The jackpot for the MEGA Millions draw on Tue Mar 3, 2026, is projected to be $473 Million, with an option for a cash payout of $221.8 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 Mar 3, 2026 |
|---|
| Draw Date | Tue Mar 3, 2026 | | Projected Jackpot | $473,000,000 | | Cash Value | $221,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $221,800,000 | | Federal Tax(24%) | $53,232,000 | | Additional Federal Tax | $28,794,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $139,773,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,119,123 |
$2,594,406
$0 |
$4,524,717 |
| 2 |
$7,475,292 |
$2,726,188
$0 |
$4,749,104 |
| 3 |
$7,848,962 |
$2,864,446
$0 |
$4,984,516 |
| 4 |
$8,241,552 |
$3,009,705
$0 |
$5,231,847 |
| 5 |
$8,653,535 |
$3,162,138
$0 |
$5,491,397 |
| 6 |
$9,086,330 |
$3,322,272
$0 |
$5,764,058 |
| 7 |
$9,540,410 |
$3,490,282
$0 |
$6,050,128 |
| 8 |
$10,017,667 |
$3,666,867
$0 |
$6,350,800 |
| 9 |
$10,518,574 |
$3,852,203
$0 |
$6,666,371 |
| 10 |
$11,044,550 |
$4,046,814
$0 |
$6,997,736 |
| 11 |
$11,596,541 |
$4,251,051
$0 |
$7,345,490 |
| 12 |
$12,176,439 |
$4,465,613
$0 |
$7,710,826 |
| 13 |
$12,785,190 |
$4,690,851
$0 |
$8,094,339 |
| 14 |
$13,424,686 |
$4,927,464
$0 |
$8,497,222 |
| 15 |
$14,095,873 |
$5,175,803
$0 |
$8,920,070 |
| 16 |
$14,800,643 |
$5,436,568
$0 |
$9,364,075 |
| 17 |
$15,540,415 |
$5,710,284
$0 |
$9,830,131 |
| 18 |
$16,317,554 |
$5,997,825
$0 |
$10,319,729 |
| 19 |
$17,133,479 |
$6,299,718
$0 |
$10,833,761 |
| 20 |
$17,990,082 |
$6,616,661
$0 |
$11,373,421 |
| 21 |
$18,889,728 |
$6,949,530
$0 |
$11,940,198 |
| 22 |
$19,834,309 |
$7,299,025
$0 |
$12,535,284 |
| 23 |
$20,825,717 |
$7,665,846
$0 |
$13,159,871 |
| 24 |
$21,867,263 |
$8,051,218
$0 |
$13,816,045 |
| 25 |
$22,960,366 |
$8,455,666
$0 |
$14,504,700 |
| 26 |
$24,108,810 |
$8,880,590
$0 |
$15,228,220 |
| 27 |
$25,314,014 |
$9,326,516
$0 |
$15,987,498 |
| 28 |
$26,579,762 |
$9,794,842
$0 |
$16,784,920 |
| 29 |
$27,908,892 |
$10,286,620
$0 |
$17,622,272 |
| 30 |
$29,304,242 |
$10,802,900
$0 |
$18,501,342 |
|
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