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 those living in South Dakota, the bright side is you won't have to pay any state taxes on your lottery prize.
| South Dakota 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(0%) | $0 | | Net Lumpsum Payment | $43,446,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,408,160 |
$851,350
$0 |
$1,556,810 |
| 2 |
$2,528,640 |
$895,927
$0 |
$1,632,713 |
| 3 |
$2,655,040 |
$942,695
$0 |
$1,712,345 |
| 4 |
$2,787,840 |
$991,831
$0 |
$1,796,009 |
| 5 |
$2,927,200 |
$1,043,394
$0 |
$1,883,806 |
| 6 |
$3,073,600 |
$1,097,562
$0 |
$1,976,038 |
| 7 |
$3,227,200 |
$1,154,394
$0 |
$2,072,806 |
| 8 |
$3,388,640 |
$1,214,127
$0 |
$2,174,513 |
| 9 |
$3,558,080 |
$1,276,820
$0 |
$2,281,260 |
| 10 |
$3,736,000 |
$1,342,650
$0 |
$2,393,350 |
| 11 |
$3,922,720 |
$1,411,737
$0 |
$2,510,983 |
| 12 |
$4,118,880 |
$1,484,316
$0 |
$2,634,564 |
| 13 |
$4,324,800 |
$1,560,506
$0 |
$2,764,294 |
| 14 |
$4,541,120 |
$1,640,545
$0 |
$2,900,575 |
| 15 |
$4,768,160 |
$1,724,550
$0 |
$3,043,610 |
| 16 |
$5,006,560 |
$1,812,758
$0 |
$3,193,802 |
| 17 |
$5,256,800 |
$1,905,346
$0 |
$3,351,454 |
| 18 |
$5,519,680 |
$2,002,612
$0 |
$3,517,068 |
| 19 |
$5,795,680 |
$2,104,732
$0 |
$3,690,948 |
| 20 |
$6,085,440 |
$2,211,943
$0 |
$3,873,497 |
| 21 |
$6,389,760 |
$2,324,542
$0 |
$4,065,218 |
| 22 |
$6,709,280 |
$2,442,764
$0 |
$4,266,516 |
| 23 |
$7,044,640 |
$2,566,847
$0 |
$4,477,793 |
| 24 |
$7,396,960 |
$2,697,206
$0 |
$4,699,754 |
| 25 |
$7,766,720 |
$2,834,017
$0 |
$4,932,703 |
| 26 |
$8,155,200 |
$2,977,754
$0 |
$5,177,446 |
| 27 |
$8,562,880 |
$3,128,596
$0 |
$5,434,284 |
| 28 |
$8,991,040 |
$3,287,015
$0 |
$5,704,025 |
| 29 |
$9,440,640 |
$3,453,367
$0 |
$5,987,273 |
| 30 |
$9,912,640 |
$3,628,007
$0 |
$6,284,633 |
|
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