Texas Lottery

TXLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Mar 6, 2026 is estimated to be $496 Million, with a cash option of 232.6 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 Mar 6, 2026

Draw Date	Jackpot	Cash Option
Fri Mar 6, 2026	$496,000,000	$232,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$232,600,000
Federal Tax(24%)	$55,824,000
Additional Federal Tax	$30,198,330
State Tax(0%)	$0
Net Lumpsum Payment	$146,577,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,465,296	-$2,722,490 -$0	$4,742,806
2	$7,838,784	-$2,860,680 -$0	$4,978,104
3	$8,230,624	-$3,005,661 -$0	$5,224,963
4	$8,642,304	-$3,157,983 -$0	$5,484,321
5	$9,074,320	-$3,317,829 -$0	$5,756,491
6	$9,528,160	-$3,485,750 -$0	$6,042,410
7	$10,004,320	-$3,661,929 -$0	$6,342,391
8	$10,504,784	-$3,847,100 -$0	$6,657,684
9	$11,030,048	-$4,041,448 -$0	$6,988,600
10	$11,581,600	-$4,245,522 -$0	$7,336,078
11	$12,160,432	-$4,459,690 -$0	$7,700,742
12	$12,768,528	-$4,684,686 -$0	$8,083,842
13	$13,406,880	-$4,920,876 -$0	$8,486,004
14	$14,077,472	-$5,168,995 -$0	$8,908,477
15	$14,781,296	-$5,429,410 -$0	$9,351,886
16	$15,520,336	-$5,702,855 -$0	$9,817,481
17	$16,296,080	-$5,989,880 -$0	$10,306,200
18	$17,111,008	-$6,291,403 -$0	$10,819,605
19	$17,966,608	-$6,607,975 -$0	$11,358,633
20	$18,864,864	-$6,940,330 -$0	$11,924,534
21	$19,808,256	-$7,289,385 -$0	$12,518,871
22	$20,798,768	-$7,655,875 -$0	$13,142,893
23	$21,838,384	-$8,040,532 -$0	$13,797,852
24	$22,930,576	-$8,444,644 -$0	$14,485,932
25	$24,076,832	-$8,868,758 -$0	$15,208,074
26	$25,281,120	-$9,314,345 -$0	$15,966,775
27	$26,544,928	-$9,781,954 -$0	$16,762,974
28	$27,872,224	-$10,273,053 -$0	$17,599,171
29	$29,265,984	-$10,788,744 -$0	$18,477,240
30	$30,729,184	-$11,330,128 -$0	$19,399,056