The jackpot for the MEGA Millions draw on Tue Sep 8, 2026, is projected to be $193 Million, with an option for a cash payout of $82.8 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 California, the bright side is you won't have to pay any state taxes on your lottery prize.
| California MEGA Millions Jackpot/Cash Option for Tue Sep 8, 2026 |
|---|
| Draw Date | Tue Sep 8, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $82,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,800,000 | | Federal Tax(24%) | $19,872,000 | | Additional Federal Tax | $10,724,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $52,203,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$0 |
$1,869,721 |
| 2 |
$3,050,172 |
$1,088,894
$0 |
$1,961,278 |
| 3 |
$3,202,642 |
$1,145,308
$0 |
$2,057,334 |
| 4 |
$3,362,832 |
$1,204,578
$0 |
$2,158,254 |
| 5 |
$3,530,935 |
$1,266,776
$0 |
$2,264,159 |
| 6 |
$3,707,530 |
$1,332,116
$0 |
$2,375,414 |
| 7 |
$3,892,810 |
$1,400,670
$0 |
$2,492,140 |
| 8 |
$4,087,547 |
$1,472,723
$0 |
$2,614,824 |
| 9 |
$4,291,934 |
$1,548,346
$0 |
$2,743,588 |
| 10 |
$4,506,550 |
$1,627,754
$0 |
$2,878,796 |
| 11 |
$4,731,781 |
$1,711,089
$0 |
$3,020,692 |
| 12 |
$4,968,399 |
$1,798,638
$0 |
$3,169,761 |
| 13 |
$5,216,790 |
$1,890,543
$0 |
$3,326,247 |
| 14 |
$5,477,726 |
$1,987,089
$0 |
$3,490,637 |
| 15 |
$5,751,593 |
$2,088,420
$0 |
$3,663,173 |
| 16 |
$6,039,163 |
$2,194,821
$0 |
$3,844,342 |
| 17 |
$6,341,015 |
$2,306,506
$0 |
$4,034,509 |
| 18 |
$6,658,114 |
$2,423,833
$0 |
$4,234,281 |
| 19 |
$6,991,039 |
$2,547,015
$0 |
$4,444,024 |
| 20 |
$7,340,562 |
$2,676,338
$0 |
$4,664,224 |
| 21 |
$7,707,648 |
$2,812,160
$0 |
$4,895,488 |
| 22 |
$8,093,069 |
$2,954,766
$0 |
$5,138,303 |
| 23 |
$8,497,597 |
$3,104,441
$0 |
$5,393,156 |
| 24 |
$8,922,583 |
$3,261,686
$0 |
$5,660,897 |
| 25 |
$9,368,606 |
$3,426,715
$0 |
$5,941,891 |
| 26 |
$9,837,210 |
$3,600,098
$0 |
$6,237,112 |
| 27 |
$10,328,974 |
$3,782,051
$0 |
$6,546,923 |
| 28 |
$10,845,442 |
$3,973,144
$0 |
$6,872,298 |
| 29 |
$11,387,772 |
$4,173,806
$0 |
$7,213,966 |
| 30 |
$11,957,122 |
$4,384,466
$0 |
$7,572,656 |
|
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