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 Ohio residents, the state will deduct 3.99% from your lottery earnings.
| Ohio 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(3.99%) | $7,313,670 | | Net Lumpsum Payment | $108,205,000 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$237,211 |
$3,547,900 |
| 2 |
$6,242,580 |
$2,270,085
$249,079 |
$3,723,416 |
| 3 |
$6,554,630 |
$2,385,543
$261,530 |
$3,907,557 |
| 4 |
$6,882,480 |
$2,506,848
$274,611 |
$4,101,021 |
| 5 |
$7,226,525 |
$2,634,145
$288,338 |
$4,304,042 |
| 6 |
$7,587,950 |
$2,767,872
$302,759 |
$4,517,319 |
| 7 |
$7,967,150 |
$2,908,176
$317,889 |
$4,741,085 |
| 8 |
$8,365,705 |
$3,055,641
$333,792 |
$4,976,272 |
| 9 |
$8,784,010 |
$3,210,414
$350,482 |
$5,223,114 |
| 10 |
$9,223,250 |
$3,372,933
$368,008 |
$5,482,309 |
| 11 |
$9,684,215 |
$3,543,490
$386,400 |
$5,754,325 |
| 12 |
$10,168,485 |
$3,722,670
$405,723 |
$6,040,092 |
| 13 |
$10,676,850 |
$3,910,765
$426,006 |
$6,340,079 |
| 14 |
$11,210,890 |
$4,108,360
$447,315 |
$6,655,215 |
| 15 |
$11,771,395 |
$4,315,747
$469,679 |
$6,985,969 |
| 16 |
$12,359,945 |
$4,533,510
$493,162 |
$7,333,273 |
| 17 |
$12,977,725 |
$4,762,089
$517,811 |
$7,697,825 |
| 18 |
$13,626,710 |
$5,002,213
$543,706 |
$8,080,791 |
| 19 |
$14,308,085 |
$5,254,322
$570,893 |
$8,482,870 |
| 20 |
$15,023,430 |
$5,518,999
$599,435 |
$8,904,996 |
| 21 |
$15,774,720 |
$5,796,977
$629,411 |
$9,348,332 |
| 22 |
$16,563,535 |
$6,088,838
$660,885 |
$9,813,812 |
| 23 |
$17,391,455 |
$6,395,169
$693,919 |
$10,302,367 |
| 24 |
$18,261,245 |
$6,716,991
$728,624 |
$10,815,630 |
| 25 |
$19,174,090 |
$7,054,744
$765,046 |
$11,354,300 |
| 26 |
$20,133,150 |
$7,409,596
$803,313 |
$11,920,241 |
| 27 |
$21,139,610 |
$7,781,986
$843,470 |
$12,514,154 |
| 28 |
$22,196,630 |
$8,173,083
$885,646 |
$13,137,901 |
| 29 |
$23,306,580 |
$8,583,765
$929,933 |
$13,792,882 |
| 30 |
$24,471,830 |
$9,014,907
$976,426 |
$14,480,497 |
|
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