The jackpot for the MEGA Millions draw on Fri Oct 30, 2026, is projected to be $463 Million, with an option for a cash payout of $194.9 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 Fri Oct 30, 2026 |
|---|
| Draw Date | Fri Oct 30, 2026 | | Projected Jackpot | $463,000,000 | | Cash Value | $194,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $194,900,000 | | Federal Tax(24%) | $46,776,000 | | Additional Federal Tax | $25,297,330 | | State Tax(7.25%) | $14,130,250 | | Net Lumpsum Payment | $108,696,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,968,613 |
$2,538,717
$505,224 |
$3,924,672 |
| 2 |
$7,317,252 |
$2,667,714
$530,501 |
$4,119,037 |
| 3 |
$7,683,022 |
$2,803,049
$557,019 |
$4,322,954 |
| 4 |
$8,067,312 |
$2,945,236
$584,880 |
$4,537,196 |
| 5 |
$8,470,585 |
$3,094,447
$614,117 |
$4,762,021 |
| 6 |
$8,894,230 |
$3,251,195
$644,832 |
$4,998,203 |
| 7 |
$9,338,710 |
$3,415,653
$677,056 |
$5,246,001 |
| 8 |
$9,805,877 |
$3,588,505
$710,926 |
$5,506,446 |
| 9 |
$10,296,194 |
$3,769,922
$746,474 |
$5,779,798 |
| 10 |
$10,811,050 |
$3,960,419
$783,801 |
$6,066,830 |
| 11 |
$11,351,371 |
$4,160,338
$822,974 |
$6,368,059 |
| 12 |
$11,919,009 |
$4,370,364
$864,128 |
$6,684,517 |
| 13 |
$12,514,890 |
$4,590,840
$907,330 |
$7,016,720 |
| 14 |
$13,140,866 |
$4,822,451
$952,713 |
$7,365,702 |
| 15 |
$13,797,863 |
$5,065,540
$1,000,345 |
$7,731,978 |
| 16 |
$14,487,733 |
$5,320,792
$1,050,361 |
$8,116,580 |
| 17 |
$15,211,865 |
$5,588,720
$1,102,860 |
$8,520,285 |
| 18 |
$15,972,574 |
$5,870,183
$1,158,012 |
$8,944,379 |
| 19 |
$16,771,249 |
$6,165,693
$1,215,916 |
$9,389,640 |
| 20 |
$17,609,742 |
$6,475,935
$1,276,706 |
$9,857,101 |
| 21 |
$18,490,368 |
$6,801,767
$1,340,552 |
$10,348,049 |
| 22 |
$19,414,979 |
$7,143,873
$1,407,586 |
$10,863,520 |
| 23 |
$20,385,427 |
$7,502,938
$1,477,943 |
$11,404,546 |
| 24 |
$21,404,953 |
$7,880,163
$1,551,859 |
$11,972,931 |
| 25 |
$22,474,946 |
$8,276,060
$1,629,434 |
$12,569,452 |
| 26 |
$23,599,110 |
$8,692,001
$1,710,935 |
$13,196,174 |
| 27 |
$24,778,834 |
$9,128,499
$1,796,465 |
$13,853,870 |
| 28 |
$26,017,822 |
$9,586,925
$1,886,292 |
$14,544,605 |
| 29 |
$27,318,852 |
$10,068,306
$1,980,617 |
$15,269,929 |
| 30 |
$28,684,702 |
$10,573,670
$2,079,641 |
$16,031,391 |
|
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