Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 20, 2026 is estimated to be $416 Million, with a cash option of 193.1 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts MEGA Millions Jackpot/Cash Option for Fri Feb 20, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 20, 2026	$416,000,000	$193,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$193,100,000
Federal Tax(24%)	$46,344,000
Additional Federal Tax	$25,063,330
State Tax(5%)	$9,655,000
Net Lumpsum Payment	$112,037,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,261,216	-$2,276,980 -$313,061	$3,671,175
2	$6,574,464	-$2,392,882 -$328,723	$3,852,859
3	$6,903,104	-$2,514,479 -$345,155	$4,043,470
4	$7,248,384	-$2,642,232 -$362,419	$4,243,733
5	$7,610,720	-$2,776,297 -$380,536	$4,453,887
6	$7,991,360	-$2,917,134 -$399,568	$4,674,658
7	$8,390,720	-$3,064,897 -$419,536	$4,906,287
8	$8,810,464	-$3,220,202 -$440,523	$5,149,739
9	$9,251,008	-$3,383,203 -$462,550	$5,405,255
10	$9,713,600	-$3,554,362 -$485,680	$5,673,558
11	$10,199,072	-$3,733,987 -$509,954	$5,955,131
12	$10,709,088	-$3,922,693 -$535,454	$6,250,941
13	$11,244,480	-$4,120,788 -$562,224	$6,561,468
14	$11,806,912	-$4,328,888 -$590,346	$6,887,678
15	$12,397,216	-$4,547,300 -$619,861	$7,230,055
16	$13,017,056	-$4,776,641 -$650,853	$7,589,562
17	$13,667,680	-$5,017,372 -$683,384	$7,966,924
18	$14,351,168	-$5,270,263 -$717,558	$8,363,347
19	$15,068,768	-$5,535,775 -$753,438	$8,779,555
20	$15,822,144	-$5,814,524 -$791,107	$9,216,513
21	$16,613,376	-$6,107,280 -$830,669	$9,675,427
22	$17,444,128	-$6,414,658 -$872,206	$10,157,264
23	$18,316,064	-$6,737,274 -$915,803	$10,662,987
24	$19,232,096	-$7,076,206 -$961,605	$11,194,285
25	$20,193,472	-$7,431,915 -$1,009,674	$11,751,883
26	$21,203,520	-$7,805,633 -$1,060,176	$12,337,711
27	$22,263,488	-$8,197,821 -$1,113,174	$12,952,493
28	$23,376,704	-$8,609,711 -$1,168,835	$13,598,158
29	$24,545,664	-$9,042,226 -$1,227,283	$14,276,155
30	$25,772,864	-$9,496,290 -$1,288,643	$14,987,931