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 Oklahoma residents, the state will deduct 4.75% from your lottery earnings.
| Oklahoma 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(4.75%) | $3,762,000 | | Net Lumpsum Payment | $46,173,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,543,619 |
$901,469
$120,822 |
$1,521,328 |
| 2 |
$2,670,876 |
$948,555
$126,867 |
$1,595,454 |
| 3 |
$2,804,386 |
$997,953
$133,208 |
$1,673,225 |
| 4 |
$2,944,656 |
$1,049,853
$139,871 |
$1,754,932 |
| 5 |
$3,091,855 |
$1,104,317
$146,863 |
$1,840,675 |
| 6 |
$3,246,490 |
$1,161,532
$154,208 |
$1,930,750 |
| 7 |
$3,408,730 |
$1,221,560
$161,915 |
$2,025,255 |
| 8 |
$3,579,251 |
$1,284,653
$170,014 |
$2,124,584 |
| 9 |
$3,758,222 |
$1,350,873
$178,516 |
$2,228,833 |
| 10 |
$3,946,150 |
$1,420,406
$187,442 |
$2,338,302 |
| 11 |
$4,143,373 |
$1,493,378
$196,810 |
$2,453,185 |
| 12 |
$4,350,567 |
$1,570,040
$206,652 |
$2,573,875 |
| 13 |
$4,568,070 |
$1,650,516
$216,983 |
$2,700,571 |
| 14 |
$4,796,558 |
$1,735,057
$227,837 |
$2,833,664 |
| 15 |
$5,036,369 |
$1,823,787
$239,228 |
$2,973,354 |
| 16 |
$5,288,179 |
$1,916,957
$251,189 |
$3,120,033 |
| 17 |
$5,552,495 |
$2,014,754
$263,744 |
$3,273,997 |
| 18 |
$5,830,162 |
$2,117,490
$276,933 |
$3,435,739 |
| 19 |
$6,121,687 |
$2,225,355
$290,780 |
$3,605,552 |
| 20 |
$6,427,746 |
$2,338,596
$305,318 |
$3,783,832 |
| 21 |
$6,749,184 |
$2,457,528
$320,586 |
$3,971,070 |
| 22 |
$7,086,677 |
$2,582,401
$336,617 |
$4,167,659 |
| 23 |
$7,440,901 |
$2,713,464
$353,443 |
$4,373,994 |
| 24 |
$7,813,039 |
$2,851,155
$371,119 |
$4,590,765 |
| 25 |
$8,203,598 |
$2,995,662
$389,671 |
$4,818,265 |
| 26 |
$8,613,930 |
$3,147,484
$409,162 |
$5,057,284 |
| 27 |
$9,044,542 |
$3,306,811
$429,616 |
$5,308,115 |
| 28 |
$9,496,786 |
$3,474,141
$451,097 |
$5,571,548 |
| 29 |
$9,971,676 |
$3,649,851
$473,655 |
$5,848,170 |
| 30 |
$10,470,226 |
$3,834,314
$497,336 |
$6,138,576 |
|
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