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 Wisconsin residents, the state will deduct 7.65% from your lottery earnings.
| Wisconsin 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(7.65%) | $14,022,450 | | Net Lumpsum Payment | $101,496,220 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$454,804 |
$3,330,307 |
| 2 |
$6,242,580 |
$2,270,085
$477,557 |
$3,494,938 |
| 3 |
$6,554,630 |
$2,385,543
$501,429 |
$3,667,658 |
| 4 |
$6,882,480 |
$2,506,848
$526,510 |
$3,849,122 |
| 5 |
$7,226,525 |
$2,634,145
$552,829 |
$4,039,551 |
| 6 |
$7,587,950 |
$2,767,872
$580,478 |
$4,239,600 |
| 7 |
$7,967,150 |
$2,908,176
$609,487 |
$4,449,487 |
| 8 |
$8,365,705 |
$3,055,641
$639,976 |
$4,670,088 |
| 9 |
$8,784,010 |
$3,210,414
$671,977 |
$4,901,619 |
| 10 |
$9,223,250 |
$3,372,933
$705,579 |
$5,144,738 |
| 11 |
$9,684,215 |
$3,543,490
$740,842 |
$5,399,883 |
| 12 |
$10,168,485 |
$3,722,670
$777,889 |
$5,667,926 |
| 13 |
$10,676,850 |
$3,910,765
$816,779 |
$5,949,306 |
| 14 |
$11,210,890 |
$4,108,360
$857,633 |
$6,244,897 |
| 15 |
$11,771,395 |
$4,315,747
$900,512 |
$6,555,136 |
| 16 |
$12,359,945 |
$4,533,510
$945,536 |
$6,880,899 |
| 17 |
$12,977,725 |
$4,762,089
$992,796 |
$7,222,840 |
| 18 |
$13,626,710 |
$5,002,213
$1,042,443 |
$7,582,054 |
| 19 |
$14,308,085 |
$5,254,322
$1,094,569 |
$7,959,194 |
| 20 |
$15,023,430 |
$5,518,999
$1,149,292 |
$8,355,139 |
| 21 |
$15,774,720 |
$5,796,977
$1,206,766 |
$8,770,977 |
| 22 |
$16,563,535 |
$6,088,838
$1,267,110 |
$9,207,587 |
| 23 |
$17,391,455 |
$6,395,169
$1,330,446 |
$9,665,840 |
| 24 |
$18,261,245 |
$6,716,991
$1,396,985 |
$10,147,269 |
| 25 |
$19,174,090 |
$7,054,744
$1,466,818 |
$10,652,528 |
| 26 |
$20,133,150 |
$7,409,596
$1,540,186 |
$11,183,368 |
| 27 |
$21,139,610 |
$7,781,986
$1,617,180 |
$11,740,444 |
| 28 |
$22,196,630 |
$8,173,083
$1,698,042 |
$12,325,505 |
| 29 |
$23,306,580 |
$8,583,765
$1,782,953 |
$12,939,862 |
| 30 |
$24,471,830 |
$9,014,907
$1,872,095 |
$13,584,828 |
|
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