The jackpot for the Powerball draw on Sat Feb 7, 2026, is projected to be $102 Million, with an option for a cash payout of $46.1 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 Indiana residents, the state will deduct 3.15% from your lottery earnings.
| Indiana Powerball Jackpot/Cash Option for Sat Feb 7, 2026 |
|---|
| Draw Date | Sat Feb 7, 2026 | | Projected Jackpot | $102,000,000 | | Cash Value | $46,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $46,100,000 | | Federal Tax(24%) | $11,064,000 | | Additional Federal Tax | $5,953,330 | | State Tax(3.15%) | $1,452,150 | | Net Lumpsum Payment | $27,630,520 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,535,202 |
$528,355
$48,359 |
$958,488 |
| 2 |
$1,612,008 |
$556,773
$50,778 |
$1,004,457 |
| 3 |
$1,692,588 |
$586,588
$53,317 |
$1,052,683 |
| 4 |
$1,777,248 |
$617,912
$55,983 |
$1,103,353 |
| 5 |
$1,866,090 |
$650,784
$58,782 |
$1,156,524 |
| 6 |
$1,959,420 |
$685,316
$61,722 |
$1,212,382 |
| 7 |
$2,057,340 |
$721,546
$64,806 |
$1,270,988 |
| 8 |
$2,160,258 |
$759,626
$68,048 |
$1,332,584 |
| 9 |
$2,268,276 |
$799,593
$71,451 |
$1,397,232 |
| 10 |
$2,381,700 |
$841,559
$75,024 |
$1,465,117 |
| 11 |
$2,500,734 |
$885,602
$78,773 |
$1,536,359 |
| 12 |
$2,625,786 |
$931,871
$82,712 |
$1,611,203 |
| 13 |
$2,757,060 |
$980,443
$86,847 |
$1,689,770 |
| 14 |
$2,894,964 |
$1,031,467
$91,191 |
$1,772,306 |
| 15 |
$3,039,702 |
$1,085,020
$95,751 |
$1,858,931 |
| 16 |
$3,191,682 |
$1,141,253
$100,538 |
$1,949,891 |
| 17 |
$3,351,210 |
$1,200,278
$105,563 |
$2,045,369 |
| 18 |
$3,518,796 |
$1,262,285
$110,842 |
$2,145,669 |
| 19 |
$3,694,746 |
$1,327,386
$116,384 |
$2,250,976 |
| 20 |
$3,879,468 |
$1,395,734
$122,203 |
$2,361,531 |
| 21 |
$4,073,472 |
$1,467,515
$128,314 |
$2,477,643 |
| 22 |
$4,277,166 |
$1,542,882
$134,731 |
$2,599,553 |
| 23 |
$4,490,958 |
$1,621,985
$141,465 |
$2,727,508 |
| 24 |
$4,715,562 |
$1,705,088
$148,540 |
$2,861,934 |
| 25 |
$4,951,284 |
$1,792,305
$155,965 |
$3,003,014 |
| 26 |
$5,198,940 |
$1,883,938
$163,767 |
$3,151,235 |
| 27 |
$5,458,836 |
$1,980,100
$171,953 |
$3,306,783 |
| 28 |
$5,731,788 |
$2,081,092
$180,551 |
$3,470,145 |
| 29 |
$6,018,408 |
$2,187,141
$189,580 |
$3,641,687 |
| 30 |
$6,319,308 |
$2,298,474
$199,058 |
$3,821,776 |
|
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