Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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 Minnesota, your state will take 7.25% 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.

Minnesota MEGA Millions Jackpot/Cash Option for Tue Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(7.25%)	$13,289,250
Net Lumpsum Payment	$102,229,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$431,023	$3,354,088
2	$6,242,580	-$2,270,085 -$452,587	$3,519,908
3	$6,554,630	-$2,385,543 -$475,211	$3,693,876
4	$6,882,480	-$2,506,848 -$498,980	$3,876,652
5	$7,226,525	-$2,634,145 -$523,923	$4,068,457
6	$7,587,950	-$2,767,872 -$550,126	$4,269,952
7	$7,967,150	-$2,908,176 -$577,618	$4,481,356
8	$8,365,705	-$3,055,641 -$606,514	$4,703,550
9	$8,784,010	-$3,210,414 -$636,841	$4,936,755
10	$9,223,250	-$3,372,933 -$668,686	$5,181,631
11	$9,684,215	-$3,543,490 -$702,106	$5,438,619
12	$10,168,485	-$3,722,670 -$737,215	$5,708,600
13	$10,676,850	-$3,910,765 -$774,072	$5,992,013
14	$11,210,890	-$4,108,360 -$812,790	$6,289,740
15	$11,771,395	-$4,315,747 -$853,426	$6,602,222
16	$12,359,945	-$4,533,510 -$896,096	$6,930,339
17	$12,977,725	-$4,762,089 -$940,885	$7,274,751
18	$13,626,710	-$5,002,213 -$987,936	$7,636,561
19	$14,308,085	-$5,254,322 -$1,037,336	$8,016,427
20	$15,023,430	-$5,518,999 -$1,089,199	$8,415,232
21	$15,774,720	-$5,796,977 -$1,143,667	$8,834,076
22	$16,563,535	-$6,088,838 -$1,200,856	$9,273,841
23	$17,391,455	-$6,395,169 -$1,260,880	$9,735,406
24	$18,261,245	-$6,716,991 -$1,323,940	$10,220,314
25	$19,174,090	-$7,054,744 -$1,390,122	$10,729,224
26	$20,133,150	-$7,409,596 -$1,459,653	$11,263,901
27	$21,139,610	-$7,781,986 -$1,532,622	$11,825,002
28	$22,196,630	-$8,173,083 -$1,609,256	$12,414,291
29	$23,306,580	-$8,583,765 -$1,689,727	$13,033,088
30	$24,471,830	-$9,014,907 -$1,774,208	$13,682,715