The jackpot for the MEGA Millions draw on Fri Jul 24, 2026, is projected to be $743 Million, with an option for a cash payout of $323.4 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Fri Jul 24, 2026 |
|---|
| Draw Date | Fri Jul 24, 2026 | | Projected Jackpot | $743,000,000 | | Cash Value | $323,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $323,400,000 | | Federal Tax(24%) | $77,616,000 | | Additional Federal Tax | $42,002,330 | | State Tax(10.75%) | $34,765,500 | | Net Lumpsum Payment | $169,016,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$1,202,161 |
$5,882,731 |
| 2 |
$11,742,372 |
$4,305,008
$1,262,305 |
$6,175,059 |
| 3 |
$12,329,342 |
$4,522,187
$1,325,404 |
$6,481,751 |
| 4 |
$12,946,032 |
$4,750,362
$1,391,698 |
$6,803,972 |
| 5 |
$13,593,185 |
$4,989,809
$1,461,267 |
$7,142,109 |
| 6 |
$14,273,030 |
$5,241,351
$1,534,351 |
$7,497,328 |
| 7 |
$14,986,310 |
$5,505,265
$1,611,028 |
$7,870,017 |
| 8 |
$15,735,997 |
$5,782,649
$1,691,620 |
$8,261,728 |
| 9 |
$16,522,834 |
$6,073,779
$1,776,205 |
$8,672,850 |
| 10 |
$17,349,050 |
$6,379,479
$1,865,023 |
$9,104,548 |
| 11 |
$18,216,131 |
$6,700,299
$1,958,234 |
$9,557,598 |
| 12 |
$19,127,049 |
$7,037,339
$2,056,158 |
$10,033,552 |
| 13 |
$20,083,290 |
$7,391,148
$2,158,954 |
$10,533,188 |
| 14 |
$21,087,826 |
$7,762,826
$2,266,941 |
$11,058,059 |
| 15 |
$22,142,143 |
$8,152,923
$2,380,280 |
$11,608,940 |
| 16 |
$23,249,213 |
$8,562,539
$2,499,290 |
$12,187,384 |
| 17 |
$24,411,265 |
$8,992,498
$2,624,211 |
$12,794,556 |
| 18 |
$25,632,014 |
$9,444,176
$2,755,442 |
$13,432,396 |
| 19 |
$26,913,689 |
$9,918,395
$2,893,222 |
$14,102,072 |
| 20 |
$28,259,262 |
$10,416,257
$3,037,871 |
$14,805,134 |
| 21 |
$29,672,448 |
$10,939,136
$3,189,788 |
$15,543,524 |
| 22 |
$31,156,219 |
$11,488,131
$3,349,294 |
$16,318,794 |
| 23 |
$32,713,547 |
$12,064,343
$3,516,706 |
$17,132,498 |
| 24 |
$34,349,633 |
$12,669,695
$3,692,586 |
$17,987,352 |
| 25 |
$36,066,706 |
$13,305,012
$3,877,171 |
$18,884,523 |
| 26 |
$37,870,710 |
$13,972,493
$4,071,101 |
$19,827,116 |
| 27 |
$39,763,874 |
$14,672,964
$4,274,616 |
$20,816,294 |
| 28 |
$41,752,142 |
$15,408,623
$4,488,355 |
$21,855,164 |
| 29 |
$43,839,972 |
$16,181,120
$4,712,797 |
$22,946,055 |
| 30 |
$46,031,822 |
$16,992,105
$4,948,421 |
$24,091,296 |
|
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