The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Tue May 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(5%) | $4,315,000 | | Net Lumpsum Payment | $50,093,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$146,747 |
$1,741,938 |
| 2 |
$3,081,780 |
$1,100,589
$154,089 |
$1,827,102 |
| 3 |
$3,235,830 |
$1,157,587
$161,792 |
$1,916,451 |
| 4 |
$3,397,680 |
$1,217,472
$169,884 |
$2,010,324 |
| 5 |
$3,567,525 |
$1,280,315
$178,376 |
$2,108,834 |
| 6 |
$3,745,950 |
$1,346,332
$187,298 |
$2,212,320 |
| 7 |
$3,933,150 |
$1,415,596
$196,658 |
$2,320,896 |
| 8 |
$4,129,905 |
$1,488,395
$206,495 |
$2,435,015 |
| 9 |
$4,336,410 |
$1,564,802
$216,821 |
$2,554,787 |
| 10 |
$4,553,250 |
$1,645,033
$227,663 |
$2,680,554 |
| 11 |
$4,780,815 |
$1,729,232
$239,041 |
$2,812,542 |
| 12 |
$5,019,885 |
$1,817,688
$250,994 |
$2,951,203 |
| 13 |
$5,270,850 |
$1,910,545
$263,543 |
$3,096,762 |
| 14 |
$5,534,490 |
$2,008,092
$276,725 |
$3,249,673 |
| 15 |
$5,811,195 |
$2,110,473
$290,560 |
$3,410,162 |
| 16 |
$6,101,745 |
$2,217,976
$305,087 |
$3,578,682 |
| 17 |
$6,406,725 |
$2,330,819
$320,336 |
$3,755,570 |
| 18 |
$6,727,110 |
$2,449,361
$336,356 |
$3,941,393 |
| 19 |
$7,063,485 |
$2,573,820
$353,174 |
$4,136,491 |
| 20 |
$7,416,630 |
$2,704,483
$370,832 |
$4,341,315 |
| 21 |
$7,787,520 |
$2,841,713
$389,376 |
$4,556,431 |
| 22 |
$8,176,935 |
$2,985,796
$408,847 |
$4,782,292 |
| 23 |
$8,585,655 |
$3,137,023
$429,283 |
$5,019,349 |
| 24 |
$9,015,045 |
$3,295,897
$450,752 |
$5,268,396 |
| 25 |
$9,465,690 |
$3,462,636
$473,285 |
$5,529,769 |
| 26 |
$9,939,150 |
$3,637,816
$496,958 |
$5,804,376 |
| 27 |
$10,436,010 |
$3,821,654
$521,801 |
$6,092,555 |
| 28 |
$10,957,830 |
$4,014,727
$547,892 |
$6,395,211 |
| 29 |
$11,505,780 |
$4,217,469
$575,289 |
$6,713,022 |
| 30 |
$12,081,030 |
$4,430,311
$604,052 |
$7,046,667 |
|
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