The jackpot for the Powerball draw on Wed Feb 18, 2026, is projected to be $169 Million, with an option for a cash payout of $79.2 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 Mexico residents, the state will deduct 5.9% from your lottery earnings.
| New Mexico Powerball Jackpot/Cash Option for Wed Feb 18, 2026 |
|---|
| Draw Date | Wed Feb 18, 2026 | | Projected Jackpot | $169,000,000 | | Cash Value | $79,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,200,000 | | Federal Tax(24%) | $19,008,000 | | Additional Federal Tax | $10,256,330 | | State Tax(5.9%) | $4,672,800 | | Net Lumpsum Payment | $45,262,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,543,619 |
$901,469
$150,074 |
$1,492,076 |
| 2 |
$2,670,876 |
$948,555
$157,582 |
$1,564,739 |
| 3 |
$2,804,386 |
$997,953
$165,459 |
$1,640,974 |
| 4 |
$2,944,656 |
$1,049,853
$173,735 |
$1,721,068 |
| 5 |
$3,091,855 |
$1,104,317
$182,419 |
$1,805,119 |
| 6 |
$3,246,490 |
$1,161,532
$191,543 |
$1,893,415 |
| 7 |
$3,408,730 |
$1,221,560
$201,115 |
$1,986,055 |
| 8 |
$3,579,251 |
$1,284,653
$211,176 |
$2,083,422 |
| 9 |
$3,758,222 |
$1,350,873
$221,735 |
$2,185,614 |
| 10 |
$3,946,150 |
$1,420,406
$232,823 |
$2,292,921 |
| 11 |
$4,143,373 |
$1,493,378
$244,459 |
$2,405,536 |
| 12 |
$4,350,567 |
$1,570,040
$256,683 |
$2,523,844 |
| 13 |
$4,568,070 |
$1,650,516
$269,516 |
$2,648,038 |
| 14 |
$4,796,558 |
$1,735,057
$282,997 |
$2,778,504 |
| 15 |
$5,036,369 |
$1,823,787
$297,146 |
$2,915,436 |
| 16 |
$5,288,179 |
$1,916,957
$312,003 |
$3,059,219 |
| 17 |
$5,552,495 |
$2,014,754
$327,597 |
$3,210,144 |
| 18 |
$5,830,162 |
$2,117,490
$343,980 |
$3,368,692 |
| 19 |
$6,121,687 |
$2,225,355
$361,180 |
$3,535,152 |
| 20 |
$6,427,746 |
$2,338,596
$379,237 |
$3,709,913 |
| 21 |
$6,749,184 |
$2,457,528
$398,202 |
$3,893,454 |
| 22 |
$7,086,677 |
$2,582,401
$418,114 |
$4,086,162 |
| 23 |
$7,440,901 |
$2,713,464
$439,013 |
$4,288,424 |
| 24 |
$7,813,039 |
$2,851,155
$460,969 |
$4,500,915 |
| 25 |
$8,203,598 |
$2,995,662
$484,012 |
$4,723,924 |
| 26 |
$8,613,930 |
$3,147,484
$508,222 |
$4,958,224 |
| 27 |
$9,044,542 |
$3,306,811
$533,628 |
$5,204,103 |
| 28 |
$9,496,786 |
$3,474,141
$560,310 |
$5,462,335 |
| 29 |
$9,971,676 |
$3,649,851
$588,329 |
$5,733,496 |
| 30 |
$10,470,226 |
$3,834,314
$617,743 |
$6,018,169 |
|
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