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 Georgia residents, the state will deduct 5.75% from your lottery earnings.
| Georgia 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(5.75%) | $10,539,750 | | Net Lumpsum Payment | $104,978,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,945,145 |
$2,160,034
$341,846 |
$3,443,265 |
| 2 |
$6,242,580 |
$2,270,085
$358,948 |
$3,613,547 |
| 3 |
$6,554,630 |
$2,385,543
$376,891 |
$3,792,196 |
| 4 |
$6,882,480 |
$2,506,848
$395,743 |
$3,979,889 |
| 5 |
$7,226,525 |
$2,634,145
$415,525 |
$4,176,855 |
| 6 |
$7,587,950 |
$2,767,872
$436,307 |
$4,383,771 |
| 7 |
$7,967,150 |
$2,908,176
$458,111 |
$4,600,863 |
| 8 |
$8,365,705 |
$3,055,641
$481,028 |
$4,829,036 |
| 9 |
$8,784,010 |
$3,210,414
$505,081 |
$5,068,515 |
| 10 |
$9,223,250 |
$3,372,933
$530,337 |
$5,319,980 |
| 11 |
$9,684,215 |
$3,543,490
$556,842 |
$5,583,883 |
| 12 |
$10,168,485 |
$3,722,670
$584,688 |
$5,861,127 |
| 13 |
$10,676,850 |
$3,910,765
$613,919 |
$6,152,166 |
| 14 |
$11,210,890 |
$4,108,360
$644,626 |
$6,457,904 |
| 15 |
$11,771,395 |
$4,315,747
$676,855 |
$6,778,793 |
| 16 |
$12,359,945 |
$4,533,510
$710,697 |
$7,115,738 |
| 17 |
$12,977,725 |
$4,762,089
$746,219 |
$7,469,417 |
| 18 |
$13,626,710 |
$5,002,213
$783,536 |
$7,840,961 |
| 19 |
$14,308,085 |
$5,254,322
$822,715 |
$8,231,048 |
| 20 |
$15,023,430 |
$5,518,999
$863,847 |
$8,640,584 |
| 21 |
$15,774,720 |
$5,796,977
$907,046 |
$9,070,697 |
| 22 |
$16,563,535 |
$6,088,838
$952,403 |
$9,522,294 |
| 23 |
$17,391,455 |
$6,395,169
$1,000,009 |
$9,996,277 |
| 24 |
$18,261,245 |
$6,716,991
$1,050,022 |
$10,494,232 |
| 25 |
$19,174,090 |
$7,054,744
$1,102,510 |
$11,016,836 |
| 26 |
$20,133,150 |
$7,409,596
$1,157,656 |
$11,565,898 |
| 27 |
$21,139,610 |
$7,781,986
$1,215,528 |
$12,142,096 |
| 28 |
$22,196,630 |
$8,173,083
$1,276,306 |
$12,747,241 |
| 29 |
$23,306,580 |
$8,583,765
$1,340,128 |
$13,382,687 |
| 30 |
$24,471,830 |
$9,014,907
$1,407,130 |
$14,049,793 |
|
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