Texas Lottery

TXLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 8, 2026 is estimated to be $193 Million, with a cash option of 82.8 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 Tue Sep 8, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 8, 2026	$193,000,000	$82,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,800,000
Federal Tax(24%)	$19,872,000
Additional Federal Tax	$10,724,330
State Tax(0%)	$0
Net Lumpsum Payment	$52,203,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,904,843	-$1,035,122 -$0	$1,869,721
2	$3,050,172	-$1,088,894 -$0	$1,961,278
3	$3,202,642	-$1,145,308 -$0	$2,057,334
4	$3,362,832	-$1,204,578 -$0	$2,158,254
5	$3,530,935	-$1,266,776 -$0	$2,264,159
6	$3,707,530	-$1,332,116 -$0	$2,375,414
7	$3,892,810	-$1,400,670 -$0	$2,492,140
8	$4,087,547	-$1,472,723 -$0	$2,614,824
9	$4,291,934	-$1,548,346 -$0	$2,743,588
10	$4,506,550	-$1,627,754 -$0	$2,878,796
11	$4,731,781	-$1,711,089 -$0	$3,020,692
12	$4,968,399	-$1,798,638 -$0	$3,169,761
13	$5,216,790	-$1,890,543 -$0	$3,326,247
14	$5,477,726	-$1,987,089 -$0	$3,490,637
15	$5,751,593	-$2,088,420 -$0	$3,663,173
16	$6,039,163	-$2,194,821 -$0	$3,844,342
17	$6,341,015	-$2,306,506 -$0	$4,034,509
18	$6,658,114	-$2,423,833 -$0	$4,234,281
19	$6,991,039	-$2,547,015 -$0	$4,444,024
20	$7,340,562	-$2,676,338 -$0	$4,664,224
21	$7,707,648	-$2,812,160 -$0	$4,895,488
22	$8,093,069	-$2,954,766 -$0	$5,138,303
23	$8,497,597	-$3,104,441 -$0	$5,393,156
24	$8,922,583	-$3,261,686 -$0	$5,660,897
25	$9,368,606	-$3,426,715 -$0	$5,941,891
26	$9,837,210	-$3,600,098 -$0	$6,237,112
27	$10,328,974	-$3,782,051 -$0	$6,546,923
28	$10,845,442	-$3,973,144 -$0	$6,872,298
29	$11,387,772	-$4,173,806 -$0	$7,213,966
30	$11,957,122	-$4,384,466 -$0	$7,572,656