The jackpot for the MEGA Millions draw on Tue May 26, 2026, is projected to be $311 Million, with an option for a cash payout of $136.4 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 May 26, 2026 |
|---|
| Draw Date | Tue May 26, 2026 | | Projected Jackpot | $311,000,000 | | Cash Value | $136,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,400,000 | | Federal Tax(24%) | $32,736,000 | | Additional Federal Tax | $17,692,330 | | State Tax(7.25%) | $9,889,000 | | Net Lumpsum Payment | $76,082,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,680,861 |
$1,692,249
$339,362 |
$2,649,250 |
| 2 |
$4,915,044 |
$1,778,897
$356,341 |
$2,779,806 |
| 3 |
$5,160,734 |
$1,869,802
$374,153 |
$2,916,779 |
| 4 |
$5,418,864 |
$1,965,310
$392,868 |
$3,060,686 |
| 5 |
$5,689,745 |
$2,065,536
$412,507 |
$3,211,702 |
| 6 |
$5,974,310 |
$2,170,825
$433,137 |
$3,370,348 |
| 7 |
$6,272,870 |
$2,281,292
$454,783 |
$3,536,795 |
| 8 |
$6,586,669 |
$2,397,398
$477,534 |
$3,711,737 |
| 9 |
$6,916,018 |
$2,519,257
$501,411 |
$3,895,350 |
| 10 |
$7,261,850 |
$2,647,215
$526,484 |
$4,088,151 |
| 11 |
$7,624,787 |
$2,781,502
$552,797 |
$4,290,488 |
| 12 |
$8,006,073 |
$2,922,577
$580,440 |
$4,503,056 |
| 13 |
$8,406,330 |
$3,070,672
$609,459 |
$4,726,199 |
| 14 |
$8,826,802 |
$3,226,247
$639,943 |
$4,960,612 |
| 15 |
$9,268,111 |
$3,389,531
$671,938 |
$5,206,642 |
| 16 |
$9,731,501 |
$3,560,986
$705,534 |
$5,464,981 |
| 17 |
$10,217,905 |
$3,740,955
$740,798 |
$5,736,152 |
| 18 |
$10,728,878 |
$3,930,015
$777,844 |
$6,021,019 |
| 19 |
$11,265,353 |
$4,128,511
$816,738 |
$6,320,104 |
| 20 |
$11,828,574 |
$4,336,903
$857,572 |
$6,634,099 |
| 21 |
$12,420,096 |
$4,555,766
$900,457 |
$6,963,873 |
| 22 |
$13,041,163 |
$4,785,561
$945,484 |
$7,310,118 |
| 23 |
$13,693,019 |
$5,026,747
$992,744 |
$7,673,528 |
| 24 |
$14,377,841 |
$5,280,132
$1,042,393 |
$8,055,316 |
| 25 |
$15,096,562 |
$5,546,058
$1,094,501 |
$8,456,003 |
| 26 |
$15,851,670 |
$5,825,448
$1,149,246 |
$8,876,976 |
| 27 |
$16,644,098 |
$6,118,647
$1,206,697 |
$9,318,754 |
| 28 |
$17,476,334 |
$6,426,574
$1,267,034 |
$9,782,726 |
| 29 |
$18,350,244 |
$6,749,921
$1,330,393 |
$10,269,930 |
| 30 |
$19,267,694 |
$7,089,377
$1,396,908 |
$10,781,409 |
|
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