Ohio Lottery

OHLottery 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 Ohio, your state will take 3.99% 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.

Ohio 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(3.99%)	$7,313,670
Net Lumpsum Payment	$108,205,000

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$237,211	$3,547,900
2	$6,242,580	-$2,270,085 -$249,079	$3,723,416
3	$6,554,630	-$2,385,543 -$261,530	$3,907,557
4	$6,882,480	-$2,506,848 -$274,611	$4,101,021
5	$7,226,525	-$2,634,145 -$288,338	$4,304,042
6	$7,587,950	-$2,767,872 -$302,759	$4,517,319
7	$7,967,150	-$2,908,176 -$317,889	$4,741,085
8	$8,365,705	-$3,055,641 -$333,792	$4,976,272
9	$8,784,010	-$3,210,414 -$350,482	$5,223,114
10	$9,223,250	-$3,372,933 -$368,008	$5,482,309
11	$9,684,215	-$3,543,490 -$386,400	$5,754,325
12	$10,168,485	-$3,722,670 -$405,723	$6,040,092
13	$10,676,850	-$3,910,765 -$426,006	$6,340,079
14	$11,210,890	-$4,108,360 -$447,315	$6,655,215
15	$11,771,395	-$4,315,747 -$469,679	$6,985,969
16	$12,359,945	-$4,533,510 -$493,162	$7,333,273
17	$12,977,725	-$4,762,089 -$517,811	$7,697,825
18	$13,626,710	-$5,002,213 -$543,706	$8,080,791
19	$14,308,085	-$5,254,322 -$570,893	$8,482,870
20	$15,023,430	-$5,518,999 -$599,435	$8,904,996
21	$15,774,720	-$5,796,977 -$629,411	$9,348,332
22	$16,563,535	-$6,088,838 -$660,885	$9,813,812
23	$17,391,455	-$6,395,169 -$693,919	$10,302,367
24	$18,261,245	-$6,716,991 -$728,624	$10,815,630
25	$19,174,090	-$7,054,744 -$765,046	$11,354,300
26	$20,133,150	-$7,409,596 -$803,313	$11,920,241
27	$21,139,610	-$7,781,986 -$843,470	$12,514,154
28	$22,196,630	-$8,173,083 -$885,646	$13,137,901
29	$23,306,580	-$8,583,765 -$929,933	$13,792,882
30	$24,471,830	-$9,014,907 -$976,426	$14,480,497