The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Fri Feb 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(5%) | $7,805,000 | | Net Lumpsum Payment | $90,577,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$260,382 |
$3,060,105 |
| 2 |
$5,468,184 |
$1,983,558
$273,409 |
$3,211,217 |
| 3 |
$5,741,524 |
$2,084,694
$287,076 |
$3,369,754 |
| 4 |
$6,028,704 |
$2,190,951
$301,435 |
$3,536,318 |
| 5 |
$6,330,070 |
$2,302,456
$316,504 |
$3,711,110 |
| 6 |
$6,646,660 |
$2,419,595
$332,333 |
$3,894,732 |
| 7 |
$6,978,820 |
$2,542,494
$348,941 |
$4,087,385 |
| 8 |
$7,327,934 |
$2,671,666
$366,397 |
$4,289,871 |
| 9 |
$7,694,348 |
$2,807,239
$384,717 |
$4,502,392 |
| 10 |
$8,079,100 |
$2,949,597
$403,955 |
$4,725,548 |
| 11 |
$8,482,882 |
$3,098,997
$424,144 |
$4,959,741 |
| 12 |
$8,907,078 |
$3,255,949
$445,354 |
$5,205,775 |
| 13 |
$9,352,380 |
$3,420,711
$467,619 |
$5,464,050 |
| 14 |
$9,820,172 |
$3,593,794
$491,009 |
$5,735,369 |
| 15 |
$10,311,146 |
$3,775,454
$515,557 |
$6,020,135 |
| 16 |
$10,826,686 |
$3,966,204
$541,334 |
$6,319,148 |
| 17 |
$11,367,830 |
$4,166,427
$568,392 |
$6,633,011 |
| 18 |
$11,936,308 |
$4,376,764
$596,815 |
$6,962,729 |
| 19 |
$12,533,158 |
$4,597,599
$626,658 |
$7,308,901 |
| 20 |
$13,159,764 |
$4,829,443
$657,988 |
$7,672,333 |
| 21 |
$13,817,856 |
$5,072,937
$690,893 |
$8,054,026 |
| 22 |
$14,508,818 |
$5,328,593
$725,441 |
$8,454,784 |
| 23 |
$15,234,034 |
$5,596,923
$761,702 |
$8,875,409 |
| 24 |
$15,995,926 |
$5,878,823
$799,796 |
$9,317,307 |
| 25 |
$16,795,532 |
$6,174,677
$839,777 |
$9,781,078 |
| 26 |
$17,635,620 |
$6,485,510
$881,781 |
$10,268,329 |
| 27 |
$18,517,228 |
$6,811,705
$925,861 |
$10,779,662 |
| 28 |
$19,443,124 |
$7,154,286
$972,156 |
$11,316,682 |
| 29 |
$20,415,384 |
$7,514,022
$1,020,769 |
$11,880,593 |
| 30 |
$21,436,084 |
$7,891,681
$1,071,804 |
$12,472,599 |
|
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