The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Tue May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(4%) | $5,456,000 | | Net Lumpsum Payment | $80,515,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$187,234 |
$2,801,378 |
| 2 |
$4,915,044 |
$1,778,897
$196,602 |
$2,939,545 |
| 3 |
$5,160,734 |
$1,869,802
$206,429 |
$3,084,503 |
| 4 |
$5,418,864 |
$1,965,310
$216,755 |
$3,236,799 |
| 5 |
$5,689,745 |
$2,065,536
$227,590 |
$3,396,619 |
| 6 |
$5,974,310 |
$2,170,825
$238,972 |
$3,564,513 |
| 7 |
$6,272,870 |
$2,281,292
$250,915 |
$3,740,663 |
| 8 |
$6,586,669 |
$2,397,398
$263,467 |
$3,925,804 |
| 9 |
$6,916,018 |
$2,519,257
$276,641 |
$4,120,120 |
| 10 |
$7,261,850 |
$2,647,215
$290,474 |
$4,324,161 |
| 11 |
$7,624,787 |
$2,781,502
$304,991 |
$4,538,294 |
| 12 |
$8,006,073 |
$2,922,577
$320,243 |
$4,763,253 |
| 13 |
$8,406,330 |
$3,070,672
$336,253 |
$4,999,405 |
| 14 |
$8,826,802 |
$3,226,247
$353,072 |
$5,247,483 |
| 15 |
$9,268,111 |
$3,389,531
$370,724 |
$5,507,856 |
| 16 |
$9,731,501 |
$3,560,986
$389,260 |
$5,781,255 |
| 17 |
$10,217,905 |
$3,740,955
$408,716 |
$6,068,234 |
| 18 |
$10,728,878 |
$3,930,015
$429,155 |
$6,369,708 |
| 19 |
$11,265,353 |
$4,128,511
$450,614 |
$6,686,228 |
| 20 |
$11,828,574 |
$4,336,903
$473,143 |
$7,018,528 |
| 21 |
$12,420,096 |
$4,555,766
$496,804 |
$7,367,526 |
| 22 |
$13,041,163 |
$4,785,561
$521,647 |
$7,733,955 |
| 23 |
$13,693,019 |
$5,026,747
$547,721 |
$8,118,551 |
| 24 |
$14,377,841 |
$5,280,132
$575,114 |
$8,522,595 |
| 25 |
$15,096,562 |
$5,546,058
$603,862 |
$8,946,642 |
| 26 |
$15,851,670 |
$5,825,448
$634,067 |
$9,392,155 |
| 27 |
$16,644,098 |
$6,118,647
$665,764 |
$9,859,687 |
| 28 |
$17,476,334 |
$6,426,574
$699,053 |
$10,350,707 |
| 29 |
$18,350,244 |
$6,749,921
$734,010 |
$10,866,313 |
| 30 |
$19,267,694 |
$7,089,377
$770,708 |
$11,407,609 |
|
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