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 New Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey 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(8%) | $14,664,000 | | Net Lumpsum Payment | $100,854,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$475,612 |
$3,309,499 |
| 2 |
$6,242,580 |
$2,270,085
$499,406 |
$3,473,089 |
| 3 |
$6,554,630 |
$2,385,543
$524,370 |
$3,644,717 |
| 4 |
$6,882,480 |
$2,506,848
$550,598 |
$3,825,034 |
| 5 |
$7,226,525 |
$2,634,145
$578,122 |
$4,014,258 |
| 6 |
$7,587,950 |
$2,767,872
$607,036 |
$4,213,042 |
| 7 |
$7,967,150 |
$2,908,176
$637,372 |
$4,421,602 |
| 8 |
$8,365,705 |
$3,055,641
$669,256 |
$4,640,808 |
| 9 |
$8,784,010 |
$3,210,414
$702,721 |
$4,870,875 |
| 10 |
$9,223,250 |
$3,372,933
$737,860 |
$5,112,457 |
| 11 |
$9,684,215 |
$3,543,490
$774,737 |
$5,365,988 |
| 12 |
$10,168,485 |
$3,722,670
$813,479 |
$5,632,336 |
| 13 |
$10,676,850 |
$3,910,765
$854,148 |
$5,911,937 |
| 14 |
$11,210,890 |
$4,108,360
$896,871 |
$6,205,659 |
| 15 |
$11,771,395 |
$4,315,747
$941,712 |
$6,513,936 |
| 16 |
$12,359,945 |
$4,533,510
$988,796 |
$6,837,639 |
| 17 |
$12,977,725 |
$4,762,089
$1,038,218 |
$7,177,418 |
| 18 |
$13,626,710 |
$5,002,213
$1,090,137 |
$7,534,360 |
| 19 |
$14,308,085 |
$5,254,322
$1,144,647 |
$7,909,116 |
| 20 |
$15,023,430 |
$5,518,999
$1,201,874 |
$8,302,557 |
| 21 |
$15,774,720 |
$5,796,977
$1,261,978 |
$8,715,765 |
| 22 |
$16,563,535 |
$6,088,838
$1,325,083 |
$9,149,614 |
| 23 |
$17,391,455 |
$6,395,169
$1,391,316 |
$9,604,970 |
| 24 |
$18,261,245 |
$6,716,991
$1,460,900 |
$10,083,354 |
| 25 |
$19,174,090 |
$7,054,744
$1,533,927 |
$10,585,419 |
| 26 |
$20,133,150 |
$7,409,596
$1,610,652 |
$11,112,902 |
| 27 |
$21,139,610 |
$7,781,986
$1,691,169 |
$11,666,455 |
| 28 |
$22,196,630 |
$8,173,083
$1,775,730 |
$12,247,817 |
| 29 |
$23,306,580 |
$8,583,765
$1,864,526 |
$12,858,289 |
| 30 |
$24,471,830 |
$9,014,907
$1,957,746 |
$13,499,177 |
|
|
