The jackpot for the MEGA Millions draw on Tue Oct 27, 2026, is projected to be $443 Million, with an option for a cash payout of $186.5 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 Oct 27, 2026 |
|---|
| Draw Date | Tue Oct 27, 2026 | | Projected Jackpot | $443,000,000 | | Cash Value | $186,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $186,500,000 | | Federal Tax(24%) | $44,760,000 | | Additional Federal Tax | $24,205,330 | | State Tax(7.25%) | $13,521,250 | | Net Lumpsum Payment | $104,013,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,667,593 |
$2,427,340
$483,400 |
$3,756,853 |
| 2 |
$7,001,172 |
$2,550,764
$507,585 |
$3,942,823 |
| 3 |
$7,351,142 |
$2,680,253
$532,958 |
$4,137,931 |
| 4 |
$7,718,832 |
$2,816,298
$559,615 |
$4,342,919 |
| 5 |
$8,104,685 |
$2,959,064
$587,590 |
$4,558,031 |
| 6 |
$8,510,030 |
$3,109,041
$616,977 |
$4,784,012 |
| 7 |
$8,935,310 |
$3,266,395
$647,810 |
$5,021,105 |
| 8 |
$9,382,297 |
$3,431,780
$680,217 |
$5,270,300 |
| 9 |
$9,851,434 |
$3,605,361
$714,229 |
$5,531,844 |
| 10 |
$10,344,050 |
$3,787,629
$749,944 |
$5,806,477 |
| 11 |
$10,861,031 |
$3,978,912
$787,425 |
$6,094,694 |
| 12 |
$11,404,149 |
$4,179,866
$826,801 |
$6,397,482 |
| 13 |
$11,974,290 |
$4,390,818
$868,136 |
$6,715,336 |
| 14 |
$12,573,226 |
$4,612,424
$911,559 |
$7,049,243 |
| 15 |
$13,201,843 |
$4,845,012
$957,134 |
$7,399,697 |
| 16 |
$13,861,913 |
$5,089,238
$1,004,989 |
$7,767,686 |
| 17 |
$14,554,765 |
$5,345,593
$1,055,220 |
$8,153,952 |
| 18 |
$15,282,614 |
$5,614,898
$1,107,990 |
$8,559,726 |
| 19 |
$16,046,789 |
$5,897,642
$1,163,392 |
$8,985,755 |
| 20 |
$16,849,062 |
$6,194,483
$1,221,557 |
$9,433,022 |
| 21 |
$17,691,648 |
$6,506,240
$1,282,644 |
$9,902,764 |
| 22 |
$18,576,319 |
$6,833,568
$1,346,783 |
$10,395,968 |
| 23 |
$19,504,847 |
$7,177,124
$1,414,101 |
$10,913,622 |
| 24 |
$20,480,333 |
$7,538,054
$1,484,824 |
$11,457,455 |
| 25 |
$21,504,106 |
$7,916,850
$1,559,048 |
$12,028,208 |
| 26 |
$22,579,710 |
$8,314,823
$1,637,029 |
$12,627,858 |
| 27 |
$23,708,474 |
$8,732,466
$1,718,864 |
$13,257,144 |
| 28 |
$24,893,942 |
$9,171,089
$1,804,811 |
$13,918,042 |
| 29 |
$26,138,772 |
$9,631,676
$1,895,061 |
$14,612,035 |
| 30 |
$27,445,622 |
$10,115,211
$1,989,808 |
$15,340,603 |
|
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