Texas Lottery

TXLottery 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. The good news is that if you're a resident of Texas, you won't owe any state tax on 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.

Texas 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(0%)	$0
Net Lumpsum Payment	$109,785,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,794,635	-$2,104,345 -$0	$3,690,290
2	$6,084,540	-$2,211,610 -$0	$3,872,930
3	$6,388,690	-$2,324,146 -$0	$4,064,544
4	$6,708,240	-$2,442,379 -$0	$4,265,861
5	$7,043,575	-$2,566,453 -$0	$4,477,122
6	$7,395,850	-$2,696,795 -$0	$4,699,055
7	$7,765,450	-$2,833,547 -$0	$4,931,903
8	$8,153,915	-$2,977,279 -$0	$5,176,636
9	$8,561,630	-$3,128,133 -$0	$5,433,497
10	$8,989,750	-$3,286,538 -$0	$5,703,212
11	$9,439,045	-$3,452,777 -$0	$5,986,268
12	$9,911,055	-$3,627,421 -$0	$6,283,634
13	$10,406,550	-$3,810,754 -$0	$6,595,796
14	$10,927,070	-$4,003,346 -$0	$6,923,724
15	$11,473,385	-$4,205,483 -$0	$7,267,902
16	$12,047,035	-$4,417,733 -$0	$7,629,302
17	$12,649,175	-$4,640,525 -$0	$8,008,650
18	$13,281,730	-$4,874,570 -$0	$8,407,160
19	$13,945,855	-$5,120,297 -$0	$8,825,558
20	$14,643,090	-$5,378,274 -$0	$9,264,816
21	$15,375,360	-$5,649,214 -$0	$9,726,146
22	$16,144,205	-$5,933,686 -$0	$10,210,519
23	$16,951,165	-$6,232,261 -$0	$10,718,904
24	$17,798,935	-$6,545,936 -$0	$11,252,999
25	$18,688,670	-$6,875,138 -$0	$11,813,532
26	$19,623,450	-$7,221,007 -$0	$12,402,443
27	$20,604,430	-$7,583,969 -$0	$13,020,461
28	$21,634,690	-$7,965,166 -$0	$13,669,524
29	$22,716,540	-$8,365,450 -$0	$14,351,090
30	$23,852,290	-$8,785,678 -$0	$15,066,612