The jackpot for the MEGA Millions draw on Fri Feb 6, 2026, is projected to be $346 Million, with an option for a cash payout of $156.1 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 Feb 6, 2026 |
|---|
| Draw Date | Fri Feb 6, 2026 | | Projected Jackpot | $346,000,000 | | Cash Value | $156,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $156,100,000 | | Federal Tax(24%) | $37,464,000 | | Additional Federal Tax | $20,253,330 | | State Tax(7.25%) | $11,317,250 | | Net Lumpsum Payment | $87,065,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,207,646 |
$1,887,159
$377,554 |
$2,942,933 |
| 2 |
$5,468,184 |
$1,983,558
$396,443 |
$3,088,183 |
| 3 |
$5,741,524 |
$2,084,694
$416,260 |
$3,240,570 |
| 4 |
$6,028,704 |
$2,190,951
$437,081 |
$3,400,672 |
| 5 |
$6,330,070 |
$2,302,456
$458,930 |
$3,568,684 |
| 6 |
$6,646,660 |
$2,419,595
$481,883 |
$3,745,182 |
| 7 |
$6,978,820 |
$2,542,494
$505,964 |
$3,930,362 |
| 8 |
$7,327,934 |
$2,671,666
$531,275 |
$4,124,993 |
| 9 |
$7,694,348 |
$2,807,239
$557,840 |
$4,329,269 |
| 10 |
$8,079,100 |
$2,949,597
$585,735 |
$4,543,768 |
| 11 |
$8,482,882 |
$3,098,997
$615,009 |
$4,768,876 |
| 12 |
$8,907,078 |
$3,255,949
$645,763 |
$5,005,366 |
| 13 |
$9,352,380 |
$3,420,711
$678,048 |
$5,253,621 |
| 14 |
$9,820,172 |
$3,593,794
$711,962 |
$5,514,416 |
| 15 |
$10,311,146 |
$3,775,454
$747,558 |
$5,788,134 |
| 16 |
$10,826,686 |
$3,966,204
$784,935 |
$6,075,547 |
| 17 |
$11,367,830 |
$4,166,427
$824,168 |
$6,377,235 |
| 18 |
$11,936,308 |
$4,376,764
$865,382 |
$6,694,162 |
| 19 |
$12,533,158 |
$4,597,599
$908,654 |
$7,026,905 |
| 20 |
$13,159,764 |
$4,829,443
$954,083 |
$7,376,238 |
| 21 |
$13,817,856 |
$5,072,937
$1,001,795 |
$7,743,124 |
| 22 |
$14,508,818 |
$5,328,593
$1,051,889 |
$8,128,336 |
| 23 |
$15,234,034 |
$5,596,923
$1,104,467 |
$8,532,644 |
| 24 |
$15,995,926 |
$5,878,823
$1,159,705 |
$8,957,398 |
| 25 |
$16,795,532 |
$6,174,677
$1,217,676 |
$9,403,179 |
| 26 |
$17,635,620 |
$6,485,510
$1,278,582 |
$9,871,528 |
| 27 |
$18,517,228 |
$6,811,705
$1,342,499 |
$10,363,024 |
| 28 |
$19,443,124 |
$7,154,286
$1,409,626 |
$10,879,212 |
| 29 |
$20,415,384 |
$7,514,022
$1,480,115 |
$11,421,247 |
| 30 |
$21,436,084 |
$7,891,681
$1,554,116 |
$11,990,287 |
|
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