The jackpot for the Powerball draw on Sat Feb 14, 2026, is projected to be $146 Million, with an option for a cash payout of $66.9 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 Rhode Island residents, the state will deduct 5.99% from your lottery earnings.
| Rhode Island Powerball Jackpot/Cash Option for Sat Feb 14, 2026 |
|---|
| Draw Date | Sat Feb 14, 2026 | | Projected Jackpot | $146,000,000 | | Cash Value | $66,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $66,900,000 | | Federal Tax(24%) | $16,056,000 | | Additional Federal Tax | $8,657,330 | | State Tax(5.99%) | $4,007,310 | | Net Lumpsum Payment | $38,179,360 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$131,627 |
$1,292,434 |
| 2 |
$2,307,384 |
$814,062
$138,212 |
$1,355,110 |
| 3 |
$2,422,724 |
$856,738
$145,121 |
$1,420,865 |
| 4 |
$2,543,904 |
$901,575
$152,380 |
$1,489,949 |
| 5 |
$2,671,070 |
$948,626
$159,997 |
$1,562,447 |
| 6 |
$2,804,660 |
$998,055
$167,999 |
$1,638,606 |
| 7 |
$2,944,820 |
$1,049,914
$176,395 |
$1,718,511 |
| 8 |
$3,092,134 |
$1,104,420
$185,219 |
$1,802,495 |
| 9 |
$3,246,748 |
$1,161,627
$194,480 |
$1,890,641 |
| 10 |
$3,409,100 |
$1,221,697
$204,205 |
$1,983,198 |
| 11 |
$3,579,482 |
$1,284,739
$214,411 |
$2,080,332 |
| 12 |
$3,758,478 |
$1,350,967
$225,133 |
$2,182,378 |
| 13 |
$3,946,380 |
$1,420,491
$236,388 |
$2,289,501 |
| 14 |
$4,143,772 |
$1,493,526
$248,212 |
$2,402,034 |
| 15 |
$4,350,946 |
$1,570,180
$260,622 |
$2,520,144 |
| 16 |
$4,568,486 |
$1,650,670
$273,652 |
$2,644,164 |
| 17 |
$4,796,830 |
$1,735,157
$287,330 |
$2,774,343 |
| 18 |
$5,036,708 |
$1,823,912
$301,699 |
$2,911,097 |
| 19 |
$5,288,558 |
$1,917,097
$316,785 |
$3,054,676 |
| 20 |
$5,552,964 |
$2,014,927
$332,623 |
$3,205,414 |
| 21 |
$5,830,656 |
$2,117,673
$349,256 |
$3,363,727 |
| 22 |
$6,122,218 |
$2,225,551
$366,721 |
$3,529,946 |
| 23 |
$6,428,234 |
$2,338,777
$385,051 |
$3,704,406 |
| 24 |
$6,749,726 |
$2,457,729
$404,309 |
$3,887,688 |
| 25 |
$7,087,132 |
$2,582,569
$424,519 |
$4,080,044 |
| 26 |
$7,441,620 |
$2,713,730
$445,753 |
$4,282,137 |
| 27 |
$7,813,628 |
$2,851,373
$468,036 |
$4,494,219 |
| 28 |
$8,204,324 |
$2,995,930
$491,439 |
$4,716,955 |
| 29 |
$8,614,584 |
$3,147,726
$516,014 |
$4,950,844 |
| 30 |
$9,045,284 |
$3,307,085
$541,813 |
$5,196,386 |
|
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