The jackpot for the Powerball draw on Wed Feb 11, 2026, is projected to be $126 Million, with an option for a cash payout of $57.8 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 North Carolina residents, the state will deduct 4.75% from your lottery earnings.
| North Carolina Powerball Jackpot/Cash Option for Wed Feb 11, 2026 |
|---|
| Draw Date | Wed Feb 11, 2026 | | Projected Jackpot | $126,000,000 | | Cash Value | $57,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $57,800,000 | | Federal Tax(24%) | $13,872,000 | | Additional Federal Tax | $7,474,330 | | State Tax(4.75%) | $2,745,500 | | Net Lumpsum Payment | $33,708,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,896,426 |
$662,008
$90,080 |
$1,144,338 |
| 2 |
$1,991,304 |
$697,113
$94,587 |
$1,199,604 |
| 3 |
$2,090,844 |
$733,943
$99,315 |
$1,257,586 |
| 4 |
$2,195,424 |
$772,637
$104,283 |
$1,318,504 |
| 5 |
$2,305,170 |
$813,243
$109,496 |
$1,382,431 |
| 6 |
$2,420,460 |
$855,901
$114,972 |
$1,449,587 |
| 7 |
$2,541,420 |
$900,656
$120,717 |
$1,520,047 |
| 8 |
$2,668,554 |
$947,695
$126,756 |
$1,594,103 |
| 9 |
$2,801,988 |
$997,066
$133,094 |
$1,671,828 |
| 10 |
$2,942,100 |
$1,048,907
$139,750 |
$1,753,443 |
| 11 |
$3,089,142 |
$1,103,313
$146,734 |
$1,839,095 |
| 12 |
$3,243,618 |
$1,160,469
$154,072 |
$1,929,077 |
| 13 |
$3,405,780 |
$1,220,469
$161,775 |
$2,023,536 |
| 14 |
$3,576,132 |
$1,283,499
$169,866 |
$2,122,767 |
| 15 |
$3,754,926 |
$1,349,653
$178,359 |
$2,226,914 |
| 16 |
$3,942,666 |
$1,419,117
$187,277 |
$2,336,272 |
| 17 |
$4,139,730 |
$1,492,030
$196,637 |
$2,451,063 |
| 18 |
$4,346,748 |
$1,568,627
$206,471 |
$2,571,650 |
| 19 |
$4,564,098 |
$1,649,047
$216,795 |
$2,698,256 |
| 20 |
$4,792,284 |
$1,733,475
$227,633 |
$2,831,176 |
| 21 |
$5,031,936 |
$1,822,147
$239,017 |
$2,970,772 |
| 22 |
$5,283,558 |
$1,915,247
$250,969 |
$3,117,342 |
| 23 |
$5,547,654 |
$2,012,962
$263,514 |
$3,271,178 |
| 24 |
$5,825,106 |
$2,115,620
$276,693 |
$3,432,793 |
| 25 |
$6,116,292 |
$2,223,358
$290,524 |
$3,602,410 |
| 26 |
$6,422,220 |
$2,336,552
$305,055 |
$3,780,613 |
| 27 |
$6,743,268 |
$2,455,340
$320,305 |
$3,967,623 |
| 28 |
$7,080,444 |
$2,580,095
$336,321 |
$4,164,028 |
| 29 |
$7,434,504 |
$2,711,097
$353,139 |
$4,370,268 |
| 30 |
$7,806,204 |
$2,848,626
$370,795 |
$4,586,783 |
|
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