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 Connecticut residents, the state will deduct 6.99% from your lottery earnings.
| Connecticut 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(6.99%) | $12,812,670 | | Net Lumpsum Payment | $102,706,000 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$415,566 |
$3,369,545 |
| 2 |
$6,242,580 |
$2,270,085
$436,356 |
$3,536,139 |
| 3 |
$6,554,630 |
$2,385,543
$458,169 |
$3,710,918 |
| 4 |
$6,882,480 |
$2,506,848
$481,085 |
$3,894,547 |
| 5 |
$7,226,525 |
$2,634,145
$505,134 |
$4,087,246 |
| 6 |
$7,587,950 |
$2,767,872
$530,398 |
$4,289,680 |
| 7 |
$7,967,150 |
$2,908,176
$556,904 |
$4,502,070 |
| 8 |
$8,365,705 |
$3,055,641
$584,763 |
$4,725,301 |
| 9 |
$8,784,010 |
$3,210,414
$614,002 |
$4,959,594 |
| 10 |
$9,223,250 |
$3,372,933
$644,705 |
$5,205,612 |
| 11 |
$9,684,215 |
$3,543,490
$676,927 |
$5,463,798 |
| 12 |
$10,168,485 |
$3,722,670
$710,777 |
$5,735,038 |
| 13 |
$10,676,850 |
$3,910,765
$746,312 |
$6,019,773 |
| 14 |
$11,210,890 |
$4,108,360
$783,641 |
$6,318,889 |
| 15 |
$11,771,395 |
$4,315,747
$822,821 |
$6,632,827 |
| 16 |
$12,359,945 |
$4,533,510
$863,960 |
$6,962,475 |
| 17 |
$12,977,725 |
$4,762,089
$907,143 |
$7,308,493 |
| 18 |
$13,626,710 |
$5,002,213
$952,507 |
$7,671,990 |
| 19 |
$14,308,085 |
$5,254,322
$1,000,135 |
$8,053,628 |
| 20 |
$15,023,430 |
$5,518,999
$1,050,138 |
$8,454,293 |
| 21 |
$15,774,720 |
$5,796,977
$1,102,653 |
$8,875,090 |
| 22 |
$16,563,535 |
$6,088,838
$1,157,791 |
$9,316,906 |
| 23 |
$17,391,455 |
$6,395,169
$1,215,663 |
$9,780,623 |
| 24 |
$18,261,245 |
$6,716,991
$1,276,461 |
$10,267,793 |
| 25 |
$19,174,090 |
$7,054,744
$1,340,269 |
$10,779,077 |
| 26 |
$20,133,150 |
$7,409,596
$1,407,307 |
$11,316,247 |
| 27 |
$21,139,610 |
$7,781,986
$1,477,659 |
$11,879,965 |
| 28 |
$22,196,630 |
$8,173,083
$1,551,544 |
$12,472,003 |
| 29 |
$23,306,580 |
$8,583,765
$1,629,130 |
$13,093,685 |
| 30 |
$24,471,830 |
$9,014,907
$1,710,581 |
$13,746,342 |
|
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