The jackpot for the MEGA Millions draw on Fri Nov 13, 2026, is projected to be $555 Million, with an option for a cash payout of $235.2 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 Fri Nov 13, 2026 |
|---|
| Draw Date | Fri Nov 13, 2026 | | Projected Jackpot | $555,000,000 | | Cash Value | $235,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $235,200,000 | | Federal Tax(24%) | $56,448,000 | | Additional Federal Tax | $30,536,330 | | State Tax(7.25%) | $17,052,000 | | Net Lumpsum Payment | $131,163,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,353,305 |
$3,051,053
$605,615 |
$4,696,637 |
| 2 |
$8,771,220 |
$3,205,682
$635,913 |
$4,929,625 |
| 3 |
$9,209,670 |
$3,367,908
$667,701 |
$5,174,061 |
| 4 |
$9,670,320 |
$3,538,349
$701,098 |
$5,430,873 |
| 5 |
$10,153,725 |
$3,717,209
$736,145 |
$5,700,371 |
| 6 |
$10,661,550 |
$3,905,104
$772,962 |
$5,983,484 |
| 7 |
$11,194,350 |
$4,102,240
$811,590 |
$6,280,520 |
| 8 |
$11,754,345 |
$4,309,438
$852,190 |
$6,592,717 |
| 9 |
$12,342,090 |
$4,526,904
$894,802 |
$6,920,384 |
| 10 |
$12,959,250 |
$4,755,253
$939,546 |
$7,264,451 |
| 11 |
$13,606,935 |
$4,994,896
$986,503 |
$7,625,536 |
| 12 |
$14,287,365 |
$5,246,655
$1,035,834 |
$8,004,876 |
| 13 |
$15,001,650 |
$5,510,941
$1,087,620 |
$8,403,089 |
| 14 |
$15,752,010 |
$5,788,574
$1,142,021 |
$8,821,415 |
| 15 |
$16,539,555 |
$6,079,966
$1,199,118 |
$9,260,471 |
| 16 |
$17,366,505 |
$6,385,937
$1,259,072 |
$9,721,496 |
| 17 |
$18,234,525 |
$6,707,105
$1,322,003 |
$10,205,417 |
| 18 |
$19,146,390 |
$7,044,495
$1,388,113 |
$10,713,782 |
| 19 |
$20,103,765 |
$7,398,723
$1,457,523 |
$11,247,519 |
| 20 |
$21,108,870 |
$7,770,612
$1,530,393 |
$11,807,865 |
| 21 |
$22,164,480 |
$8,161,188
$1,606,925 |
$12,396,367 |
| 22 |
$23,272,815 |
$8,571,272
$1,687,279 |
$13,014,264 |
| 23 |
$24,436,095 |
$9,001,686
$1,771,617 |
$13,662,792 |
| 24 |
$25,658,205 |
$9,453,866
$1,860,220 |
$14,344,119 |
| 25 |
$26,940,810 |
$9,928,430
$1,953,209 |
$15,059,171 |
| 26 |
$28,288,350 |
$10,427,020
$2,050,905 |
$15,810,425 |
| 27 |
$29,702,490 |
$10,950,252
$2,153,431 |
$16,598,807 |
| 28 |
$31,187,670 |
$11,499,768
$2,261,106 |
$17,426,796 |
| 29 |
$32,747,220 |
$12,076,802
$2,374,173 |
$18,296,245 |
| 30 |
$34,384,470 |
$12,682,584
$2,492,874 |
$19,209,012 |
|
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