The jackpot for the MEGA Millions draw on Fri Feb 20, 2026, is projected to be $416 Million, with an option for a cash payout of $193.1 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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania MEGA Millions Jackpot/Cash Option for Fri Feb 20, 2026 |
|---|
| Draw Date | Fri Feb 20, 2026 | | Projected Jackpot | $416,000,000 | | Cash Value | $193,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $193,100,000 | | Federal Tax(24%) | $46,344,000 | | Additional Federal Tax | $25,063,330 | | State Tax(3.07%) | $5,928,170 | | Net Lumpsum Payment | $115,764,500 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,261,216 |
$2,276,980
$192,219 |
$3,792,017 |
| 2 |
$6,574,464 |
$2,392,882
$201,836 |
$3,979,746 |
| 3 |
$6,903,104 |
$2,514,479
$211,925 |
$4,176,700 |
| 4 |
$7,248,384 |
$2,642,232
$222,525 |
$4,383,627 |
| 5 |
$7,610,720 |
$2,776,297
$233,649 |
$4,600,774 |
| 6 |
$7,991,360 |
$2,917,134
$245,335 |
$4,828,891 |
| 7 |
$8,390,720 |
$3,064,897
$257,595 |
$5,068,228 |
| 8 |
$8,810,464 |
$3,220,202
$270,481 |
$5,319,781 |
| 9 |
$9,251,008 |
$3,383,203
$284,006 |
$5,583,799 |
| 10 |
$9,713,600 |
$3,554,362
$298,208 |
$5,861,030 |
| 11 |
$10,199,072 |
$3,733,987
$313,112 |
$6,151,973 |
| 12 |
$10,709,088 |
$3,922,693
$328,769 |
$6,457,626 |
| 13 |
$11,244,480 |
$4,120,788
$345,206 |
$6,778,486 |
| 14 |
$11,806,912 |
$4,328,888
$362,472 |
$7,115,552 |
| 15 |
$12,397,216 |
$4,547,300
$380,595 |
$7,469,321 |
| 16 |
$13,017,056 |
$4,776,641
$399,624 |
$7,840,791 |
| 17 |
$13,667,680 |
$5,017,372
$419,598 |
$8,230,710 |
| 18 |
$14,351,168 |
$5,270,263
$440,581 |
$8,640,324 |
| 19 |
$15,068,768 |
$5,535,775
$462,611 |
$9,070,382 |
| 20 |
$15,822,144 |
$5,814,524
$485,740 |
$9,521,880 |
| 21 |
$16,613,376 |
$6,107,280
$510,031 |
$9,996,065 |
| 22 |
$17,444,128 |
$6,414,658
$535,535 |
$10,493,935 |
| 23 |
$18,316,064 |
$6,737,274
$562,303 |
$11,016,487 |
| 24 |
$19,232,096 |
$7,076,206
$590,425 |
$11,565,465 |
| 25 |
$20,193,472 |
$7,431,915
$619,940 |
$12,141,617 |
| 26 |
$21,203,520 |
$7,805,633
$650,948 |
$12,746,939 |
| 27 |
$22,263,488 |
$8,197,821
$683,489 |
$13,382,178 |
| 28 |
$23,376,704 |
$8,609,711
$717,665 |
$14,049,328 |
| 29 |
$24,545,664 |
$9,042,226
$753,552 |
$14,749,886 |
| 30 |
$25,772,864 |
$9,496,290
$791,227 |
$15,485,347 |
|
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