Pennsylvania Lottery

PALottery 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 Pennsylvania, your state will take 3.07% 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.

Pennsylvania 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(3.07%)	$5,627,310
Net Lumpsum Payment	$109,891,360

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,945,145	-$2,160,034 -$182,516	$3,602,595
2	$6,242,580	-$2,270,085 -$191,647	$3,780,848
3	$6,554,630	-$2,385,543 -$201,227	$3,967,860
4	$6,882,480	-$2,506,848 -$211,292	$4,164,340
5	$7,226,525	-$2,634,145 -$221,854	$4,370,526
6	$7,587,950	-$2,767,872 -$232,950	$4,587,128
7	$7,967,150	-$2,908,176 -$244,592	$4,814,382
8	$8,365,705	-$3,055,641 -$256,827	$5,053,237
9	$8,784,010	-$3,210,414 -$269,669	$5,303,927
10	$9,223,250	-$3,372,933 -$283,154	$5,567,163
11	$9,684,215	-$3,543,490 -$297,305	$5,843,420
12	$10,168,485	-$3,722,670 -$312,172	$6,133,643
13	$10,676,850	-$3,910,765 -$327,779	$6,438,306
14	$11,210,890	-$4,108,360 -$344,174	$6,758,356
15	$11,771,395	-$4,315,747 -$361,382	$7,094,266
16	$12,359,945	-$4,533,510 -$379,450	$7,446,985
17	$12,977,725	-$4,762,089 -$398,416	$7,817,220
18	$13,626,710	-$5,002,213 -$418,340	$8,206,157
19	$14,308,085	-$5,254,322 -$439,258	$8,614,505
20	$15,023,430	-$5,518,999 -$461,219	$9,043,212
21	$15,774,720	-$5,796,977 -$484,284	$9,493,459
22	$16,563,535	-$6,088,838 -$508,501	$9,966,196
23	$17,391,455	-$6,395,169 -$533,918	$10,462,368
24	$18,261,245	-$6,716,991 -$560,620	$10,983,634
25	$19,174,090	-$7,054,744 -$588,645	$11,530,701
26	$20,133,150	-$7,409,596 -$618,088	$12,105,466
27	$21,139,610	-$7,781,986 -$648,986	$12,708,638
28	$22,196,630	-$8,173,083 -$681,437	$13,342,110
29	$23,306,580	-$8,583,765 -$715,512	$14,007,303
30	$24,471,830	-$9,014,907 -$751,285	$14,705,638