New York Lottery

NYLottery 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 New York, your state will take 8.82% 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.

New York 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(8.82%)	$16,167,060
Net Lumpsum Payment	$99,351,610

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$524,362	$3,260,749
2	$6,242,580	-$2,270,085 -$550,596	$3,421,899
3	$6,554,630	-$2,385,543 -$578,118	$3,590,969
4	$6,882,480	-$2,506,848 -$607,035	$3,768,597
5	$7,226,525	-$2,634,145 -$637,380	$3,955,000
6	$7,587,950	-$2,767,872 -$669,257	$4,150,821
7	$7,967,150	-$2,908,176 -$702,703	$4,356,271
8	$8,365,705	-$3,055,641 -$737,855	$4,572,209
9	$8,784,010	-$3,210,414 -$774,750	$4,798,846
10	$9,223,250	-$3,372,933 -$813,491	$5,036,826
11	$9,684,215	-$3,543,490 -$854,148	$5,286,577
12	$10,168,485	-$3,722,670 -$896,860	$5,548,955
13	$10,676,850	-$3,910,765 -$941,698	$5,824,387
14	$11,210,890	-$4,108,360 -$988,800	$6,113,730
15	$11,771,395	-$4,315,747 -$1,038,237	$6,417,411
16	$12,359,945	-$4,533,510 -$1,090,147	$6,736,288
17	$12,977,725	-$4,762,089 -$1,144,635	$7,071,001
18	$13,626,710	-$5,002,213 -$1,201,876	$7,422,621
19	$14,308,085	-$5,254,322 -$1,261,973	$7,791,790
20	$15,023,430	-$5,518,999 -$1,325,067	$8,179,364
21	$15,774,720	-$5,796,977 -$1,391,330	$8,586,413
22	$16,563,535	-$6,088,838 -$1,460,904	$9,013,793
23	$17,391,455	-$6,395,169 -$1,533,926	$9,462,360
24	$18,261,245	-$6,716,991 -$1,610,642	$9,933,612
25	$19,174,090	-$7,054,744 -$1,691,155	$10,428,191
26	$20,133,150	-$7,409,596 -$1,775,744	$10,947,810
27	$21,139,610	-$7,781,986 -$1,864,514	$11,493,110
28	$22,196,630	-$8,173,083 -$1,957,743	$12,065,804
29	$23,306,580	-$8,583,765 -$2,055,640	$12,667,175
30	$24,471,830	-$9,014,907 -$2,158,415	$13,298,508