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 Nebraska residents, the state will deduct 5% from your lottery earnings.
| Nebraska 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%) | $9,165,000 | | Net Lumpsum Payment | $106,353,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$297,257 |
$3,487,854 |
| 2 |
$6,242,580 |
$2,270,085
$312,129 |
$3,660,366 |
| 3 |
$6,554,630 |
$2,385,543
$327,732 |
$3,841,355 |
| 4 |
$6,882,480 |
$2,506,848
$344,124 |
$4,031,508 |
| 5 |
$7,226,525 |
$2,634,145
$361,326 |
$4,231,054 |
| 6 |
$7,587,950 |
$2,767,872
$379,398 |
$4,440,680 |
| 7 |
$7,967,150 |
$2,908,176
$398,358 |
$4,660,616 |
| 8 |
$8,365,705 |
$3,055,641
$418,285 |
$4,891,779 |
| 9 |
$8,784,010 |
$3,210,414
$439,201 |
$5,134,395 |
| 10 |
$9,223,250 |
$3,372,933
$461,163 |
$5,389,154 |
| 11 |
$9,684,215 |
$3,543,490
$484,211 |
$5,656,514 |
| 12 |
$10,168,485 |
$3,722,670
$508,424 |
$5,937,391 |
| 13 |
$10,676,850 |
$3,910,765
$533,843 |
$6,232,242 |
| 14 |
$11,210,890 |
$4,108,360
$560,545 |
$6,541,985 |
| 15 |
$11,771,395 |
$4,315,747
$588,570 |
$6,867,078 |
| 16 |
$12,359,945 |
$4,533,510
$617,997 |
$7,208,438 |
| 17 |
$12,977,725 |
$4,762,089
$648,886 |
$7,566,750 |
| 18 |
$13,626,710 |
$5,002,213
$681,336 |
$7,943,161 |
| 19 |
$14,308,085 |
$5,254,322
$715,404 |
$8,338,359 |
| 20 |
$15,023,430 |
$5,518,999
$751,172 |
$8,753,259 |
| 21 |
$15,774,720 |
$5,796,977
$788,736 |
$9,189,007 |
| 22 |
$16,563,535 |
$6,088,838
$828,177 |
$9,646,520 |
| 23 |
$17,391,455 |
$6,395,169
$869,573 |
$10,126,713 |
| 24 |
$18,261,245 |
$6,716,991
$913,062 |
$10,631,192 |
| 25 |
$19,174,090 |
$7,054,744
$958,705 |
$11,160,641 |
| 26 |
$20,133,150 |
$7,409,596
$1,006,658 |
$11,716,896 |
| 27 |
$21,139,610 |
$7,781,986
$1,056,981 |
$12,300,643 |
| 28 |
$22,196,630 |
$8,173,083
$1,109,832 |
$12,913,715 |
| 29 |
$23,306,580 |
$8,583,765
$1,165,329 |
$13,557,486 |
| 30 |
$24,471,830 |
$9,014,907
$1,223,592 |
$14,233,331 |
|
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