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 Nebraska residents, the state will deduct 5% from your lottery earnings.
| Nebraska 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(5%) | $9,655,000 | | Net Lumpsum Payment | $112,037,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,261,216 |
$2,276,980
$313,061 |
$3,671,175 |
| 2 |
$6,574,464 |
$2,392,882
$328,723 |
$3,852,859 |
| 3 |
$6,903,104 |
$2,514,479
$345,155 |
$4,043,470 |
| 4 |
$7,248,384 |
$2,642,232
$362,419 |
$4,243,733 |
| 5 |
$7,610,720 |
$2,776,297
$380,536 |
$4,453,887 |
| 6 |
$7,991,360 |
$2,917,134
$399,568 |
$4,674,658 |
| 7 |
$8,390,720 |
$3,064,897
$419,536 |
$4,906,287 |
| 8 |
$8,810,464 |
$3,220,202
$440,523 |
$5,149,739 |
| 9 |
$9,251,008 |
$3,383,203
$462,550 |
$5,405,255 |
| 10 |
$9,713,600 |
$3,554,362
$485,680 |
$5,673,558 |
| 11 |
$10,199,072 |
$3,733,987
$509,954 |
$5,955,131 |
| 12 |
$10,709,088 |
$3,922,693
$535,454 |
$6,250,941 |
| 13 |
$11,244,480 |
$4,120,788
$562,224 |
$6,561,468 |
| 14 |
$11,806,912 |
$4,328,888
$590,346 |
$6,887,678 |
| 15 |
$12,397,216 |
$4,547,300
$619,861 |
$7,230,055 |
| 16 |
$13,017,056 |
$4,776,641
$650,853 |
$7,589,562 |
| 17 |
$13,667,680 |
$5,017,372
$683,384 |
$7,966,924 |
| 18 |
$14,351,168 |
$5,270,263
$717,558 |
$8,363,347 |
| 19 |
$15,068,768 |
$5,535,775
$753,438 |
$8,779,555 |
| 20 |
$15,822,144 |
$5,814,524
$791,107 |
$9,216,513 |
| 21 |
$16,613,376 |
$6,107,280
$830,669 |
$9,675,427 |
| 22 |
$17,444,128 |
$6,414,658
$872,206 |
$10,157,264 |
| 23 |
$18,316,064 |
$6,737,274
$915,803 |
$10,662,987 |
| 24 |
$19,232,096 |
$7,076,206
$961,605 |
$11,194,285 |
| 25 |
$20,193,472 |
$7,431,915
$1,009,674 |
$11,751,883 |
| 26 |
$21,203,520 |
$7,805,633
$1,060,176 |
$12,337,711 |
| 27 |
$22,263,488 |
$8,197,821
$1,113,174 |
$12,952,493 |
| 28 |
$23,376,704 |
$8,609,711
$1,168,835 |
$13,598,158 |
| 29 |
$24,545,664 |
$9,042,226
$1,227,283 |
$14,276,155 |
| 30 |
$25,772,864 |
$9,496,290
$1,288,643 |
$14,987,931 |
|
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