Kentucky Lottery

KYLottery 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 Kentucky, your state will take 4.5% 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.

Kentucky 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(4.5%)	$8,248,500
Net Lumpsum Payment	$107,270,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$267,532	$3,517,579
2	$6,242,580	-$2,270,085 -$280,916	$3,691,579
3	$6,554,630	-$2,385,543 -$294,958	$3,874,129
4	$6,882,480	-$2,506,848 -$309,712	$4,065,920
5	$7,226,525	-$2,634,145 -$325,194	$4,267,186
6	$7,587,950	-$2,767,872 -$341,458	$4,478,620
7	$7,967,150	-$2,908,176 -$358,522	$4,700,452
8	$8,365,705	-$3,055,641 -$376,457	$4,933,607
9	$8,784,010	-$3,210,414 -$395,280	$5,178,316
10	$9,223,250	-$3,372,933 -$415,046	$5,435,271
11	$9,684,215	-$3,543,490 -$435,790	$5,704,935
12	$10,168,485	-$3,722,670 -$457,582	$5,988,233
13	$10,676,850	-$3,910,765 -$480,458	$6,285,627
14	$11,210,890	-$4,108,360 -$504,490	$6,598,040
15	$11,771,395	-$4,315,747 -$529,713	$6,925,935
16	$12,359,945	-$4,533,510 -$556,198	$7,270,237
17	$12,977,725	-$4,762,089 -$583,998	$7,631,638
18	$13,626,710	-$5,002,213 -$613,202	$8,011,295
19	$14,308,085	-$5,254,322 -$643,864	$8,409,899
20	$15,023,430	-$5,518,999 -$676,054	$8,828,377
21	$15,774,720	-$5,796,977 -$709,862	$9,267,881
22	$16,563,535	-$6,088,838 -$745,359	$9,729,338
23	$17,391,455	-$6,395,169 -$782,615	$10,213,671
24	$18,261,245	-$6,716,991 -$821,756	$10,722,498
25	$19,174,090	-$7,054,744 -$862,834	$11,256,512
26	$20,133,150	-$7,409,596 -$905,992	$11,817,562
27	$21,139,610	-$7,781,986 -$951,282	$12,406,342
28	$22,196,630	-$8,173,083 -$998,848	$13,024,699
29	$23,306,580	-$8,583,765 -$1,048,796	$13,674,019
30	$24,471,830	-$9,014,907 -$1,101,232	$14,355,691