The jackpot for the Powerball draw on Wed Feb 18, 2026, is projected to be $169 Million, with an option for a cash payout of $79.2 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 Illinois residents, the state will deduct 4.95% from your lottery earnings.
| Illinois Powerball Jackpot/Cash Option for Wed Feb 18, 2026 |
|---|
| Draw Date | Wed Feb 18, 2026 | | Projected Jackpot | $169,000,000 | | Cash Value | $79,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,200,000 | | Federal Tax(24%) | $19,008,000 | | Additional Federal Tax | $10,256,330 | | State Tax(4.95%) | $3,920,400 | | Net Lumpsum Payment | $46,015,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,543,619 |
$901,469
$125,909 |
$1,516,241 |
| 2 |
$2,670,876 |
$948,555
$132,208 |
$1,590,113 |
| 3 |
$2,804,386 |
$997,953
$138,817 |
$1,667,616 |
| 4 |
$2,944,656 |
$1,049,853
$145,760 |
$1,749,043 |
| 5 |
$3,091,855 |
$1,104,317
$153,047 |
$1,834,491 |
| 6 |
$3,246,490 |
$1,161,532
$160,701 |
$1,924,257 |
| 7 |
$3,408,730 |
$1,221,560
$168,732 |
$2,018,438 |
| 8 |
$3,579,251 |
$1,284,653
$177,173 |
$2,117,425 |
| 9 |
$3,758,222 |
$1,350,873
$186,032 |
$2,221,317 |
| 10 |
$3,946,150 |
$1,420,406
$195,334 |
$2,330,410 |
| 11 |
$4,143,373 |
$1,493,378
$205,097 |
$2,444,898 |
| 12 |
$4,350,567 |
$1,570,040
$215,353 |
$2,565,174 |
| 13 |
$4,568,070 |
$1,650,516
$226,119 |
$2,691,435 |
| 14 |
$4,796,558 |
$1,735,057
$237,430 |
$2,824,071 |
| 15 |
$5,036,369 |
$1,823,787
$249,300 |
$2,963,282 |
| 16 |
$5,288,179 |
$1,916,957
$261,765 |
$3,109,457 |
| 17 |
$5,552,495 |
$2,014,754
$274,849 |
$3,262,892 |
| 18 |
$5,830,162 |
$2,117,490
$288,593 |
$3,424,079 |
| 19 |
$6,121,687 |
$2,225,355
$303,024 |
$3,593,308 |
| 20 |
$6,427,746 |
$2,338,596
$318,173 |
$3,770,977 |
| 21 |
$6,749,184 |
$2,457,528
$334,085 |
$3,957,571 |
| 22 |
$7,086,677 |
$2,582,401
$350,791 |
$4,153,485 |
| 23 |
$7,440,901 |
$2,713,464
$368,325 |
$4,359,112 |
| 24 |
$7,813,039 |
$2,851,155
$386,745 |
$4,575,139 |
| 25 |
$8,203,598 |
$2,995,662
$406,078 |
$4,801,858 |
| 26 |
$8,613,930 |
$3,147,484
$426,390 |
$5,040,056 |
| 27 |
$9,044,542 |
$3,306,811
$447,705 |
$5,290,026 |
| 28 |
$9,496,786 |
$3,474,141
$470,091 |
$5,552,554 |
| 29 |
$9,971,676 |
$3,649,851
$493,598 |
$5,828,227 |
| 30 |
$10,470,226 |
$3,834,314
$518,276 |
$6,117,636 |
|
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