Colorado Lottery

COLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 17, 2026 is estimated to be $395 Million, with a cash option of 183.3 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. Additionally, if you are a resident of Colorado, your state will take 4% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Colorado MEGA Millions Jackpot/Cash Option for Tue Feb 17, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 17, 2026	$395,000,000	$183,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$183,300,000
Federal Tax(24%)	$43,992,000
Additional Federal Tax	$23,789,330
State Tax(4%)	$7,332,000
Net Lumpsum Payment	$108,186,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$237,806	$3,547,305
2	$6,242,580	-$2,270,085 -$249,703	$3,722,792
3	$6,554,630	-$2,385,543 -$262,185	$3,906,902
4	$6,882,480	-$2,506,848 -$275,299	$4,100,333
5	$7,226,525	-$2,634,145 -$289,061	$4,303,319
6	$7,587,950	-$2,767,872 -$303,518	$4,516,560
7	$7,967,150	-$2,908,176 -$318,686	$4,740,288
8	$8,365,705	-$3,055,641 -$334,628	$4,975,436
9	$8,784,010	-$3,210,414 -$351,360	$5,222,236
10	$9,223,250	-$3,372,933 -$368,930	$5,481,387
11	$9,684,215	-$3,543,490 -$387,369	$5,753,356
12	$10,168,485	-$3,722,670 -$406,739	$6,039,076
13	$10,676,850	-$3,910,765 -$427,074	$6,339,011
14	$11,210,890	-$4,108,360 -$448,436	$6,654,094
15	$11,771,395	-$4,315,747 -$470,856	$6,984,792
16	$12,359,945	-$4,533,510 -$494,398	$7,332,037
17	$12,977,725	-$4,762,089 -$519,109	$7,696,527
18	$13,626,710	-$5,002,213 -$545,068	$8,079,429
19	$14,308,085	-$5,254,322 -$572,323	$8,481,440
20	$15,023,430	-$5,518,999 -$600,937	$8,903,494
21	$15,774,720	-$5,796,977 -$630,989	$9,346,754
22	$16,563,535	-$6,088,838 -$662,541	$9,812,156
23	$17,391,455	-$6,395,169 -$695,658	$10,300,628
24	$18,261,245	-$6,716,991 -$730,450	$10,813,804
25	$19,174,090	-$7,054,744 -$766,964	$11,352,382
26	$20,133,150	-$7,409,596 -$805,326	$11,918,228
27	$21,139,610	-$7,781,986 -$845,584	$12,512,040
28	$22,196,630	-$8,173,083 -$887,865	$13,135,682
29	$23,306,580	-$8,583,765 -$932,263	$13,790,552
30	$24,471,830	-$9,014,907 -$978,873	$14,478,050