The jackpot for the MEGA Millions draw on Tue Sep 22, 2026, is projected to be $261 Million, with an option for a cash payout of $110.5 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 Sep 22, 2026 |
|---|
| Draw Date | Tue Sep 22, 2026 | | Projected Jackpot | $261,000,000 | | Cash Value | $110,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $110,500,000 | | Federal Tax(24%) | $26,520,000 | | Additional Federal Tax | $14,325,330 | | State Tax(7.25%) | $8,011,250 | | Net Lumpsum Payment | $61,643,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,928,311 |
$1,413,805
$284,803 |
$2,229,703 |
| 2 |
$4,124,844 |
$1,486,523
$299,051 |
$2,339,270 |
| 3 |
$4,331,034 |
$1,562,813
$314,000 |
$2,454,221 |
| 4 |
$4,547,664 |
$1,642,966
$329,706 |
$2,574,992 |
| 5 |
$4,774,995 |
$1,727,079
$346,187 |
$2,701,729 |
| 6 |
$5,013,810 |
$1,815,440
$363,501 |
$2,834,869 |
| 7 |
$5,264,370 |
$1,908,147
$381,667 |
$2,974,556 |
| 8 |
$5,527,719 |
$2,005,586
$400,760 |
$3,121,373 |
| 9 |
$5,804,118 |
$2,107,854
$420,799 |
$3,275,465 |
| 10 |
$6,094,350 |
$2,215,240
$441,840 |
$3,437,270 |
| 11 |
$6,398,937 |
$2,327,937
$463,923 |
$3,607,077 |
| 12 |
$6,718,923 |
$2,446,332
$487,122 |
$3,785,469 |
| 13 |
$7,054,830 |
$2,570,617
$511,475 |
$3,972,738 |
| 14 |
$7,407,702 |
$2,701,180
$537,058 |
$4,169,464 |
| 15 |
$7,778,061 |
$2,838,213
$563,909 |
$4,375,939 |
| 16 |
$8,166,951 |
$2,982,102
$592,104 |
$4,592,745 |
| 17 |
$8,575,155 |
$3,133,138
$621,699 |
$4,820,318 |
| 18 |
$9,003,978 |
$3,291,802
$652,788 |
$5,059,388 |
| 19 |
$9,454,203 |
$3,458,385
$685,430 |
$5,310,388 |
| 20 |
$9,926,874 |
$3,633,274
$719,698 |
$5,573,902 |
| 21 |
$10,423,296 |
$3,816,950
$755,689 |
$5,850,657 |
| 22 |
$10,944,513 |
$4,009,800
$793,477 |
$6,141,236 |
| 23 |
$11,491,569 |
$4,212,211
$833,139 |
$6,446,219 |
| 24 |
$12,066,291 |
$4,424,858
$874,806 |
$6,766,627 |
| 25 |
$12,669,462 |
$4,648,031
$918,536 |
$7,102,895 |
| 26 |
$13,303,170 |
$4,882,503
$964,480 |
$7,456,187 |
| 27 |
$13,968,198 |
$5,128,564
$1,012,694 |
$7,826,940 |
| 28 |
$14,666,634 |
$5,386,985
$1,063,331 |
$8,216,318 |
| 29 |
$15,400,044 |
$5,658,347
$1,116,503 |
$8,625,194 |
| 30 |
$16,169,994 |
$5,943,228
$1,172,325 |
$9,054,441 |
|
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