Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 13, 2026 is estimated to be $385 Million, with a cash option of 174.2 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 Mississippi, 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.

Mississippi MEGA Millions Jackpot/Cash Option for Fri Feb 13, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 13, 2026	$385,000,000	$174,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$174,200,000
Federal Tax(24%)	$41,808,000
Additional Federal Tax	$22,606,330
State Tax(5%)	$8,710,000
Net Lumpsum Payment	$101,075,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,794,635	-$2,104,345 -$289,732	$3,400,558
2	$6,084,540	-$2,211,610 -$304,227	$3,568,703
3	$6,388,690	-$2,324,146 -$319,435	$3,745,109
4	$6,708,240	-$2,442,379 -$335,412	$3,930,449
5	$7,043,575	-$2,566,453 -$352,179	$4,124,943
6	$7,395,850	-$2,696,795 -$369,793	$4,329,262
7	$7,765,450	-$2,833,547 -$388,273	$4,543,630
8	$8,153,915	-$2,977,279 -$407,696	$4,768,940
9	$8,561,630	-$3,128,133 -$428,082	$5,005,415
10	$8,989,750	-$3,286,538 -$449,488	$5,253,724
11	$9,439,045	-$3,452,777 -$471,952	$5,514,316
12	$9,911,055	-$3,627,421 -$495,553	$5,788,081
13	$10,406,550	-$3,810,754 -$520,328	$6,075,468
14	$10,927,070	-$4,003,346 -$546,354	$6,377,370
15	$11,473,385	-$4,205,483 -$573,669	$6,694,233
16	$12,047,035	-$4,417,733 -$602,352	$7,026,950
17	$12,649,175	-$4,640,525 -$632,459	$7,376,191
18	$13,281,730	-$4,874,570 -$664,087	$7,743,073
19	$13,945,855	-$5,120,297 -$697,293	$8,128,265
20	$14,643,090	-$5,378,274 -$732,155	$8,532,661
21	$15,375,360	-$5,649,214 -$768,768	$8,957,378
22	$16,144,205	-$5,933,686 -$807,210	$9,403,309
23	$16,951,165	-$6,232,261 -$847,558	$9,871,346
24	$17,798,935	-$6,545,936 -$889,947	$10,363,052
25	$18,688,670	-$6,875,138 -$934,434	$10,879,098
26	$19,623,450	-$7,221,007 -$981,173	$11,421,270
27	$20,604,430	-$7,583,969 -$1,030,222	$11,990,239
28	$21,634,690	-$7,965,166 -$1,081,735	$12,587,789
29	$22,716,540	-$8,365,450 -$1,135,827	$13,215,263
30	$23,852,290	-$8,785,678 -$1,192,615	$13,873,997