The jackpot for the MEGA Millions draw on Tue Feb 17, 2026, is projected to be $395 Million, with an option for a cash payout of $183.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Indiana residents, the state will deduct 3.15% from your lottery earnings.
| Indiana MEGA Millions Jackpot/Cash Option for Tue Feb 17, 2026 |
|---|
| Draw Date | Tue Feb 17, 2026 | | Projected Jackpot | $395,000,000 | | Cash Value | $183,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $183,300,000 | | Federal Tax(24%) | $43,992,000 | | Additional Federal Tax | $23,789,330 | | State Tax(3.15%) | $5,773,950 | | Net Lumpsum Payment | $109,744,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$187,272 |
$3,597,839 |
| 2 |
$6,242,580 |
$2,270,085
$196,641 |
$3,775,854 |
| 3 |
$6,554,630 |
$2,385,543
$206,471 |
$3,962,616 |
| 4 |
$6,882,480 |
$2,506,848
$216,798 |
$4,158,834 |
| 5 |
$7,226,525 |
$2,634,145
$227,636 |
$4,364,744 |
| 6 |
$7,587,950 |
$2,767,872
$239,020 |
$4,581,058 |
| 7 |
$7,967,150 |
$2,908,176
$250,965 |
$4,808,009 |
| 8 |
$8,365,705 |
$3,055,641
$263,520 |
$5,046,544 |
| 9 |
$8,784,010 |
$3,210,414
$276,696 |
$5,296,900 |
| 10 |
$9,223,250 |
$3,372,933
$290,532 |
$5,559,785 |
| 11 |
$9,684,215 |
$3,543,490
$305,053 |
$5,835,672 |
| 12 |
$10,168,485 |
$3,722,670
$320,307 |
$6,125,508 |
| 13 |
$10,676,850 |
$3,910,765
$336,321 |
$6,429,764 |
| 14 |
$11,210,890 |
$4,108,360
$353,143 |
$6,749,387 |
| 15 |
$11,771,395 |
$4,315,747
$370,799 |
$7,084,849 |
| 16 |
$12,359,945 |
$4,533,510
$389,338 |
$7,437,097 |
| 17 |
$12,977,725 |
$4,762,089
$408,798 |
$7,806,838 |
| 18 |
$13,626,710 |
$5,002,213
$429,241 |
$8,195,256 |
| 19 |
$14,308,085 |
$5,254,322
$450,705 |
$8,603,058 |
| 20 |
$15,023,430 |
$5,518,999
$473,238 |
$9,031,193 |
| 21 |
$15,774,720 |
$5,796,977
$496,904 |
$9,480,839 |
| 22 |
$16,563,535 |
$6,088,838
$521,751 |
$9,952,946 |
| 23 |
$17,391,455 |
$6,395,169
$547,831 |
$10,448,455 |
| 24 |
$18,261,245 |
$6,716,991
$575,229 |
$10,969,025 |
| 25 |
$19,174,090 |
$7,054,744
$603,984 |
$11,515,362 |
| 26 |
$20,133,150 |
$7,409,596
$634,194 |
$12,089,360 |
| 27 |
$21,139,610 |
$7,781,986
$665,898 |
$12,691,726 |
| 28 |
$22,196,630 |
$8,173,083
$699,194 |
$13,324,353 |
| 29 |
$23,306,580 |
$8,583,765
$734,157 |
$13,988,658 |
| 30 |
$24,471,830 |
$9,014,907
$770,863 |
$14,686,060 |
|
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