The jackpot for the MEGA Millions draw on Tue Feb 17, 2026, is projected to be $395 Million, with an option for a cash payout of $183.3 Million. Should you be the lucky winner of the MEGA Millions 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Tue Feb 17, 2026 |
|---|
| Draw Date | Tue Feb 17, 2026 | | Projected Jackpot | $395,000,000 | | Cash Value | $183,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,300,000 | | Federal Tax(24%) | $43,992,000 | | Additional Federal Tax | $23,789,330 | | State Tax(4%) | $7,332,000 | | Net Lumpsum Payment | $108,186,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$237,806 |
$3,547,305 |
| 2 |
$6,242,580 |
$2,270,085
$249,703 |
$3,722,792 |
| 3 |
$6,554,630 |
$2,385,543
$262,185 |
$3,906,902 |
| 4 |
$6,882,480 |
$2,506,848
$275,299 |
$4,100,333 |
| 5 |
$7,226,525 |
$2,634,145
$289,061 |
$4,303,319 |
| 6 |
$7,587,950 |
$2,767,872
$303,518 |
$4,516,560 |
| 7 |
$7,967,150 |
$2,908,176
$318,686 |
$4,740,288 |
| 8 |
$8,365,705 |
$3,055,641
$334,628 |
$4,975,436 |
| 9 |
$8,784,010 |
$3,210,414
$351,360 |
$5,222,236 |
| 10 |
$9,223,250 |
$3,372,933
$368,930 |
$5,481,387 |
| 11 |
$9,684,215 |
$3,543,490
$387,369 |
$5,753,356 |
| 12 |
$10,168,485 |
$3,722,670
$406,739 |
$6,039,076 |
| 13 |
$10,676,850 |
$3,910,765
$427,074 |
$6,339,011 |
| 14 |
$11,210,890 |
$4,108,360
$448,436 |
$6,654,094 |
| 15 |
$11,771,395 |
$4,315,747
$470,856 |
$6,984,792 |
| 16 |
$12,359,945 |
$4,533,510
$494,398 |
$7,332,037 |
| 17 |
$12,977,725 |
$4,762,089
$519,109 |
$7,696,527 |
| 18 |
$13,626,710 |
$5,002,213
$545,068 |
$8,079,429 |
| 19 |
$14,308,085 |
$5,254,322
$572,323 |
$8,481,440 |
| 20 |
$15,023,430 |
$5,518,999
$600,937 |
$8,903,494 |
| 21 |
$15,774,720 |
$5,796,977
$630,989 |
$9,346,754 |
| 22 |
$16,563,535 |
$6,088,838
$662,541 |
$9,812,156 |
| 23 |
$17,391,455 |
$6,395,169
$695,658 |
$10,300,628 |
| 24 |
$18,261,245 |
$6,716,991
$730,450 |
$10,813,804 |
| 25 |
$19,174,090 |
$7,054,744
$766,964 |
$11,352,382 |
| 26 |
$20,133,150 |
$7,409,596
$805,326 |
$11,918,228 |
| 27 |
$21,139,610 |
$7,781,986
$845,584 |
$12,512,040 |
| 28 |
$22,196,630 |
$8,173,083
$887,865 |
$13,135,682 |
| 29 |
$23,306,580 |
$8,583,765
$932,263 |
$13,790,552 |
| 30 |
$24,471,830 |
$9,014,907
$978,873 |
$14,478,050 |
|
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