Washington Lottery

WALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 6, 2026 is estimated to be $346 Million, with a cash option of 156.1 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. The good news is that if you're a resident of Washington, 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.

Washington MEGA Millions Jackpot/Cash Option for Fri Feb 6, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 6, 2026	$346,000,000	$156,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$156,100,000
Federal Tax(24%)	$37,464,000
Additional Federal Tax	$20,253,330
State Tax(0%)	$0
Net Lumpsum Payment	$98,382,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$0	$3,320,487
2	$5,468,184	-$1,983,558 -$0	$3,484,626
3	$5,741,524	-$2,084,694 -$0	$3,656,830
4	$6,028,704	-$2,190,951 -$0	$3,837,753
5	$6,330,070	-$2,302,456 -$0	$4,027,614
6	$6,646,660	-$2,419,595 -$0	$4,227,065
7	$6,978,820	-$2,542,494 -$0	$4,436,326
8	$7,327,934	-$2,671,666 -$0	$4,656,268
9	$7,694,348	-$2,807,239 -$0	$4,887,109
10	$8,079,100	-$2,949,597 -$0	$5,129,503
11	$8,482,882	-$3,098,997 -$0	$5,383,885
12	$8,907,078	-$3,255,949 -$0	$5,651,129
13	$9,352,380	-$3,420,711 -$0	$5,931,669
14	$9,820,172	-$3,593,794 -$0	$6,226,378
15	$10,311,146	-$3,775,454 -$0	$6,535,692
16	$10,826,686	-$3,966,204 -$0	$6,860,482
17	$11,367,830	-$4,166,427 -$0	$7,201,403
18	$11,936,308	-$4,376,764 -$0	$7,559,544
19	$12,533,158	-$4,597,599 -$0	$7,935,559
20	$13,159,764	-$4,829,443 -$0	$8,330,321
21	$13,817,856	-$5,072,937 -$0	$8,744,919
22	$14,508,818	-$5,328,593 -$0	$9,180,225
23	$15,234,034	-$5,596,923 -$0	$9,637,111
24	$15,995,926	-$5,878,823 -$0	$10,117,103
25	$16,795,532	-$6,174,677 -$0	$10,620,855
26	$17,635,620	-$6,485,510 -$0	$11,150,110
27	$18,517,228	-$6,811,705 -$0	$11,705,523
28	$19,443,124	-$7,154,286 -$0	$12,288,838
29	$20,415,384	-$7,514,022 -$0	$12,901,362
30	$21,436,084	-$7,891,681 -$0	$13,544,403