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 Rhode Island residents, the state will deduct 5.99% from your lottery earnings.
| Rhode Island 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(5.99%) | $10,979,670 | | Net Lumpsum Payment | $104,539,000 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$356,114 |
$3,428,997 |
| 2 |
$6,242,580 |
$2,270,085
$373,931 |
$3,598,564 |
| 3 |
$6,554,630 |
$2,385,543
$392,622 |
$3,776,465 |
| 4 |
$6,882,480 |
$2,506,848
$412,261 |
$3,963,371 |
| 5 |
$7,226,525 |
$2,634,145
$432,869 |
$4,159,511 |
| 6 |
$7,587,950 |
$2,767,872
$454,518 |
$4,365,560 |
| 7 |
$7,967,150 |
$2,908,176
$477,232 |
$4,581,742 |
| 8 |
$8,365,705 |
$3,055,641
$501,106 |
$4,808,958 |
| 9 |
$8,784,010 |
$3,210,414
$526,162 |
$5,047,434 |
| 10 |
$9,223,250 |
$3,372,933
$552,473 |
$5,297,844 |
| 11 |
$9,684,215 |
$3,543,490
$580,084 |
$5,560,641 |
| 12 |
$10,168,485 |
$3,722,670
$609,092 |
$5,836,723 |
| 13 |
$10,676,850 |
$3,910,765
$639,543 |
$6,126,542 |
| 14 |
$11,210,890 |
$4,108,360
$671,532 |
$6,430,998 |
| 15 |
$11,771,395 |
$4,315,747
$705,107 |
$6,750,541 |
| 16 |
$12,359,945 |
$4,533,510
$740,361 |
$7,086,074 |
| 17 |
$12,977,725 |
$4,762,089
$777,366 |
$7,438,270 |
| 18 |
$13,626,710 |
$5,002,213
$816,240 |
$7,808,257 |
| 19 |
$14,308,085 |
$5,254,322
$857,054 |
$8,196,709 |
| 20 |
$15,023,430 |
$5,518,999
$899,903 |
$8,604,528 |
| 21 |
$15,774,720 |
$5,796,977
$944,906 |
$9,032,837 |
| 22 |
$16,563,535 |
$6,088,838
$992,156 |
$9,482,541 |
| 23 |
$17,391,455 |
$6,395,169
$1,041,748 |
$9,954,538 |
| 24 |
$18,261,245 |
$6,716,991
$1,093,849 |
$10,450,405 |
| 25 |
$19,174,090 |
$7,054,744
$1,148,528 |
$10,970,818 |
| 26 |
$20,133,150 |
$7,409,596
$1,205,976 |
$11,517,578 |
| 27 |
$21,139,610 |
$7,781,986
$1,266,263 |
$12,091,361 |
| 28 |
$22,196,630 |
$8,173,083
$1,329,578 |
$12,693,969 |
| 29 |
$23,306,580 |
$8,583,765
$1,396,064 |
$13,326,751 |
| 30 |
$24,471,830 |
$9,014,907
$1,465,863 |
$13,991,060 |
|
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