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 New Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey 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(8%) | $4,624,000 | | Net Lumpsum Payment | $31,829,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,896,426 |
$662,008
$151,714 |
$1,082,704 |
| 2 |
$1,991,304 |
$697,113
$159,304 |
$1,134,887 |
| 3 |
$2,090,844 |
$733,943
$167,268 |
$1,189,633 |
| 4 |
$2,195,424 |
$772,637
$175,634 |
$1,247,153 |
| 5 |
$2,305,170 |
$813,243
$184,414 |
$1,307,513 |
| 6 |
$2,420,460 |
$855,901
$193,637 |
$1,370,922 |
| 7 |
$2,541,420 |
$900,656
$203,314 |
$1,437,450 |
| 8 |
$2,668,554 |
$947,695
$213,484 |
$1,507,375 |
| 9 |
$2,801,988 |
$997,066
$224,159 |
$1,580,763 |
| 10 |
$2,942,100 |
$1,048,907
$235,368 |
$1,657,825 |
| 11 |
$3,089,142 |
$1,103,313
$247,131 |
$1,738,698 |
| 12 |
$3,243,618 |
$1,160,469
$259,489 |
$1,823,660 |
| 13 |
$3,405,780 |
$1,220,469
$272,462 |
$1,912,849 |
| 14 |
$3,576,132 |
$1,283,499
$286,091 |
$2,006,542 |
| 15 |
$3,754,926 |
$1,349,653
$300,394 |
$2,104,879 |
| 16 |
$3,942,666 |
$1,419,117
$315,413 |
$2,208,136 |
| 17 |
$4,139,730 |
$1,492,030
$331,178 |
$2,316,522 |
| 18 |
$4,346,748 |
$1,568,627
$347,740 |
$2,430,381 |
| 19 |
$4,564,098 |
$1,649,047
$365,128 |
$2,549,923 |
| 20 |
$4,792,284 |
$1,733,475
$383,383 |
$2,675,426 |
| 21 |
$5,031,936 |
$1,822,147
$402,555 |
$2,807,234 |
| 22 |
$5,283,558 |
$1,915,247
$422,685 |
$2,945,626 |
| 23 |
$5,547,654 |
$2,012,962
$443,812 |
$3,090,880 |
| 24 |
$5,825,106 |
$2,115,620
$466,008 |
$3,243,478 |
| 25 |
$6,116,292 |
$2,223,358
$489,303 |
$3,403,631 |
| 26 |
$6,422,220 |
$2,336,552
$513,778 |
$3,571,890 |
| 27 |
$6,743,268 |
$2,455,340
$539,461 |
$3,748,467 |
| 28 |
$7,080,444 |
$2,580,095
$566,436 |
$3,933,913 |
| 29 |
$7,434,504 |
$2,711,097
$594,760 |
$4,128,647 |
| 30 |
$7,806,204 |
$2,848,626
$624,496 |
$4,333,082 |
|
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