The jackpot for the MEGA Millions draw on Fri Feb 27, 2026, is projected to be $458 Million, with an option for a cash payout of $212.4 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 Missouri residents, the state will deduct 4% from your lottery earnings.
| Missouri MEGA Millions Jackpot/Cash Option for Fri Feb 27, 2026 |
|---|
| Draw Date | Fri Feb 27, 2026 | | Projected Jackpot | $458,000,000 | | Cash Value | $212,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $212,400,000 | | Federal Tax(24%) | $50,976,000 | | Additional Federal Tax | $27,572,330 | | State Tax(4%) | $8,496,000 | | Net Lumpsum Payment | $125,355,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,893,358 |
$2,510,873
$275,734 |
$4,106,751 |
| 2 |
$7,238,232 |
$2,638,476
$289,529 |
$4,310,227 |
| 3 |
$7,600,052 |
$2,772,350
$304,002 |
$4,523,700 |
| 4 |
$7,980,192 |
$2,913,001
$319,208 |
$4,747,983 |
| 5 |
$8,379,110 |
$3,060,601
$335,164 |
$4,983,345 |
| 6 |
$8,798,180 |
$3,215,657
$351,927 |
$5,230,596 |
| 7 |
$9,237,860 |
$3,378,339
$369,514 |
$5,490,007 |
| 8 |
$9,699,982 |
$3,549,324
$387,999 |
$5,762,659 |
| 9 |
$10,185,004 |
$3,728,782
$407,400 |
$6,048,822 |
| 10 |
$10,694,300 |
$3,917,221
$427,772 |
$6,349,307 |
| 11 |
$11,228,786 |
$4,114,981
$449,151 |
$6,664,654 |
| 12 |
$11,790,294 |
$4,322,739
$471,612 |
$6,995,943 |
| 13 |
$12,379,740 |
$4,540,834
$495,190 |
$7,343,716 |
| 14 |
$12,998,956 |
$4,769,944
$519,958 |
$7,709,054 |
| 15 |
$13,648,858 |
$5,010,408
$545,954 |
$8,092,496 |
| 16 |
$14,331,278 |
$5,262,903
$573,251 |
$8,495,124 |
| 17 |
$15,047,590 |
$5,527,939
$601,904 |
$8,917,747 |
| 18 |
$15,800,084 |
$5,806,361
$632,003 |
$9,361,720 |
| 19 |
$16,590,134 |
$6,098,680
$663,605 |
$9,827,849 |
| 20 |
$17,419,572 |
$6,405,572
$696,783 |
$10,317,217 |
| 21 |
$18,290,688 |
$6,727,885
$731,628 |
$10,831,175 |
| 22 |
$19,205,314 |
$7,066,297
$768,213 |
$11,370,804 |
| 23 |
$20,165,282 |
$7,421,485
$806,611 |
$11,937,186 |
| 24 |
$21,173,798 |
$7,794,636
$846,952 |
$12,532,210 |
| 25 |
$22,232,236 |
$8,186,258
$889,289 |
$13,156,689 |
| 26 |
$23,344,260 |
$8,597,707
$933,770 |
$13,812,783 |
| 27 |
$24,511,244 |
$9,029,491
$980,450 |
$14,501,303 |
| 28 |
$25,736,852 |
$9,482,966
$1,029,474 |
$15,224,412 |
| 29 |
$27,023,832 |
$9,959,148
$1,080,953 |
$15,983,731 |
| 30 |
$28,374,932 |
$10,459,055
$1,134,997 |
$16,780,880 |
|
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