The jackpot for the MEGA Millions draw on Tue Sep 1, 2026, is projected to be $160 Million, with an option for a cash payout of $68.9 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 Sep 1, 2026 |
|---|
| Draw Date | Tue Sep 1, 2026 | | Projected Jackpot | $160,000,000 | | Cash Value | $68,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $68,900,000 | | Federal Tax(24%) | $16,536,000 | | Additional Federal Tax | $8,917,330 | | State Tax(7.25%) | $4,995,250 | | Net Lumpsum Payment | $38,451,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$174,592 |
$1,382,218 |
| 2 |
$2,528,640 |
$895,927
$183,326 |
$1,449,387 |
| 3 |
$2,655,040 |
$942,695
$192,490 |
$1,519,855 |
| 4 |
$2,787,840 |
$991,831
$202,118 |
$1,593,891 |
| 5 |
$2,927,200 |
$1,043,394
$212,222 |
$1,671,584 |
| 6 |
$3,073,600 |
$1,097,562
$222,836 |
$1,753,202 |
| 7 |
$3,227,200 |
$1,154,394
$233,972 |
$1,838,834 |
| 8 |
$3,388,640 |
$1,214,127
$245,676 |
$1,928,837 |
| 9 |
$3,558,080 |
$1,276,820
$257,961 |
$2,023,299 |
| 10 |
$3,736,000 |
$1,342,650
$270,860 |
$2,122,490 |
| 11 |
$3,922,720 |
$1,411,737
$284,397 |
$2,226,586 |
| 12 |
$4,118,880 |
$1,484,316
$298,619 |
$2,335,945 |
| 13 |
$4,324,800 |
$1,560,506
$313,548 |
$2,450,746 |
| 14 |
$4,541,120 |
$1,640,545
$329,231 |
$2,571,344 |
| 15 |
$4,768,160 |
$1,724,550
$345,692 |
$2,697,918 |
| 16 |
$5,006,560 |
$1,812,758
$362,976 |
$2,830,826 |
| 17 |
$5,256,800 |
$1,905,346
$381,118 |
$2,970,336 |
| 18 |
$5,519,680 |
$2,002,612
$400,177 |
$3,116,891 |
| 19 |
$5,795,680 |
$2,104,732
$420,187 |
$3,270,761 |
| 20 |
$6,085,440 |
$2,211,943
$441,194 |
$3,432,303 |
| 21 |
$6,389,760 |
$2,324,542
$463,258 |
$3,601,960 |
| 22 |
$6,709,280 |
$2,442,764
$486,423 |
$3,780,093 |
| 23 |
$7,044,640 |
$2,566,847
$510,736 |
$3,967,057 |
| 24 |
$7,396,960 |
$2,697,206
$536,280 |
$4,163,474 |
| 25 |
$7,766,720 |
$2,834,017
$563,087 |
$4,369,616 |
| 26 |
$8,155,200 |
$2,977,754
$591,252 |
$4,586,194 |
| 27 |
$8,562,880 |
$3,128,596
$620,809 |
$4,813,475 |
| 28 |
$8,991,040 |
$3,287,015
$651,850 |
$5,052,175 |
| 29 |
$9,440,640 |
$3,453,367
$684,446 |
$5,302,827 |
| 30 |
$9,912,640 |
$3,628,007
$718,666 |
$5,565,967 |
|
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