The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(7.25%) | $8,141,750 | | Net Lumpsum Payment | $62,646,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$273,891 |
$2,145,793 |
| 2 |
$3,966,804 |
$1,428,048
$287,593 |
$2,251,163 |
| 3 |
$4,165,094 |
$1,501,415
$301,969 |
$2,361,710 |
| 4 |
$4,373,424 |
$1,578,497
$317,073 |
$2,477,854 |
| 5 |
$4,592,045 |
$1,659,387
$332,923 |
$2,599,735 |
| 6 |
$4,821,710 |
$1,744,363
$349,574 |
$2,727,773 |
| 7 |
$5,062,670 |
$1,833,518
$367,044 |
$2,862,108 |
| 8 |
$5,315,929 |
$1,927,224
$385,405 |
$3,003,300 |
| 9 |
$5,581,738 |
$2,025,573
$404,676 |
$3,151,489 |
| 10 |
$5,860,850 |
$2,128,845
$424,912 |
$3,307,093 |
| 11 |
$6,153,767 |
$2,237,224
$446,148 |
$3,470,395 |
| 12 |
$6,461,493 |
$2,351,083
$468,458 |
$3,641,952 |
| 13 |
$6,784,530 |
$2,470,606
$491,878 |
$3,822,046 |
| 14 |
$7,123,882 |
$2,596,167
$516,481 |
$4,011,234 |
| 15 |
$7,480,051 |
$2,727,949
$542,304 |
$4,209,798 |
| 16 |
$7,854,041 |
$2,866,326
$569,418 |
$4,418,297 |
| 17 |
$8,246,605 |
$3,011,574
$597,879 |
$4,637,152 |
| 18 |
$8,658,998 |
$3,164,160
$627,777 |
$4,867,061 |
| 19 |
$9,091,973 |
$3,324,360
$659,168 |
$5,108,445 |
| 20 |
$9,546,534 |
$3,492,548
$692,124 |
$5,361,862 |
| 21 |
$10,023,936 |
$3,669,187
$726,735 |
$5,628,014 |
| 22 |
$10,525,183 |
$3,854,648
$763,076 |
$5,907,459 |
| 23 |
$11,051,279 |
$4,049,304
$801,218 |
$6,200,757 |
| 24 |
$11,603,981 |
$4,253,803
$841,289 |
$6,508,889 |
| 25 |
$12,184,042 |
$4,468,426
$883,343 |
$6,832,273 |
| 26 |
$12,793,470 |
$4,693,914
$927,527 |
$7,172,029 |
| 27 |
$13,433,018 |
$4,930,547
$973,894 |
$7,528,577 |
| 28 |
$14,104,694 |
$5,179,067
$1,022,590 |
$7,903,037 |
| 29 |
$14,810,004 |
$5,440,032
$1,073,725 |
$8,296,247 |
| 30 |
$15,550,454 |
$5,713,998
$1,127,408 |
$8,709,048 |
|
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