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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota 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(7.25%) | $16,747,500 | | Net Lumpsum Payment | $128,822,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,691,061 |
$2,806,023
$557,602 |
$4,327,436 |
| 2 |
$8,075,844 |
$2,948,393
$585,499 |
$4,541,952 |
| 3 |
$8,479,534 |
$3,097,758
$614,766 |
$4,767,010 |
| 4 |
$8,903,664 |
$3,254,686
$645,516 |
$5,003,462 |
| 5 |
$9,348,745 |
$3,419,366
$677,784 |
$5,251,595 |
| 6 |
$9,816,310 |
$3,592,365
$711,682 |
$5,512,263 |
| 7 |
$10,306,870 |
$3,773,872
$747,248 |
$5,785,750 |
| 8 |
$10,822,469 |
$3,964,644
$784,629 |
$6,073,196 |
| 9 |
$11,363,618 |
$4,164,869
$823,862 |
$6,374,887 |
| 10 |
$11,931,850 |
$4,375,115
$865,059 |
$6,691,676 |
| 11 |
$12,528,187 |
$4,595,760
$908,294 |
$7,024,133 |
| 12 |
$13,154,673 |
$4,827,559
$953,714 |
$7,373,400 |
| 13 |
$13,812,330 |
$5,070,892
$1,001,394 |
$7,740,044 |
| 14 |
$14,503,202 |
$5,326,515
$1,051,482 |
$8,125,205 |
| 15 |
$15,228,311 |
$5,594,805
$1,104,053 |
$8,529,453 |
| 16 |
$15,989,701 |
$5,876,520
$1,159,253 |
$8,953,928 |
| 17 |
$16,788,905 |
$6,172,225
$1,217,196 |
$9,399,484 |
| 18 |
$17,628,478 |
$6,482,867
$1,278,065 |
$9,867,546 |
| 19 |
$18,509,953 |
$6,809,013
$1,341,972 |
$10,358,968 |
| 20 |
$19,435,374 |
$7,151,419
$1,409,065 |
$10,874,890 |
| 21 |
$20,407,296 |
$7,511,030
$1,479,529 |
$11,416,737 |
| 22 |
$21,427,763 |
$7,888,603
$1,553,513 |
$11,985,647 |
| 23 |
$22,498,819 |
$8,284,893
$1,631,164 |
$12,582,762 |
| 24 |
$23,624,041 |
$8,701,226
$1,712,743 |
$13,210,072 |
| 25 |
$24,804,962 |
$9,138,166
$1,798,360 |
$13,868,436 |
| 26 |
$26,045,670 |
$9,597,228
$1,888,311 |
$14,560,131 |
| 27 |
$27,347,698 |
$10,078,979
$1,982,708 |
$15,286,011 |
| 28 |
$28,715,134 |
$10,584,930
$2,081,847 |
$16,048,357 |
| 29 |
$30,151,044 |
$11,116,217
$2,185,951 |
$16,848,876 |
| 30 |
$31,658,494 |
$11,673,973
$2,295,241 |
$17,689,280 |
|
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