The jackpot for the MEGA Millions draw on Tue Jun 16, 2026, is projected to be $430 Million, with an option for a cash payout of $191.2 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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine MEGA Millions Jackpot/Cash Option for Tue Jun 16, 2026 |
|---|
| Draw Date | Tue Jun 16, 2026 | | Projected Jackpot | $430,000,000 | | Cash Value | $191,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $191,200,000 | | Federal Tax(24%) | $45,888,000 | | Additional Federal Tax | $24,816,330 | | State Tax(5%) | $9,560,000 | | Net Lumpsum Payment | $110,935,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,471,930 |
$2,354,944
$323,597 |
$3,793,389 |
| 2 |
$6,795,720 |
$2,474,747
$339,786 |
$3,981,187 |
| 3 |
$7,135,420 |
$2,600,436
$356,771 |
$4,178,213 |
| 4 |
$7,492,320 |
$2,732,489
$374,616 |
$4,385,215 |
| 5 |
$7,866,850 |
$2,871,065
$393,343 |
$4,602,442 |
| 6 |
$8,260,300 |
$3,016,641
$413,015 |
$4,830,644 |
| 7 |
$8,673,100 |
$3,169,377
$433,655 |
$5,070,068 |
| 8 |
$9,106,970 |
$3,329,909
$455,349 |
$5,321,712 |
| 9 |
$9,562,340 |
$3,498,396
$478,117 |
$5,585,827 |
| 10 |
$10,040,500 |
$3,675,315
$502,025 |
$5,863,160 |
| 11 |
$10,542,310 |
$3,860,985
$527,116 |
$6,154,209 |
| 12 |
$11,069,490 |
$4,056,042
$553,475 |
$6,459,973 |
| 13 |
$11,622,900 |
$4,260,803
$581,145 |
$6,780,952 |
| 14 |
$12,204,260 |
$4,475,907
$610,213 |
$7,118,140 |
| 15 |
$12,814,430 |
$4,701,669
$640,722 |
$7,472,039 |
| 16 |
$13,455,130 |
$4,938,728
$672,757 |
$7,843,645 |
| 17 |
$14,127,650 |
$5,187,561
$706,383 |
$8,233,706 |
| 18 |
$14,834,140 |
$5,448,962
$741,707 |
$8,643,471 |
| 19 |
$15,575,890 |
$5,723,410
$778,795 |
$9,073,685 |
| 20 |
$16,354,620 |
$6,011,540
$817,731 |
$9,525,349 |
| 21 |
$17,172,480 |
$6,314,148
$858,624 |
$9,999,708 |
| 22 |
$18,031,190 |
$6,631,871
$901,560 |
$10,497,759 |
| 23 |
$18,932,470 |
$6,965,344
$946,624 |
$11,020,502 |
| 24 |
$19,879,330 |
$7,315,682
$993,967 |
$11,569,681 |
| 25 |
$20,873,060 |
$7,683,363
$1,043,653 |
$12,146,044 |
| 26 |
$21,917,100 |
$8,069,657
$1,095,855 |
$12,751,588 |
| 27 |
$23,012,740 |
$8,475,044
$1,150,637 |
$13,387,059 |
| 28 |
$24,163,420 |
$8,900,796
$1,208,171 |
$14,054,453 |
| 29 |
$25,371,720 |
$9,347,867
$1,268,586 |
$14,755,267 |
| 30 |
$26,640,220 |
$9,817,212
$1,332,011 |
$15,490,997 |
|
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