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 Illinois residents, the state will deduct 4.95% from your lottery earnings.
| Illinois 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(4.95%) | $9,073,350 | | Net Lumpsum Payment | $106,445,320 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$294,285 |
$3,490,826 |
| 2 |
$6,242,580 |
$2,270,085
$309,008 |
$3,663,487 |
| 3 |
$6,554,630 |
$2,385,543
$324,454 |
$3,844,633 |
| 4 |
$6,882,480 |
$2,506,848
$340,683 |
$4,034,949 |
| 5 |
$7,226,525 |
$2,634,145
$357,713 |
$4,234,667 |
| 6 |
$7,587,950 |
$2,767,872
$375,604 |
$4,444,474 |
| 7 |
$7,967,150 |
$2,908,176
$394,374 |
$4,664,600 |
| 8 |
$8,365,705 |
$3,055,641
$414,102 |
$4,895,962 |
| 9 |
$8,784,010 |
$3,210,414
$434,808 |
$5,138,788 |
| 10 |
$9,223,250 |
$3,372,933
$456,551 |
$5,393,766 |
| 11 |
$9,684,215 |
$3,543,490
$479,369 |
$5,661,356 |
| 12 |
$10,168,485 |
$3,722,670
$503,340 |
$5,942,475 |
| 13 |
$10,676,850 |
$3,910,765
$528,504 |
$6,237,581 |
| 14 |
$11,210,890 |
$4,108,360
$554,939 |
$6,547,591 |
| 15 |
$11,771,395 |
$4,315,747
$582,684 |
$6,872,964 |
| 16 |
$12,359,945 |
$4,533,510
$611,817 |
$7,214,618 |
| 17 |
$12,977,725 |
$4,762,089
$642,397 |
$7,573,239 |
| 18 |
$13,626,710 |
$5,002,213
$674,522 |
$7,949,975 |
| 19 |
$14,308,085 |
$5,254,322
$708,250 |
$8,345,513 |
| 20 |
$15,023,430 |
$5,518,999
$743,660 |
$8,760,771 |
| 21 |
$15,774,720 |
$5,796,977
$780,849 |
$9,196,894 |
| 22 |
$16,563,535 |
$6,088,838
$819,895 |
$9,654,802 |
| 23 |
$17,391,455 |
$6,395,169
$860,877 |
$10,135,409 |
| 24 |
$18,261,245 |
$6,716,991
$903,932 |
$10,640,322 |
| 25 |
$19,174,090 |
$7,054,744
$949,117 |
$11,170,229 |
| 26 |
$20,133,150 |
$7,409,596
$996,591 |
$11,726,963 |
| 27 |
$21,139,610 |
$7,781,986
$1,046,411 |
$12,311,213 |
| 28 |
$22,196,630 |
$8,173,083
$1,098,733 |
$12,924,814 |
| 29 |
$23,306,580 |
$8,583,765
$1,153,676 |
$13,569,139 |
| 30 |
$24,471,830 |
$9,014,907
$1,211,356 |
$14,245,567 |
|
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