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 Louisiana residents, the state will deduct 4.75% from your lottery earnings.
| Louisiana 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(4.75%) | $2,189,750 | | Net Lumpsum Payment | $26,892,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,535,202 |
$528,355
$72,922 |
$933,925 |
| 2 |
$1,612,008 |
$556,773
$76,570 |
$978,665 |
| 3 |
$1,692,588 |
$586,588
$80,398 |
$1,025,602 |
| 4 |
$1,777,248 |
$617,912
$84,419 |
$1,074,917 |
| 5 |
$1,866,090 |
$650,784
$88,639 |
$1,126,667 |
| 6 |
$1,959,420 |
$685,316
$93,072 |
$1,181,032 |
| 7 |
$2,057,340 |
$721,546
$97,724 |
$1,238,070 |
| 8 |
$2,160,258 |
$759,626
$102,612 |
$1,298,020 |
| 9 |
$2,268,276 |
$799,593
$107,743 |
$1,360,940 |
| 10 |
$2,381,700 |
$841,559
$113,131 |
$1,427,010 |
| 11 |
$2,500,734 |
$885,602
$118,785 |
$1,496,347 |
| 12 |
$2,625,786 |
$931,871
$124,725 |
$1,569,190 |
| 13 |
$2,757,060 |
$980,443
$130,960 |
$1,645,657 |
| 14 |
$2,894,964 |
$1,031,467
$137,511 |
$1,725,986 |
| 15 |
$3,039,702 |
$1,085,020
$144,386 |
$1,810,296 |
| 16 |
$3,191,682 |
$1,141,253
$151,605 |
$1,898,824 |
| 17 |
$3,351,210 |
$1,200,278
$159,182 |
$1,991,750 |
| 18 |
$3,518,796 |
$1,262,285
$167,143 |
$2,089,368 |
| 19 |
$3,694,746 |
$1,327,386
$175,500 |
$2,191,860 |
| 20 |
$3,879,468 |
$1,395,734
$184,275 |
$2,299,459 |
| 21 |
$4,073,472 |
$1,467,515
$193,490 |
$2,412,467 |
| 22 |
$4,277,166 |
$1,542,882
$203,165 |
$2,531,119 |
| 23 |
$4,490,958 |
$1,621,985
$213,321 |
$2,655,652 |
| 24 |
$4,715,562 |
$1,705,088
$223,989 |
$2,786,485 |
| 25 |
$4,951,284 |
$1,792,305
$235,186 |
$2,923,793 |
| 26 |
$5,198,940 |
$1,883,938
$246,950 |
$3,068,052 |
| 27 |
$5,458,836 |
$1,980,100
$259,295 |
$3,219,441 |
| 28 |
$5,731,788 |
$2,081,092
$272,260 |
$3,378,436 |
| 29 |
$6,018,408 |
$2,187,141
$285,874 |
$3,545,393 |
| 30 |
$6,319,308 |
$2,298,474
$300,167 |
$3,720,667 |
|
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