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 those living in South Dakota, the bright side is you won't have to pay any state taxes on your lottery prize.
| South Dakota 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(0%) | $0 | | Net Lumpsum Payment | $42,186,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,197,446 |
$773,385
$0 |
$1,424,061 |
| 2 |
$2,307,384 |
$814,062
$0 |
$1,493,322 |
| 3 |
$2,422,724 |
$856,738
$0 |
$1,565,986 |
| 4 |
$2,543,904 |
$901,575
$0 |
$1,642,329 |
| 5 |
$2,671,070 |
$948,626
$0 |
$1,722,444 |
| 6 |
$2,804,660 |
$998,055
$0 |
$1,806,605 |
| 7 |
$2,944,820 |
$1,049,914
$0 |
$1,894,906 |
| 8 |
$3,092,134 |
$1,104,420
$0 |
$1,987,714 |
| 9 |
$3,246,748 |
$1,161,627
$0 |
$2,085,121 |
| 10 |
$3,409,100 |
$1,221,697
$0 |
$2,187,403 |
| 11 |
$3,579,482 |
$1,284,739
$0 |
$2,294,743 |
| 12 |
$3,758,478 |
$1,350,967
$0 |
$2,407,511 |
| 13 |
$3,946,380 |
$1,420,491
$0 |
$2,525,889 |
| 14 |
$4,143,772 |
$1,493,526
$0 |
$2,650,246 |
| 15 |
$4,350,946 |
$1,570,180
$0 |
$2,780,766 |
| 16 |
$4,568,486 |
$1,650,670
$0 |
$2,917,816 |
| 17 |
$4,796,830 |
$1,735,157
$0 |
$3,061,673 |
| 18 |
$5,036,708 |
$1,823,912
$0 |
$3,212,796 |
| 19 |
$5,288,558 |
$1,917,097
$0 |
$3,371,461 |
| 20 |
$5,552,964 |
$2,014,927
$0 |
$3,538,037 |
| 21 |
$5,830,656 |
$2,117,673
$0 |
$3,712,983 |
| 22 |
$6,122,218 |
$2,225,551
$0 |
$3,896,667 |
| 23 |
$6,428,234 |
$2,338,777
$0 |
$4,089,457 |
| 24 |
$6,749,726 |
$2,457,729
$0 |
$4,291,997 |
| 25 |
$7,087,132 |
$2,582,569
$0 |
$4,504,563 |
| 26 |
$7,441,620 |
$2,713,730
$0 |
$4,727,890 |
| 27 |
$7,813,628 |
$2,851,373
$0 |
$4,962,255 |
| 28 |
$8,204,324 |
$2,995,930
$0 |
$5,208,394 |
| 29 |
$8,614,584 |
$3,147,726
$0 |
$5,466,858 |
| 30 |
$9,045,284 |
$3,307,085
$0 |
$5,738,199 |
|
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