The jackpot for the MEGA Millions draw on Fri Jul 17, 2026, is projected to be $672 Million, with an option for a cash payout of $293.3 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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine MEGA Millions Jackpot/Cash Option for Fri Jul 17, 2026 |
|---|
| Draw Date | Fri Jul 17, 2026 | | Projected Jackpot | $672,000,000 | | Cash Value | $293,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $293,300,000 | | Federal Tax(24%) | $70,392,000 | | Additional Federal Tax | $38,089,330 | | State Tax(5%) | $14,665,000 | | Net Lumpsum Payment | $170,153,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,114,272 |
$3,702,611
$505,714 |
$5,905,947 |
| 2 |
$10,620,288 |
$3,889,837
$531,014 |
$6,199,437 |
| 3 |
$11,151,168 |
$4,086,263
$557,558 |
$6,507,347 |
| 4 |
$11,708,928 |
$4,292,634
$585,446 |
$6,830,848 |
| 5 |
$12,294,240 |
$4,509,199
$614,712 |
$7,170,329 |
| 6 |
$12,909,120 |
$4,736,705
$645,456 |
$7,526,959 |
| 7 |
$13,554,240 |
$4,975,399
$677,712 |
$7,901,129 |
| 8 |
$14,232,288 |
$5,226,277
$711,614 |
$8,294,397 |
| 9 |
$14,943,936 |
$5,489,587
$747,197 |
$8,707,152 |
| 10 |
$15,691,200 |
$5,766,074
$784,560 |
$9,140,566 |
| 11 |
$16,475,424 |
$6,056,237
$823,771 |
$9,595,416 |
| 12 |
$17,299,296 |
$6,361,070
$864,965 |
$10,073,261 |
| 13 |
$18,164,160 |
$6,681,070
$908,208 |
$10,574,882 |
| 14 |
$19,072,704 |
$7,017,231
$953,635 |
$11,101,838 |
| 15 |
$20,026,272 |
$7,370,051
$1,001,314 |
$11,654,907 |
| 16 |
$21,027,552 |
$7,740,525
$1,051,378 |
$12,235,649 |
| 17 |
$22,078,560 |
$8,129,398
$1,103,928 |
$12,845,234 |
| 18 |
$23,182,656 |
$8,537,913
$1,159,133 |
$13,485,610 |
| 19 |
$24,341,856 |
$8,966,817
$1,217,093 |
$14,157,946 |
| 20 |
$25,558,848 |
$9,417,104
$1,277,942 |
$14,863,802 |
| 21 |
$26,836,992 |
$9,890,017
$1,341,850 |
$15,605,125 |
| 22 |
$28,178,976 |
$10,386,552
$1,408,949 |
$16,383,475 |
| 23 |
$29,587,488 |
$10,907,701
$1,479,374 |
$17,200,413 |
| 24 |
$31,067,232 |
$11,455,206
$1,553,362 |
$18,058,664 |
| 25 |
$32,620,224 |
$12,029,813
$1,631,011 |
$18,959,400 |
| 26 |
$34,251,840 |
$12,633,511
$1,712,592 |
$19,905,737 |
| 27 |
$35,964,096 |
$13,267,046
$1,798,205 |
$20,898,845 |
| 28 |
$37,762,368 |
$13,932,407
$1,888,118 |
$21,941,843 |
| 29 |
$39,650,688 |
$14,631,085
$1,982,534 |
$23,037,069 |
| 30 |
$41,633,088 |
$15,364,573
$2,081,654 |
$24,186,861 |
|
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