The jackpot for the MEGA Millions draw on Fri Apr 10, 2026, is projected to be $110 Million, with an option for a cash payout of $49.2 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 Iowa residents, the state will deduct 5% from your lottery earnings.
| Iowa MEGA Millions Jackpot/Cash Option for Fri Apr 10, 2026 |
|---|
| Draw Date | Fri Apr 10, 2026 | | Projected Jackpot | $110,000,000 | | Cash Value | $49,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $49,200,000 | | Federal Tax(24%) | $11,808,000 | | Additional Federal Tax | $6,356,330 | | State Tax(5%) | $2,460,000 | | Net Lumpsum Payment | $28,575,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$1,655,610 |
$572,906
$82,781 |
$999,923 |
| 2 |
$1,738,440 |
$603,553
$86,922 |
$1,047,965 |
| 3 |
$1,825,340 |
$635,706
$91,267 |
$1,098,367 |
| 4 |
$1,916,640 |
$669,487
$95,832 |
$1,151,321 |
| 5 |
$2,012,450 |
$704,937
$100,623 |
$1,206,890 |
| 6 |
$2,113,100 |
$742,177
$105,655 |
$1,265,268 |
| 7 |
$2,218,700 |
$781,249
$110,935 |
$1,326,516 |
| 8 |
$2,329,690 |
$822,316
$116,485 |
$1,390,889 |
| 9 |
$2,446,180 |
$865,417
$122,309 |
$1,458,454 |
| 10 |
$2,568,500 |
$910,675
$128,425 |
$1,529,400 |
| 11 |
$2,696,870 |
$958,172
$134,844 |
$1,603,854 |
| 12 |
$2,831,730 |
$1,008,070
$141,587 |
$1,682,073 |
| 13 |
$2,973,300 |
$1,060,451
$148,665 |
$1,764,184 |
| 14 |
$3,122,020 |
$1,115,478
$156,101 |
$1,850,441 |
| 15 |
$3,278,110 |
$1,173,231
$163,906 |
$1,940,973 |
| 16 |
$3,442,010 |
$1,233,874
$172,101 |
$2,036,035 |
| 17 |
$3,614,050 |
$1,297,529
$180,703 |
$2,135,818 |
| 18 |
$3,794,780 |
$1,364,399
$189,739 |
$2,240,642 |
| 19 |
$3,984,530 |
$1,434,606
$199,227 |
$2,350,697 |
| 20 |
$4,183,740 |
$1,508,314
$209,187 |
$2,466,239 |
| 21 |
$4,392,960 |
$1,585,726
$219,648 |
$2,587,586 |
| 22 |
$4,612,630 |
$1,667,003
$230,632 |
$2,714,995 |
| 23 |
$4,843,190 |
$1,752,311
$242,160 |
$2,848,719 |
| 24 |
$5,085,410 |
$1,841,932
$254,271 |
$2,989,207 |
| 25 |
$5,339,620 |
$1,935,990
$266,981 |
$3,136,649 |
| 26 |
$5,606,700 |
$2,034,809
$280,335 |
$3,291,556 |
| 27 |
$5,886,980 |
$2,138,513
$294,349 |
$3,454,118 |
| 28 |
$6,181,340 |
$2,247,426
$309,067 |
$3,624,847 |
| 29 |
$6,490,440 |
$2,361,793
$324,522 |
$3,804,125 |
| 30 |
$6,814,940 |
$2,481,858
$340,747 |
$3,992,335 |
|
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