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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia 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(4%) | $6,968,000 | | Net Lumpsum Payment | $102,817,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,794,635 |
$2,104,345
$231,785 |
$3,458,505 |
| 2 |
$6,084,540 |
$2,211,610
$243,382 |
$3,629,548 |
| 3 |
$6,388,690 |
$2,324,146
$255,548 |
$3,808,996 |
| 4 |
$6,708,240 |
$2,442,379
$268,330 |
$3,997,531 |
| 5 |
$7,043,575 |
$2,566,453
$281,743 |
$4,195,379 |
| 6 |
$7,395,850 |
$2,696,795
$295,834 |
$4,403,221 |
| 7 |
$7,765,450 |
$2,833,547
$310,618 |
$4,621,285 |
| 8 |
$8,153,915 |
$2,977,279
$326,157 |
$4,850,479 |
| 9 |
$8,561,630 |
$3,128,133
$342,465 |
$5,091,032 |
| 10 |
$8,989,750 |
$3,286,538
$359,590 |
$5,343,622 |
| 11 |
$9,439,045 |
$3,452,777
$377,562 |
$5,608,706 |
| 12 |
$9,911,055 |
$3,627,421
$396,442 |
$5,887,192 |
| 13 |
$10,406,550 |
$3,810,754
$416,262 |
$6,179,534 |
| 14 |
$10,927,070 |
$4,003,346
$437,083 |
$6,486,641 |
| 15 |
$11,473,385 |
$4,205,483
$458,935 |
$6,808,967 |
| 16 |
$12,047,035 |
$4,417,733
$481,881 |
$7,147,421 |
| 17 |
$12,649,175 |
$4,640,525
$505,967 |
$7,502,683 |
| 18 |
$13,281,730 |
$4,874,570
$531,269 |
$7,875,891 |
| 19 |
$13,945,855 |
$5,120,297
$557,834 |
$8,267,724 |
| 20 |
$14,643,090 |
$5,378,274
$585,724 |
$8,679,092 |
| 21 |
$15,375,360 |
$5,649,214
$615,014 |
$9,111,132 |
| 22 |
$16,144,205 |
$5,933,686
$645,768 |
$9,564,751 |
| 23 |
$16,951,165 |
$6,232,261
$678,047 |
$10,040,857 |
| 24 |
$17,798,935 |
$6,545,936
$711,957 |
$10,541,042 |
| 25 |
$18,688,670 |
$6,875,138
$747,547 |
$11,065,985 |
| 26 |
$19,623,450 |
$7,221,007
$784,938 |
$11,617,505 |
| 27 |
$20,604,430 |
$7,583,969
$824,177 |
$12,196,284 |
| 28 |
$21,634,690 |
$7,965,166
$865,388 |
$12,804,136 |
| 29 |
$22,716,540 |
$8,365,450
$908,662 |
$13,442,428 |
| 30 |
$23,852,290 |
$8,785,678
$954,092 |
$14,112,520 |
|
|
