The jackpot for the MEGA Millions draw on Tue Feb 10, 2026, is projected to be $366 Million, with an option for a cash payout of $165.6 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 those living in California, the bright side is you won't have to pay any state taxes on your lottery prize.
| California MEGA Millions Jackpot/Cash Option for Tue Feb 10, 2026 |
|---|
| Draw Date | Tue Feb 10, 2026 | | Projected Jackpot | $366,000,000 | | Cash Value | $165,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $165,600,000 | | Federal Tax(24%) | $39,744,000 | | Additional Federal Tax | $21,488,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $104,367,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,508,666 |
$1,998,537
$0 |
$3,510,129 |
| 2 |
$5,784,264 |
$2,100,508
$0 |
$3,683,756 |
| 3 |
$6,073,404 |
$2,207,490
$0 |
$3,865,914 |
| 4 |
$6,377,184 |
$2,319,888
$0 |
$4,057,296 |
| 5 |
$6,695,970 |
$2,437,839
$0 |
$4,258,131 |
| 6 |
$7,030,860 |
$2,561,749
$0 |
$4,469,111 |
| 7 |
$7,382,220 |
$2,691,752
$0 |
$4,690,468 |
| 8 |
$7,751,514 |
$2,828,391
$0 |
$4,923,123 |
| 9 |
$8,139,108 |
$2,971,800
$0 |
$5,167,308 |
| 10 |
$8,546,100 |
$3,122,387
$0 |
$5,423,713 |
| 11 |
$8,973,222 |
$3,280,423
$0 |
$5,692,799 |
| 12 |
$9,421,938 |
$3,446,447
$0 |
$5,975,491 |
| 13 |
$9,892,980 |
$3,620,733
$0 |
$6,272,247 |
| 14 |
$10,387,812 |
$3,803,821
$0 |
$6,583,991 |
| 15 |
$10,907,166 |
$3,995,982
$0 |
$6,911,184 |
| 16 |
$11,452,506 |
$4,197,758
$0 |
$7,254,748 |
| 17 |
$12,024,930 |
$4,409,554
$0 |
$7,615,376 |
| 18 |
$12,626,268 |
$4,632,050
$0 |
$7,994,218 |
| 19 |
$13,257,618 |
$4,865,649
$0 |
$8,391,969 |
| 20 |
$13,920,444 |
$5,110,895
$0 |
$8,809,549 |
| 21 |
$14,616,576 |
$5,368,464
$0 |
$9,248,112 |
| 22 |
$15,347,478 |
$5,638,897
$0 |
$9,708,581 |
| 23 |
$16,114,614 |
$5,922,738
$0 |
$10,191,876 |
| 24 |
$16,920,546 |
$6,220,932
$0 |
$10,699,614 |
| 25 |
$17,766,372 |
$6,533,888
$0 |
$11,232,484 |
| 26 |
$18,655,020 |
$6,862,688
$0 |
$11,792,332 |
| 27 |
$19,587,588 |
$7,207,738
$0 |
$12,379,850 |
| 28 |
$20,567,004 |
$7,570,122
$0 |
$12,996,882 |
| 29 |
$21,595,464 |
$7,950,652
$0 |
$13,644,812 |
| 30 |
$22,675,164 |
$8,350,141
$0 |
$14,325,023 |
|
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