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 Louisiana residents, the state will deduct 4.75% from your lottery earnings.
| Louisiana 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(4.75%) | $8,706,750 | | Net Lumpsum Payment | $106,811,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$282,394 |
$3,502,717 |
| 2 |
$6,242,580 |
$2,270,085
$296,523 |
$3,675,972 |
| 3 |
$6,554,630 |
$2,385,543
$311,345 |
$3,857,742 |
| 4 |
$6,882,480 |
$2,506,848
$326,918 |
$4,048,714 |
| 5 |
$7,226,525 |
$2,634,145
$343,260 |
$4,249,120 |
| 6 |
$7,587,950 |
$2,767,872
$360,428 |
$4,459,650 |
| 7 |
$7,967,150 |
$2,908,176
$378,440 |
$4,680,534 |
| 8 |
$8,365,705 |
$3,055,641
$397,371 |
$4,912,693 |
| 9 |
$8,784,010 |
$3,210,414
$417,240 |
$5,156,356 |
| 10 |
$9,223,250 |
$3,372,933
$438,104 |
$5,412,213 |
| 11 |
$9,684,215 |
$3,543,490
$460,000 |
$5,680,725 |
| 12 |
$10,168,485 |
$3,722,670
$483,003 |
$5,962,812 |
| 13 |
$10,676,850 |
$3,910,765
$507,150 |
$6,258,935 |
| 14 |
$11,210,890 |
$4,108,360
$532,517 |
$6,570,013 |
| 15 |
$11,771,395 |
$4,315,747
$559,141 |
$6,896,507 |
| 16 |
$12,359,945 |
$4,533,510
$587,097 |
$7,239,338 |
| 17 |
$12,977,725 |
$4,762,089
$616,442 |
$7,599,194 |
| 18 |
$13,626,710 |
$5,002,213
$647,269 |
$7,977,228 |
| 19 |
$14,308,085 |
$5,254,322
$679,634 |
$8,374,129 |
| 20 |
$15,023,430 |
$5,518,999
$713,613 |
$8,790,818 |
| 21 |
$15,774,720 |
$5,796,977
$749,299 |
$9,228,444 |
| 22 |
$16,563,535 |
$6,088,838
$786,768 |
$9,687,929 |
| 23 |
$17,391,455 |
$6,395,169
$826,094 |
$10,170,192 |
| 24 |
$18,261,245 |
$6,716,991
$867,409 |
$10,676,845 |
| 25 |
$19,174,090 |
$7,054,744
$910,769 |
$11,208,577 |
| 26 |
$20,133,150 |
$7,409,596
$956,325 |
$11,767,229 |
| 27 |
$21,139,610 |
$7,781,986
$1,004,131 |
$12,353,493 |
| 28 |
$22,196,630 |
$8,173,083
$1,054,340 |
$12,969,207 |
| 29 |
$23,306,580 |
$8,583,765
$1,107,063 |
$13,615,752 |
| 30 |
$24,471,830 |
$9,014,907
$1,162,412 |
$14,294,511 |
|
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