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 York residents, the state will deduct 8.82% from your lottery earnings.
| New York 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(8.82%) | $16,167,060 | | Net Lumpsum Payment | $99,351,610 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$524,362 |
$3,260,749 |
| 2 |
$6,242,580 |
$2,270,085
$550,596 |
$3,421,899 |
| 3 |
$6,554,630 |
$2,385,543
$578,118 |
$3,590,969 |
| 4 |
$6,882,480 |
$2,506,848
$607,035 |
$3,768,597 |
| 5 |
$7,226,525 |
$2,634,145
$637,380 |
$3,955,000 |
| 6 |
$7,587,950 |
$2,767,872
$669,257 |
$4,150,821 |
| 7 |
$7,967,150 |
$2,908,176
$702,703 |
$4,356,271 |
| 8 |
$8,365,705 |
$3,055,641
$737,855 |
$4,572,209 |
| 9 |
$8,784,010 |
$3,210,414
$774,750 |
$4,798,846 |
| 10 |
$9,223,250 |
$3,372,933
$813,491 |
$5,036,826 |
| 11 |
$9,684,215 |
$3,543,490
$854,148 |
$5,286,577 |
| 12 |
$10,168,485 |
$3,722,670
$896,860 |
$5,548,955 |
| 13 |
$10,676,850 |
$3,910,765
$941,698 |
$5,824,387 |
| 14 |
$11,210,890 |
$4,108,360
$988,800 |
$6,113,730 |
| 15 |
$11,771,395 |
$4,315,747
$1,038,237 |
$6,417,411 |
| 16 |
$12,359,945 |
$4,533,510
$1,090,147 |
$6,736,288 |
| 17 |
$12,977,725 |
$4,762,089
$1,144,635 |
$7,071,001 |
| 18 |
$13,626,710 |
$5,002,213
$1,201,876 |
$7,422,621 |
| 19 |
$14,308,085 |
$5,254,322
$1,261,973 |
$7,791,790 |
| 20 |
$15,023,430 |
$5,518,999
$1,325,067 |
$8,179,364 |
| 21 |
$15,774,720 |
$5,796,977
$1,391,330 |
$8,586,413 |
| 22 |
$16,563,535 |
$6,088,838
$1,460,904 |
$9,013,793 |
| 23 |
$17,391,455 |
$6,395,169
$1,533,926 |
$9,462,360 |
| 24 |
$18,261,245 |
$6,716,991
$1,610,642 |
$9,933,612 |
| 25 |
$19,174,090 |
$7,054,744
$1,691,155 |
$10,428,191 |
| 26 |
$20,133,150 |
$7,409,596
$1,775,744 |
$10,947,810 |
| 27 |
$21,139,610 |
$7,781,986
$1,864,514 |
$11,493,110 |
| 28 |
$22,196,630 |
$8,173,083
$1,957,743 |
$12,065,804 |
| 29 |
$23,306,580 |
$8,583,765
$2,055,640 |
$12,667,175 |
| 30 |
$24,471,830 |
$9,014,907
$2,158,415 |
$13,298,508 |
|
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