The jackpot for the MEGA Millions draw on Tue Sep 29, 2026, is projected to be $300 Million, with an option for a cash payout of $124.1 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 29, 2026 |
|---|
| Draw Date | Tue Sep 29, 2026 | | Projected Jackpot | $300,000,000 | | Cash Value | $124,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $124,100,000 | | Federal Tax(24%) | $29,784,000 | | Additional Federal Tax | $16,093,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $78,222,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,515,300 |
$1,630,991
$0 |
$2,884,309 |
| 2 |
$4,741,200 |
$1,714,574
$0 |
$3,026,626 |
| 3 |
$4,978,200 |
$1,802,264
$0 |
$3,175,936 |
| 4 |
$5,227,200 |
$1,894,394
$0 |
$3,332,806 |
| 5 |
$5,488,500 |
$1,991,075
$0 |
$3,497,425 |
| 6 |
$5,763,000 |
$2,092,640
$0 |
$3,670,360 |
| 7 |
$6,051,000 |
$2,199,200
$0 |
$3,851,800 |
| 8 |
$6,353,700 |
$2,311,199
$0 |
$4,042,501 |
| 9 |
$6,671,400 |
$2,428,748
$0 |
$4,242,652 |
| 10 |
$7,005,000 |
$2,552,180
$0 |
$4,452,820 |
| 11 |
$7,355,100 |
$2,681,717
$0 |
$4,673,383 |
| 12 |
$7,722,900 |
$2,817,803
$0 |
$4,905,097 |
| 13 |
$8,109,000 |
$2,960,660
$0 |
$5,148,340 |
| 14 |
$8,514,600 |
$3,110,732
$0 |
$5,403,868 |
| 15 |
$8,940,300 |
$3,268,241
$0 |
$5,672,059 |
| 16 |
$9,387,300 |
$3,433,631
$0 |
$5,953,669 |
| 17 |
$9,856,500 |
$3,607,235
$0 |
$6,249,265 |
| 18 |
$10,349,400 |
$3,789,608
$0 |
$6,559,792 |
| 19 |
$10,866,900 |
$3,981,083
$0 |
$6,885,817 |
| 20 |
$11,410,200 |
$4,182,104
$0 |
$7,228,096 |
| 21 |
$11,980,800 |
$4,393,226
$0 |
$7,587,574 |
| 22 |
$12,579,900 |
$4,614,893
$0 |
$7,965,007 |
| 23 |
$13,208,700 |
$4,847,549
$0 |
$8,361,151 |
| 24 |
$13,869,300 |
$5,091,971
$0 |
$8,777,329 |
| 25 |
$14,562,600 |
$5,348,492
$0 |
$9,214,108 |
| 26 |
$15,291,000 |
$5,618,000
$0 |
$9,673,000 |
| 27 |
$16,055,400 |
$5,900,828
$0 |
$10,154,572 |
| 28 |
$16,858,200 |
$6,197,864
$0 |
$10,660,336 |
| 29 |
$17,701,200 |
$6,509,774
$0 |
$11,191,426 |
| 30 |
$18,586,200 |
$6,837,224
$0 |
$11,748,976 |
|
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