Mississippi Lottery

MSLottery 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 Mississippi, your state will take 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.

Mississippi 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(5%)	$9,165,000
Net Lumpsum Payment	$106,353,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$297,257	$3,487,854
2	$6,242,580	-$2,270,085 -$312,129	$3,660,366
3	$6,554,630	-$2,385,543 -$327,732	$3,841,355
4	$6,882,480	-$2,506,848 -$344,124	$4,031,508
5	$7,226,525	-$2,634,145 -$361,326	$4,231,054
6	$7,587,950	-$2,767,872 -$379,398	$4,440,680
7	$7,967,150	-$2,908,176 -$398,358	$4,660,616
8	$8,365,705	-$3,055,641 -$418,285	$4,891,779
9	$8,784,010	-$3,210,414 -$439,201	$5,134,395
10	$9,223,250	-$3,372,933 -$461,163	$5,389,154
11	$9,684,215	-$3,543,490 -$484,211	$5,656,514
12	$10,168,485	-$3,722,670 -$508,424	$5,937,391
13	$10,676,850	-$3,910,765 -$533,843	$6,232,242
14	$11,210,890	-$4,108,360 -$560,545	$6,541,985
15	$11,771,395	-$4,315,747 -$588,570	$6,867,078
16	$12,359,945	-$4,533,510 -$617,997	$7,208,438
17	$12,977,725	-$4,762,089 -$648,886	$7,566,750
18	$13,626,710	-$5,002,213 -$681,336	$7,943,161
19	$14,308,085	-$5,254,322 -$715,404	$8,338,359
20	$15,023,430	-$5,518,999 -$751,172	$8,753,259
21	$15,774,720	-$5,796,977 -$788,736	$9,189,007
22	$16,563,535	-$6,088,838 -$828,177	$9,646,520
23	$17,391,455	-$6,395,169 -$869,573	$10,126,713
24	$18,261,245	-$6,716,991 -$913,062	$10,631,192
25	$19,174,090	-$7,054,744 -$958,705	$11,160,641
26	$20,133,150	-$7,409,596 -$1,006,658	$11,716,896
27	$21,139,610	-$7,781,986 -$1,056,981	$12,300,643
28	$22,196,630	-$8,173,083 -$1,109,832	$12,913,715
29	$23,306,580	-$8,583,765 -$1,165,329	$13,557,486
30	$24,471,830	-$9,014,907 -$1,223,592	$14,233,331