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 those living in South Dakota, the bright side is you won't have to pay any state taxes on your lottery prize.
| South Dakota 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(0%) | $0 | | Net Lumpsum Payment | $148,215,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,353,305 |
$3,051,053
$0 |
$5,302,252 |
| 2 |
$8,771,220 |
$3,205,682
$0 |
$5,565,538 |
| 3 |
$9,209,670 |
$3,367,908
$0 |
$5,841,762 |
| 4 |
$9,670,320 |
$3,538,349
$0 |
$6,131,971 |
| 5 |
$10,153,725 |
$3,717,209
$0 |
$6,436,516 |
| 6 |
$10,661,550 |
$3,905,104
$0 |
$6,756,446 |
| 7 |
$11,194,350 |
$4,102,240
$0 |
$7,092,110 |
| 8 |
$11,754,345 |
$4,309,438
$0 |
$7,444,907 |
| 9 |
$12,342,090 |
$4,526,904
$0 |
$7,815,186 |
| 10 |
$12,959,250 |
$4,755,253
$0 |
$8,203,997 |
| 11 |
$13,606,935 |
$4,994,896
$0 |
$8,612,039 |
| 12 |
$14,287,365 |
$5,246,655
$0 |
$9,040,710 |
| 13 |
$15,001,650 |
$5,510,941
$0 |
$9,490,709 |
| 14 |
$15,752,010 |
$5,788,574
$0 |
$9,963,436 |
| 15 |
$16,539,555 |
$6,079,966
$0 |
$10,459,589 |
| 16 |
$17,366,505 |
$6,385,937
$0 |
$10,980,568 |
| 17 |
$18,234,525 |
$6,707,105
$0 |
$11,527,420 |
| 18 |
$19,146,390 |
$7,044,495
$0 |
$12,101,895 |
| 19 |
$20,103,765 |
$7,398,723
$0 |
$12,705,042 |
| 20 |
$21,108,870 |
$7,770,612
$0 |
$13,338,258 |
| 21 |
$22,164,480 |
$8,161,188
$0 |
$14,003,292 |
| 22 |
$23,272,815 |
$8,571,272
$0 |
$14,701,543 |
| 23 |
$24,436,095 |
$9,001,686
$0 |
$15,434,409 |
| 24 |
$25,658,205 |
$9,453,866
$0 |
$16,204,339 |
| 25 |
$26,940,810 |
$9,928,430
$0 |
$17,012,380 |
| 26 |
$28,288,350 |
$10,427,020
$0 |
$17,861,330 |
| 27 |
$29,702,490 |
$10,950,252
$0 |
$18,752,238 |
| 28 |
$31,187,670 |
$11,499,768
$0 |
$19,687,902 |
| 29 |
$32,747,220 |
$12,076,802
$0 |
$20,670,418 |
| 30 |
$34,384,470 |
$12,682,584
$0 |
$21,701,886 |
|
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