The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Tue Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(10.75%) | $21,833,250 | | Net Lumpsum Payment | $106,159,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$708,676 |
$3,484,167 |
| 2 |
$6,922,152 |
$2,521,527
$744,131 |
$3,656,494 |
| 3 |
$7,268,172 |
$2,649,554
$781,328 |
$3,837,290 |
| 4 |
$7,631,712 |
$2,784,064
$820,409 |
$4,027,239 |
| 5 |
$8,013,210 |
$2,925,218
$861,420 |
$4,226,572 |
| 6 |
$8,413,980 |
$3,073,503
$904,503 |
$4,435,974 |
| 7 |
$8,834,460 |
$3,229,081
$949,704 |
$4,655,675 |
| 8 |
$9,276,402 |
$3,392,599
$997,213 |
$4,886,590 |
| 9 |
$9,740,244 |
$3,564,221
$1,047,076 |
$5,128,947 |
| 10 |
$10,227,300 |
$3,744,431
$1,099,435 |
$5,383,434 |
| 11 |
$10,738,446 |
$3,933,555
$1,154,383 |
$5,650,508 |
| 12 |
$11,275,434 |
$4,132,241
$1,212,109 |
$5,931,084 |
| 13 |
$11,839,140 |
$4,340,812
$1,272,708 |
$6,225,620 |
| 14 |
$12,431,316 |
$4,559,917
$1,336,366 |
$6,535,033 |
| 15 |
$13,052,838 |
$4,789,880
$1,403,180 |
$6,859,778 |
| 16 |
$13,705,458 |
$5,031,350
$1,473,337 |
$7,200,771 |
| 17 |
$14,390,490 |
$5,284,812
$1,546,978 |
$7,558,700 |
| 18 |
$15,110,124 |
$5,551,076
$1,624,338 |
$7,934,710 |
| 19 |
$15,865,674 |
$5,830,630
$1,705,560 |
$8,329,484 |
| 20 |
$16,658,892 |
$6,124,120
$1,790,831 |
$8,743,941 |
| 21 |
$17,491,968 |
$6,432,359
$1,880,387 |
$9,179,222 |
| 22 |
$18,366,654 |
$6,755,992
$1,974,415 |
$9,636,247 |
| 23 |
$19,284,702 |
$7,095,670
$2,073,105 |
$10,115,927 |
| 24 |
$20,249,178 |
$7,452,526
$2,176,787 |
$10,619,865 |
| 25 |
$21,261,396 |
$7,827,047
$2,285,600 |
$11,148,749 |
| 26 |
$22,324,860 |
$8,220,529
$2,399,922 |
$11,704,409 |
| 27 |
$23,440,884 |
$8,633,457
$2,519,895 |
$12,287,532 |
| 28 |
$24,612,972 |
$9,067,130
$2,645,894 |
$12,899,948 |
| 29 |
$25,843,752 |
$9,522,519
$2,778,203 |
$13,543,030 |
| 30 |
$27,135,852 |
$10,000,596
$2,917,104 |
$14,218,152 |
|
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