Indiana Lottery

INLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Feb 21, 2026 is estimated to be $190 Million, with a cash option of 89.1 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Indiana, your state will take 3.15% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Indiana Powerball Jackpot/Cash Option for Sat Feb 21, 2026

Draw Date	Jackpot	Cash Option
Sat Feb 21, 2026	$190,000,000	$89,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$89,100,000
Federal Tax(24%)	$21,384,000
Additional Federal Tax	$11,543,330
State Tax(3.15%)	$2,806,650
Net Lumpsum Payment	$53,366,020

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,859,690	-$1,018,416 -$90,080	$1,751,194
2	$3,002,760	-$1,071,352 -$94,587	$1,836,821
3	$3,152,860	-$1,126,889 -$99,315	$1,926,656
4	$3,310,560	-$1,185,238 -$104,283	$2,021,039
5	$3,476,050	-$1,246,469 -$109,496	$2,120,085
6	$3,649,900	-$1,310,793 -$114,972	$2,224,135
7	$3,832,300	-$1,378,281 -$120,717	$2,333,302
8	$4,024,010	-$1,449,214 -$126,756	$2,448,040
9	$4,225,220	-$1,523,662 -$133,094	$2,568,464
10	$4,436,500	-$1,601,835 -$139,750	$2,694,915
11	$4,658,230	-$1,683,875 -$146,734	$2,827,621
12	$4,891,170	-$1,770,063 -$154,072	$2,967,035
13	$5,135,700	-$1,860,539 -$161,775	$3,113,386
14	$5,392,580	-$1,955,585 -$169,866	$3,267,129
15	$5,662,190	-$2,055,341 -$178,359	$3,428,490
16	$5,945,290	-$2,160,088 -$187,277	$3,597,925
17	$6,242,450	-$2,270,037 -$196,637	$3,775,776
18	$6,554,620	-$2,385,540 -$206,471	$3,962,609
19	$6,882,370	-$2,506,807 -$216,795	$4,158,768
20	$7,226,460	-$2,634,121 -$227,633	$4,364,706
21	$7,587,840	-$2,767,831 -$239,017	$4,580,992
22	$7,967,270	-$2,908,220 -$250,969	$4,808,081
23	$8,365,510	-$3,055,569 -$263,514	$5,046,427
24	$8,783,890	-$3,210,370 -$276,693	$5,296,827
25	$9,222,980	-$3,372,833 -$290,524	$5,559,623
26	$9,684,300	-$3,543,521 -$305,055	$5,835,724
27	$10,168,420	-$3,722,646 -$320,305	$6,125,469
28	$10,676,860	-$3,910,769 -$336,321	$6,429,770
29	$11,210,760	-$4,108,312 -$353,139	$6,749,309
30	$11,771,260	-$4,315,697 -$370,795	$7,084,768