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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine 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(5%) | $16,170,000 | | Net Lumpsum Payment | $187,611,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$11,182,893 |
$4,098,001
$559,145 |
$6,525,747 |
| 2 |
$11,742,372 |
$4,305,008
$587,119 |
$6,850,245 |
| 3 |
$12,329,342 |
$4,522,187
$616,467 |
$7,190,688 |
| 4 |
$12,946,032 |
$4,750,362
$647,302 |
$7,548,368 |
| 5 |
$13,593,185 |
$4,989,809
$679,659 |
$7,923,717 |
| 6 |
$14,273,030 |
$5,241,351
$713,652 |
$8,318,027 |
| 7 |
$14,986,310 |
$5,505,265
$749,316 |
$8,731,729 |
| 8 |
$15,735,997 |
$5,782,649
$786,800 |
$9,166,548 |
| 9 |
$16,522,834 |
$6,073,779
$826,142 |
$9,622,913 |
| 10 |
$17,349,050 |
$6,379,479
$867,453 |
$10,102,118 |
| 11 |
$18,216,131 |
$6,700,299
$910,807 |
$10,605,025 |
| 12 |
$19,127,049 |
$7,037,339
$956,352 |
$11,133,358 |
| 13 |
$20,083,290 |
$7,391,148
$1,004,165 |
$11,687,977 |
| 14 |
$21,087,826 |
$7,762,826
$1,054,391 |
$12,270,609 |
| 15 |
$22,142,143 |
$8,152,923
$1,107,107 |
$12,882,113 |
| 16 |
$23,249,213 |
$8,562,539
$1,162,461 |
$13,524,213 |
| 17 |
$24,411,265 |
$8,992,498
$1,220,563 |
$14,198,204 |
| 18 |
$25,632,014 |
$9,444,176
$1,281,601 |
$14,906,237 |
| 19 |
$26,913,689 |
$9,918,395
$1,345,684 |
$15,649,610 |
| 20 |
$28,259,262 |
$10,416,257
$1,412,963 |
$16,430,042 |
| 21 |
$29,672,448 |
$10,939,136
$1,483,622 |
$17,249,690 |
| 22 |
$31,156,219 |
$11,488,131
$1,557,811 |
$18,110,277 |
| 23 |
$32,713,547 |
$12,064,343
$1,635,677 |
$19,013,527 |
| 24 |
$34,349,633 |
$12,669,695
$1,717,482 |
$19,962,456 |
| 25 |
$36,066,706 |
$13,305,012
$1,803,335 |
$20,958,359 |
| 26 |
$37,870,710 |
$13,972,493
$1,893,536 |
$22,004,681 |
| 27 |
$39,763,874 |
$14,672,964
$1,988,194 |
$23,102,716 |
| 28 |
$41,752,142 |
$15,408,623
$2,087,607 |
$24,255,912 |
| 29 |
$43,839,972 |
$16,181,120
$2,191,999 |
$25,466,853 |
| 30 |
$46,031,822 |
$16,992,105
$2,301,591 |
$26,738,126 |
|
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