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 Idaho residents, the state will deduct 5.8% from your lottery earnings.
| Idaho 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(5.8%) | $5,167,800 | | Net Lumpsum Payment | $51,004,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,859,690 |
$1,018,416
$165,862 |
$1,675,412 |
| 2 |
$3,002,760 |
$1,071,352
$174,160 |
$1,757,248 |
| 3 |
$3,152,860 |
$1,126,889
$182,866 |
$1,843,105 |
| 4 |
$3,310,560 |
$1,185,238
$192,012 |
$1,933,310 |
| 5 |
$3,476,050 |
$1,246,469
$201,611 |
$2,027,970 |
| 6 |
$3,649,900 |
$1,310,793
$211,694 |
$2,127,413 |
| 7 |
$3,832,300 |
$1,378,281
$222,273 |
$2,231,746 |
| 8 |
$4,024,010 |
$1,449,214
$233,393 |
$2,341,403 |
| 9 |
$4,225,220 |
$1,523,662
$245,063 |
$2,456,495 |
| 10 |
$4,436,500 |
$1,601,835
$257,317 |
$2,577,348 |
| 11 |
$4,658,230 |
$1,683,875
$270,177 |
$2,704,178 |
| 12 |
$4,891,170 |
$1,770,063
$283,688 |
$2,837,419 |
| 13 |
$5,135,700 |
$1,860,539
$297,871 |
$2,977,290 |
| 14 |
$5,392,580 |
$1,955,585
$312,770 |
$3,124,225 |
| 15 |
$5,662,190 |
$2,055,341
$328,407 |
$3,278,442 |
| 16 |
$5,945,290 |
$2,160,088
$344,827 |
$3,440,375 |
| 17 |
$6,242,450 |
$2,270,037
$362,062 |
$3,610,351 |
| 18 |
$6,554,620 |
$2,385,540
$380,168 |
$3,788,912 |
| 19 |
$6,882,370 |
$2,506,807
$399,177 |
$3,976,386 |
| 20 |
$7,226,460 |
$2,634,121
$419,135 |
$4,173,204 |
| 21 |
$7,587,840 |
$2,767,831
$440,095 |
$4,379,914 |
| 22 |
$7,967,270 |
$2,908,220
$462,102 |
$4,596,948 |
| 23 |
$8,365,510 |
$3,055,569
$485,200 |
$4,824,741 |
| 24 |
$8,783,890 |
$3,210,370
$509,466 |
$5,064,054 |
| 25 |
$9,222,980 |
$3,372,833
$534,933 |
$5,315,214 |
| 26 |
$9,684,300 |
$3,543,521
$561,689 |
$5,579,090 |
| 27 |
$10,168,420 |
$3,722,646
$589,768 |
$5,856,006 |
| 28 |
$10,676,860 |
$3,910,769
$619,258 |
$6,146,833 |
| 29 |
$11,210,760 |
$4,108,312
$650,224 |
$6,452,224 |
| 30 |
$11,771,260 |
$4,315,697
$682,733 |
$6,772,830 |
|
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