The jackpot for the MEGA Millions draw on Fri Feb 20, 2026, is projected to be $416 Million, with an option for a cash payout of $193.1 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 Washington, the bright side is you won't have to pay any state taxes on your lottery prize.
| Washington MEGA Millions Jackpot/Cash Option for Fri Feb 20, 2026 |
|---|
| Draw Date | Fri Feb 20, 2026 | | Projected Jackpot | $416,000,000 | | Cash Value | $193,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $193,100,000 | | Federal Tax(24%) | $46,344,000 | | Additional Federal Tax | $25,063,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $121,692,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,261,216 |
$2,276,980
$0 |
$3,984,236 |
| 2 |
$6,574,464 |
$2,392,882
$0 |
$4,181,582 |
| 3 |
$6,903,104 |
$2,514,479
$0 |
$4,388,625 |
| 4 |
$7,248,384 |
$2,642,232
$0 |
$4,606,152 |
| 5 |
$7,610,720 |
$2,776,297
$0 |
$4,834,423 |
| 6 |
$7,991,360 |
$2,917,134
$0 |
$5,074,226 |
| 7 |
$8,390,720 |
$3,064,897
$0 |
$5,325,823 |
| 8 |
$8,810,464 |
$3,220,202
$0 |
$5,590,262 |
| 9 |
$9,251,008 |
$3,383,203
$0 |
$5,867,805 |
| 10 |
$9,713,600 |
$3,554,362
$0 |
$6,159,238 |
| 11 |
$10,199,072 |
$3,733,987
$0 |
$6,465,085 |
| 12 |
$10,709,088 |
$3,922,693
$0 |
$6,786,395 |
| 13 |
$11,244,480 |
$4,120,788
$0 |
$7,123,692 |
| 14 |
$11,806,912 |
$4,328,888
$0 |
$7,478,024 |
| 15 |
$12,397,216 |
$4,547,300
$0 |
$7,849,916 |
| 16 |
$13,017,056 |
$4,776,641
$0 |
$8,240,415 |
| 17 |
$13,667,680 |
$5,017,372
$0 |
$8,650,308 |
| 18 |
$14,351,168 |
$5,270,263
$0 |
$9,080,905 |
| 19 |
$15,068,768 |
$5,535,775
$0 |
$9,532,993 |
| 20 |
$15,822,144 |
$5,814,524
$0 |
$10,007,620 |
| 21 |
$16,613,376 |
$6,107,280
$0 |
$10,506,096 |
| 22 |
$17,444,128 |
$6,414,658
$0 |
$11,029,470 |
| 23 |
$18,316,064 |
$6,737,274
$0 |
$11,578,790 |
| 24 |
$19,232,096 |
$7,076,206
$0 |
$12,155,890 |
| 25 |
$20,193,472 |
$7,431,915
$0 |
$12,761,557 |
| 26 |
$21,203,520 |
$7,805,633
$0 |
$13,397,887 |
| 27 |
$22,263,488 |
$8,197,821
$0 |
$14,065,667 |
| 28 |
$23,376,704 |
$8,609,711
$0 |
$14,766,993 |
| 29 |
$24,545,664 |
$9,042,226
$0 |
$15,503,438 |
| 30 |
$25,772,864 |
$9,496,290
$0 |
$16,276,574 |
|
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