| 7 |
$3,832,300 |
$1,378,281
$117,652 |
$2,336,367 |
| 8 |
$4,024,010 |
$1,449,214
$123,537 |
$2,451,259 |
| 9 |
$4,225,220 |
$1,523,662
$129,714 |
$2,571,844 |
| 10 |
$4,436,500 |
$1,601,835
$136,201 |
$2,698,464 |
| 11 |
$4,658,230 |
$1,683,875
$143,008 |
$2,831,347 |
| 12 |
$4,891,170 |
$1,770,063
$150,159 |
$2,970,948 |
| 13 |
$5,135,700 |
$1,860,539
$157,666 |
$3,117,495 |
| 14 |
$5,392,580 |
$1,955,585
$165,552 |
$3,271,443 |
| 15 |
$5,662,190 |
$2,055,341
$173,829 |
$3,433,020 |
| 16 |
$5,945,290 |
$2,160,088
$182,520 |
$3,602,682 |
| 17 |
$6,242,450 |
$2,270,037
$191,643 |
$3,780,770 |
| 18 |
$6,554,620 |
$2,385,540
$201,227 |
$3,967,853 |
| 19 |
$6,882,370 |
$2,506,807
$211,289 |
$4,164,274 |
| 20 |
$7,226,460 |
$2,634,121
$221,852 |
$4,370,487 |
| 21 |
$7,587,840 |
$2,767,831
$232,947 |
$4,587,062 |
| 22 |
$7,967,270 |
$2,908,220
$244,595 |
$4,814,455 |
| 23 |
$8,365,510 |
$3,055,569
$256,821 |
$5,053,120 |
| 24 |
$8,783,890 |
$3,210,370
$269,665 |
$5,303,855 |
| 25 |
$9,222,980 |
$3,372,833
$283,145 |
$5,567,002 |
| 26 |
$9,684,300 |
$3,543,521
$297,308 |
$5,843,471 |
| 27 |
$10,168,420 |
$3,722,646
$312,170 |
$6,133,604 |
| 28 |
$10,676,860 |
$3,910,769
$327,780 |
$6,438,311 |
| 29 |
$11,210,760 |
$4,108,312
$344,170 |
$6,758,278 |
| 30 |
$11,771,260 |
$4,315,697
$361,378 |
$7,094,185 |
|
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