The jackpot for the MEGA Millions draw on Fri Feb 13, 2026, is projected to be $385 Million, with an option for a cash payout of $174.2 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 New Jersey residents, the state will deduct 8% from your lottery earnings.
| New Jersey MEGA Millions Jackpot/Cash Option for Fri Feb 13, 2026 |
|---|
| Draw Date | Fri Feb 13, 2026 | | Projected Jackpot | $385,000,000 | | Cash Value | $174,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $174,200,000 | | Federal Tax(24%) | $41,808,000 | | Additional Federal Tax | $22,606,330 | | State Tax(8%) | $13,936,000 | | Net Lumpsum Payment | $95,849,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,794,635 |
$2,104,345
$463,571 |
$3,226,719 |
| 2 |
$6,084,540 |
$2,211,610
$486,763 |
$3,386,167 |
| 3 |
$6,388,690 |
$2,324,146
$511,095 |
$3,553,449 |
| 4 |
$6,708,240 |
$2,442,379
$536,659 |
$3,729,202 |
| 5 |
$7,043,575 |
$2,566,453
$563,486 |
$3,913,636 |
| 6 |
$7,395,850 |
$2,696,795
$591,668 |
$4,107,387 |
| 7 |
$7,765,450 |
$2,833,547
$621,236 |
$4,310,667 |
| 8 |
$8,153,915 |
$2,977,279
$652,313 |
$4,524,323 |
| 9 |
$8,561,630 |
$3,128,133
$684,930 |
$4,748,567 |
| 10 |
$8,989,750 |
$3,286,538
$719,180 |
$4,984,032 |
| 11 |
$9,439,045 |
$3,452,777
$755,124 |
$5,231,144 |
| 12 |
$9,911,055 |
$3,627,421
$792,884 |
$5,490,750 |
| 13 |
$10,406,550 |
$3,810,754
$832,524 |
$5,763,272 |
| 14 |
$10,927,070 |
$4,003,346
$874,166 |
$6,049,558 |
| 15 |
$11,473,385 |
$4,205,483
$917,871 |
$6,350,031 |
| 16 |
$12,047,035 |
$4,417,733
$963,763 |
$6,665,539 |
| 17 |
$12,649,175 |
$4,640,525
$1,011,934 |
$6,996,716 |
| 18 |
$13,281,730 |
$4,874,570
$1,062,538 |
$7,344,622 |
| 19 |
$13,945,855 |
$5,120,297
$1,115,668 |
$7,709,890 |
| 20 |
$14,643,090 |
$5,378,274
$1,171,447 |
$8,093,369 |
| 21 |
$15,375,360 |
$5,649,214
$1,230,029 |
$8,496,117 |
| 22 |
$16,144,205 |
$5,933,686
$1,291,536 |
$8,918,983 |
| 23 |
$16,951,165 |
$6,232,261
$1,356,093 |
$9,362,811 |
| 24 |
$17,798,935 |
$6,545,936
$1,423,915 |
$9,829,084 |
| 25 |
$18,688,670 |
$6,875,138
$1,495,094 |
$10,318,438 |
| 26 |
$19,623,450 |
$7,221,007
$1,569,876 |
$10,832,567 |
| 27 |
$20,604,430 |
$7,583,969
$1,648,354 |
$11,372,107 |
| 28 |
$21,634,690 |
$7,965,166
$1,730,775 |
$11,938,749 |
| 29 |
$22,716,540 |
$8,365,450
$1,817,323 |
$12,533,767 |
| 30 |
$23,852,290 |
$8,785,678
$1,908,183 |
$13,158,429 |
|
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