The jackpot for the MEGA Millions draw on Tue Jul 21, 2026, is projected to be $707 Million, with an option for a cash payout of $307.7 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 Tue Jul 21, 2026 |
|---|
| Draw Date | Tue Jul 21, 2026 | | Projected Jackpot | $707,000,000 | | Cash Value | $307,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $307,700,000 | | Federal Tax(24%) | $73,848,000 | | Additional Federal Tax | $39,961,330 | | State Tax(10.75%) | $33,077,750 | | Net Lumpsum Payment | $160,812,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,641,057 |
$3,897,521
$1,143,914 |
$5,599,622 |
| 2 |
$11,173,428 |
$4,094,499
$1,201,144 |
$5,877,785 |
| 3 |
$11,731,958 |
$4,301,155
$1,261,185 |
$6,169,618 |
| 4 |
$12,318,768 |
$4,518,275
$1,324,268 |
$6,476,225 |
| 5 |
$12,934,565 |
$4,746,119
$1,390,466 |
$6,797,980 |
| 6 |
$13,581,470 |
$4,985,474
$1,460,008 |
$7,135,988 |
| 7 |
$14,260,190 |
$5,236,601
$1,532,970 |
$7,490,619 |
| 8 |
$14,973,553 |
$5,500,545
$1,609,657 |
$7,863,351 |
| 9 |
$15,722,266 |
$5,777,569
$1,690,144 |
$8,254,553 |
| 10 |
$16,508,450 |
$6,068,457
$1,774,658 |
$8,665,335 |
| 11 |
$17,333,519 |
$6,373,732
$1,863,353 |
$9,096,434 |
| 12 |
$18,200,301 |
$6,694,442
$1,956,532 |
$9,549,327 |
| 13 |
$19,110,210 |
$7,031,108
$2,054,348 |
$10,024,754 |
| 14 |
$20,066,074 |
$7,384,778
$2,157,103 |
$10,524,193 |
| 15 |
$21,069,307 |
$7,755,974
$2,264,951 |
$11,048,382 |
| 16 |
$22,122,737 |
$8,145,743
$2,378,194 |
$11,598,800 |
| 17 |
$23,228,485 |
$8,554,870
$2,497,062 |
$12,176,553 |
| 18 |
$24,390,086 |
$8,984,662
$2,621,934 |
$12,783,490 |
| 19 |
$25,609,661 |
$9,435,905
$2,753,039 |
$13,420,717 |
| 20 |
$26,890,038 |
$9,909,644
$2,890,679 |
$14,089,715 |
| 21 |
$28,234,752 |
$10,407,189
$3,035,236 |
$14,792,327 |
| 22 |
$29,646,631 |
$10,929,584
$3,187,013 |
$15,530,034 |
| 23 |
$31,128,503 |
$11,477,876
$3,346,314 |
$16,304,313 |
| 24 |
$32,685,317 |
$12,053,898
$3,513,672 |
$17,117,747 |
| 25 |
$34,319,194 |
$12,658,432
$3,689,313 |
$17,971,449 |
| 26 |
$36,035,790 |
$13,293,573
$3,873,847 |
$18,868,370 |
| 27 |
$37,837,226 |
$13,960,104
$4,067,502 |
$19,809,620 |
| 28 |
$39,729,158 |
$14,660,119
$4,270,884 |
$20,798,155 |
| 29 |
$41,715,828 |
$15,395,187
$4,484,452 |
$21,836,189 |
| 30 |
$43,801,478 |
$16,166,877
$4,708,659 |
$22,925,942 |
|
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