Pennsylvania Lottery

PALottery 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 Pennsylvania, your state will take 3.07% 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.

Pennsylvania 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(3.07%)	$5,928,170
Net Lumpsum Payment	$115,764,500

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,261,216	-$2,276,980 -$192,219	$3,792,017
2	$6,574,464	-$2,392,882 -$201,836	$3,979,746
3	$6,903,104	-$2,514,479 -$211,925	$4,176,700
4	$7,248,384	-$2,642,232 -$222,525	$4,383,627
5	$7,610,720	-$2,776,297 -$233,649	$4,600,774
6	$7,991,360	-$2,917,134 -$245,335	$4,828,891
7	$8,390,720	-$3,064,897 -$257,595	$5,068,228
8	$8,810,464	-$3,220,202 -$270,481	$5,319,781
9	$9,251,008	-$3,383,203 -$284,006	$5,583,799
10	$9,713,600	-$3,554,362 -$298,208	$5,861,030
11	$10,199,072	-$3,733,987 -$313,112	$6,151,973
12	$10,709,088	-$3,922,693 -$328,769	$6,457,626
13	$11,244,480	-$4,120,788 -$345,206	$6,778,486
14	$11,806,912	-$4,328,888 -$362,472	$7,115,552
15	$12,397,216	-$4,547,300 -$380,595	$7,469,321
16	$13,017,056	-$4,776,641 -$399,624	$7,840,791
17	$13,667,680	-$5,017,372 -$419,598	$8,230,710
18	$14,351,168	-$5,270,263 -$440,581	$8,640,324
19	$15,068,768	-$5,535,775 -$462,611	$9,070,382
20	$15,822,144	-$5,814,524 -$485,740	$9,521,880
21	$16,613,376	-$6,107,280 -$510,031	$9,996,065
22	$17,444,128	-$6,414,658 -$535,535	$10,493,935
23	$18,316,064	-$6,737,274 -$562,303	$11,016,487
24	$19,232,096	-$7,076,206 -$590,425	$11,565,465
25	$20,193,472	-$7,431,915 -$619,940	$12,141,617
26	$21,203,520	-$7,805,633 -$650,948	$12,746,939
27	$22,263,488	-$8,197,821 -$683,489	$13,382,178
28	$23,376,704	-$8,609,711 -$717,665	$14,049,328
29	$24,545,664	-$9,042,226 -$753,552	$14,749,886
30	$25,772,864	-$9,496,290 -$791,227	$15,485,347