The jackpot for the MEGA Millions draw on Tue Jun 30, 2026, is projected to be $511 Million, with an option for a cash payout of $231 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Tue Jun 30, 2026 |
|---|
| Draw Date | Tue Jun 30, 2026 | | Projected Jackpot | $511,000,000 | | Cash Value | $231,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $231,000,000 | | Federal Tax(24%) | $55,440,000 | | Additional Federal Tax | $29,990,330 | | State Tax(4%) | $9,240,000 | | Net Lumpsum Payment | $136,329,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$307,642 |
$4,577,396 |
| 2 |
$8,075,844 |
$2,948,393
$323,034 |
$4,804,417 |
| 3 |
$8,479,534 |
$3,097,758
$339,181 |
$5,042,595 |
| 4 |
$8,903,664 |
$3,254,686
$356,147 |
$5,292,831 |
| 5 |
$9,348,745 |
$3,419,366
$373,950 |
$5,555,429 |
| 6 |
$9,816,310 |
$3,592,365
$392,652 |
$5,831,293 |
| 7 |
$10,306,870 |
$3,773,872
$412,275 |
$6,120,723 |
| 8 |
$10,822,469 |
$3,964,644
$432,899 |
$6,424,926 |
| 9 |
$11,363,618 |
$4,164,869
$454,545 |
$6,744,204 |
| 10 |
$11,931,850 |
$4,375,115
$477,274 |
$7,079,461 |
| 11 |
$12,528,187 |
$4,595,760
$501,127 |
$7,431,300 |
| 12 |
$13,154,673 |
$4,827,559
$526,187 |
$7,800,927 |
| 13 |
$13,812,330 |
$5,070,892
$552,493 |
$8,188,945 |
| 14 |
$14,503,202 |
$5,326,515
$580,128 |
$8,596,559 |
| 15 |
$15,228,311 |
$5,594,805
$609,132 |
$9,024,374 |
| 16 |
$15,989,701 |
$5,876,520
$639,588 |
$9,473,593 |
| 17 |
$16,788,905 |
$6,172,225
$671,556 |
$9,945,124 |
| 18 |
$17,628,478 |
$6,482,867
$705,139 |
$10,440,472 |
| 19 |
$18,509,953 |
$6,809,013
$740,398 |
$10,960,542 |
| 20 |
$19,435,374 |
$7,151,419
$777,415 |
$11,506,540 |
| 21 |
$20,407,296 |
$7,511,030
$816,292 |
$12,079,974 |
| 22 |
$21,427,763 |
$7,888,603
$857,111 |
$12,682,049 |
| 23 |
$22,498,819 |
$8,284,893
$899,953 |
$13,313,973 |
| 24 |
$23,624,041 |
$8,701,226
$944,962 |
$13,977,853 |
| 25 |
$24,804,962 |
$9,138,166
$992,198 |
$14,674,598 |
| 26 |
$26,045,670 |
$9,597,228
$1,041,827 |
$15,406,615 |
| 27 |
$27,347,698 |
$10,078,979
$1,093,908 |
$16,174,811 |
| 28 |
$28,715,134 |
$10,584,930
$1,148,605 |
$16,981,599 |
| 29 |
$30,151,044 |
$11,116,217
$1,206,042 |
$17,828,785 |
| 30 |
$31,658,494 |
$11,673,973
$1,266,340 |
$18,718,181 |
|
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