The jackpot for the MEGA Millions draw on Tue Mar 10, 2026, is projected to be $533 Million, with an option for a cash payout of $244.2 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota MEGA Millions Jackpot/Cash Option for Tue Mar 10, 2026 |
|---|
| Draw Date | Tue Mar 10, 2026 | | Projected Jackpot | $533,000,000 | | Cash Value | $244,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $244,200,000 | | Federal Tax(24%) | $58,608,000 | | Additional Federal Tax | $31,706,330 | | State Tax(7.25%) | $17,704,500 | | Net Lumpsum Payment | $136,181,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,022,183 |
$2,928,538
$581,608 |
$4,512,037 |
| 2 |
$8,423,532 |
$3,077,037
$610,706 |
$4,735,789 |
| 3 |
$8,844,602 |
$3,232,833
$641,234 |
$4,970,535 |
| 4 |
$9,286,992 |
$3,396,517
$673,307 |
$5,217,168 |
| 5 |
$9,751,235 |
$3,568,287
$706,965 |
$5,475,983 |
| 6 |
$10,238,930 |
$3,748,734
$742,322 |
$5,747,874 |
| 7 |
$10,750,610 |
$3,938,056
$779,419 |
$6,033,135 |
| 8 |
$11,288,407 |
$4,137,041
$818,410 |
$6,332,956 |
| 9 |
$11,852,854 |
$4,345,886
$859,332 |
$6,647,636 |
| 10 |
$12,445,550 |
$4,565,184
$902,302 |
$6,978,064 |
| 11 |
$13,067,561 |
$4,795,328
$947,398 |
$7,324,835 |
| 12 |
$13,721,019 |
$5,037,107
$994,774 |
$7,689,138 |
| 13 |
$14,406,990 |
$5,290,917
$1,044,507 |
$8,071,566 |
| 14 |
$15,127,606 |
$5,557,545
$1,096,751 |
$8,473,310 |
| 15 |
$15,883,933 |
$5,837,386
$1,151,585 |
$8,894,962 |
| 16 |
$16,678,103 |
$6,131,228
$1,209,162 |
$9,337,713 |
| 17 |
$17,511,715 |
$6,439,665
$1,269,599 |
$9,802,451 |
| 18 |
$18,387,434 |
$6,763,681
$1,333,089 |
$10,290,664 |
| 19 |
$19,306,859 |
$7,103,868
$1,399,747 |
$10,803,244 |
| 20 |
$20,272,122 |
$7,461,016
$1,469,729 |
$11,341,377 |
| 21 |
$21,285,888 |
$7,836,109
$1,543,227 |
$11,906,552 |
| 22 |
$22,350,289 |
$8,229,937
$1,620,396 |
$12,499,956 |
| 23 |
$23,467,457 |
$8,643,289
$1,701,391 |
$13,122,777 |
| 24 |
$24,641,123 |
$9,077,546
$1,786,481 |
$13,777,096 |
| 25 |
$25,872,886 |
$9,533,298
$1,875,784 |
$14,463,804 |
| 26 |
$27,167,010 |
$10,012,124
$1,969,608 |
$15,185,278 |
| 27 |
$28,525,094 |
$10,514,615
$2,068,069 |
$15,942,410 |
| 28 |
$29,951,402 |
$11,042,349
$2,171,477 |
$16,737,576 |
| 29 |
$31,449,132 |
$11,596,509
$2,280,062 |
$17,572,561 |
| 30 |
$33,021,482 |
$12,178,279
$2,394,057 |
$18,449,146 |
|
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