Texas Lottery

TXLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 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 Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(0%)	$0
Net Lumpsum Payment	$148,215,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$0	$5,302,252
2	$8,771,220	-$3,205,682 -$0	$5,565,538
3	$9,209,670	-$3,367,908 -$0	$5,841,762
4	$9,670,320	-$3,538,349 -$0	$6,131,971
5	$10,153,725	-$3,717,209 -$0	$6,436,516
6	$10,661,550	-$3,905,104 -$0	$6,756,446
7	$11,194,350	-$4,102,240 -$0	$7,092,110
8	$11,754,345	-$4,309,438 -$0	$7,444,907
9	$12,342,090	-$4,526,904 -$0	$7,815,186
10	$12,959,250	-$4,755,253 -$0	$8,203,997
11	$13,606,935	-$4,994,896 -$0	$8,612,039
12	$14,287,365	-$5,246,655 -$0	$9,040,710
13	$15,001,650	-$5,510,941 -$0	$9,490,709
14	$15,752,010	-$5,788,574 -$0	$9,963,436
15	$16,539,555	-$6,079,966 -$0	$10,459,589
16	$17,366,505	-$6,385,937 -$0	$10,980,568
17	$18,234,525	-$6,707,105 -$0	$11,527,420
18	$19,146,390	-$7,044,495 -$0	$12,101,895
19	$20,103,765	-$7,398,723 -$0	$12,705,042
20	$21,108,870	-$7,770,612 -$0	$13,338,258
21	$22,164,480	-$8,161,188 -$0	$14,003,292
22	$23,272,815	-$8,571,272 -$0	$14,701,543
23	$24,436,095	-$9,001,686 -$0	$15,434,409
24	$25,658,205	-$9,453,866 -$0	$16,204,339
25	$26,940,810	-$9,928,430 -$0	$17,012,380
26	$28,288,350	-$10,427,020 -$0	$17,861,330
27	$29,702,490	-$10,950,252 -$0	$18,752,238
28	$31,187,670	-$11,499,768 -$0	$19,687,902
29	$32,747,220	-$12,076,802 -$0	$20,670,418
30	$34,384,470	-$12,682,584 -$0	$21,701,886