New York Lottery

NYLottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Wed Feb 11, 2026 is estimated to be $126 Million, with a cash option of 57.8 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 New York, your state will take 8.82% 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.

New York Powerball Jackpot/Cash Option for Wed Feb 11, 2026

Draw Date	Jackpot	Cash Option
Wed Feb 11, 2026	$126,000,000	$57,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$57,800,000
Federal Tax(24%)	$13,872,000
Additional Federal Tax	$7,474,330
State Tax(8.82%)	$5,097,960
Net Lumpsum Payment	$31,355,710

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,896,426	-$662,008 -$167,265	$1,067,153
2	$1,991,304	-$697,113 -$175,633	$1,118,558
3	$2,090,844	-$733,943 -$184,412	$1,172,489
4	$2,195,424	-$772,637 -$193,636	$1,229,151
5	$2,305,170	-$813,243 -$203,316	$1,288,611
6	$2,420,460	-$855,901 -$213,485	$1,351,074
7	$2,541,420	-$900,656 -$224,153	$1,416,611
8	$2,668,554	-$947,695 -$235,366	$1,485,493
9	$2,801,988	-$997,066 -$247,135	$1,557,787
10	$2,942,100	-$1,048,907 -$259,493	$1,633,700
11	$3,089,142	-$1,103,313 -$272,462	$1,713,367
12	$3,243,618	-$1,160,469 -$286,087	$1,797,062
13	$3,405,780	-$1,220,469 -$300,390	$1,884,921
14	$3,576,132	-$1,283,499 -$315,415	$1,977,218
15	$3,754,926	-$1,349,653 -$331,184	$2,074,089
16	$3,942,666	-$1,419,117 -$347,743	$2,175,806
17	$4,139,730	-$1,492,030 -$365,124	$2,282,576
18	$4,346,748	-$1,568,627 -$383,383	$2,394,738
19	$4,564,098	-$1,649,047 -$402,553	$2,512,498
20	$4,792,284	-$1,733,475 -$422,679	$2,636,130
21	$5,031,936	-$1,822,147 -$443,817	$2,765,972
22	$5,283,558	-$1,915,247 -$466,010	$2,902,301
23	$5,547,654	-$2,012,962 -$489,303	$3,045,389
24	$5,825,106	-$2,115,620 -$513,774	$3,195,712
25	$6,116,292	-$2,223,358 -$539,457	$3,353,477
26	$6,422,220	-$2,336,552 -$566,440	$3,519,228
27	$6,743,268	-$2,455,340 -$594,756	$3,693,172
28	$7,080,444	-$2,580,095 -$624,495	$3,875,854
29	$7,434,504	-$2,711,097 -$655,723	$4,067,684
30	$7,806,204	-$2,848,626 -$688,507	$4,269,071