The jackpot for the MEGA Millions draw on Fri Jun 12, 2026, is projected to be $413 Million, with an option for a cash payout of $182.6 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 Fri Jun 12, 2026 |
|---|
| Draw Date | Fri Jun 12, 2026 | | Projected Jackpot | $413,000,000 | | Cash Value | $182,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $182,600,000 | | Federal Tax(24%) | $43,824,000 | | Additional Federal Tax | $23,698,330 | | State Tax(7.25%) | $13,238,500 | | Net Lumpsum Payment | $101,839,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,216,063 |
$2,260,274
$450,665 |
$3,505,124 |
| 2 |
$6,527,052 |
$2,375,340
$473,211 |
$3,678,501 |
| 3 |
$6,853,322 |
$2,496,060
$496,866 |
$3,860,396 |
| 4 |
$7,196,112 |
$2,622,892
$521,718 |
$4,051,502 |
| 5 |
$7,555,835 |
$2,755,989
$547,798 |
$4,252,048 |
| 6 |
$7,933,730 |
$2,895,810
$575,195 |
$4,462,725 |
| 7 |
$8,330,210 |
$3,042,508
$603,940 |
$4,683,762 |
| 8 |
$8,746,927 |
$3,196,693
$634,152 |
$4,916,082 |
| 9 |
$9,184,294 |
$3,358,519
$665,861 |
$5,159,914 |
| 10 |
$9,643,550 |
$3,528,444
$699,157 |
$5,415,949 |
| 11 |
$10,125,521 |
$3,706,773
$734,100 |
$5,684,648 |
| 12 |
$10,631,859 |
$3,894,118
$770,810 |
$5,966,931 |
| 13 |
$11,163,390 |
$4,090,785
$809,346 |
$6,263,259 |
| 14 |
$11,721,766 |
$4,297,384
$849,828 |
$6,574,554 |
| 15 |
$12,307,813 |
$4,514,221
$892,316 |
$6,901,276 |
| 16 |
$12,923,183 |
$4,741,908
$936,931 |
$7,244,344 |
| 17 |
$13,569,115 |
$4,980,903
$983,761 |
$7,604,451 |
| 18 |
$14,247,674 |
$5,231,970
$1,032,956 |
$7,982,748 |
| 19 |
$14,960,099 |
$5,495,567
$1,084,607 |
$8,379,925 |
| 20 |
$15,708,042 |
$5,772,306
$1,138,833 |
$8,796,903 |
| 21 |
$16,493,568 |
$6,062,951
$1,195,784 |
$9,234,833 |
| 22 |
$17,318,329 |
$6,368,112
$1,255,579 |
$9,694,638 |
| 23 |
$18,183,977 |
$6,688,402
$1,318,338 |
$10,177,237 |
| 24 |
$19,093,403 |
$7,024,889
$1,384,272 |
$10,684,242 |
| 25 |
$20,047,846 |
$7,378,033
$1,453,469 |
$11,216,344 |
| 26 |
$21,050,610 |
$7,749,056
$1,526,169 |
$11,775,385 |
| 27 |
$22,102,934 |
$8,138,416
$1,602,463 |
$12,362,055 |
| 28 |
$23,208,122 |
$8,547,336
$1,682,589 |
$12,978,197 |
| 29 |
$24,368,652 |
$8,976,732
$1,766,727 |
$13,625,193 |
| 30 |
$25,587,002 |
$9,427,521
$1,855,058 |
$14,304,423 |
|
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