Washington Lottery

WALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Feb 27, 2026 is estimated to be $458 Million, with a cash option of 212.4 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 27, 2026

Draw Date	Jackpot	Cash Option
Fri Feb 27, 2026	$458,000,000	$212,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$212,400,000
Federal Tax(24%)	$50,976,000
Additional Federal Tax	$27,572,330
State Tax(0%)	$0
Net Lumpsum Payment	$133,851,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,893,358	-$2,510,873 -$0	$4,382,485
2	$7,238,232	-$2,638,476 -$0	$4,599,756
3	$7,600,052	-$2,772,350 -$0	$4,827,702
4	$7,980,192	-$2,913,001 -$0	$5,067,191
5	$8,379,110	-$3,060,601 -$0	$5,318,509
6	$8,798,180	-$3,215,657 -$0	$5,582,523
7	$9,237,860	-$3,378,339 -$0	$5,859,521
8	$9,699,982	-$3,549,324 -$0	$6,150,658
9	$10,185,004	-$3,728,782 -$0	$6,456,222
10	$10,694,300	-$3,917,221 -$0	$6,777,079
11	$11,228,786	-$4,114,981 -$0	$7,113,805
12	$11,790,294	-$4,322,739 -$0	$7,467,555
13	$12,379,740	-$4,540,834 -$0	$7,838,906
14	$12,998,956	-$4,769,944 -$0	$8,229,012
15	$13,648,858	-$5,010,408 -$0	$8,638,450
16	$14,331,278	-$5,262,903 -$0	$9,068,375
17	$15,047,590	-$5,527,939 -$0	$9,519,651
18	$15,800,084	-$5,806,361 -$0	$9,993,723
19	$16,590,134	-$6,098,680 -$0	$10,491,454
20	$17,419,572	-$6,405,572 -$0	$11,014,000
21	$18,290,688	-$6,727,885 -$0	$11,562,803
22	$19,205,314	-$7,066,297 -$0	$12,139,017
23	$20,165,282	-$7,421,485 -$0	$12,743,797
24	$21,173,798	-$7,794,636 -$0	$13,379,162
25	$22,232,236	-$8,186,258 -$0	$14,045,978
26	$23,344,260	-$8,597,707 -$0	$14,746,553
27	$24,511,244	-$9,029,491 -$0	$15,481,753
28	$25,736,852	-$9,482,966 -$0	$16,253,886
29	$27,023,832	-$9,959,148 -$0	$17,064,684
30	$28,374,932	-$10,459,055 -$0	$17,915,877