Florida Lottery

FLLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 19, 2026 is estimated to be $452 Million, with a cash option of 201 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of Florida, you won't owe any state tax on your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Florida MEGA Millions Jackpot/Cash Option for Fri Jun 19, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 19, 2026	$452,000,000	$201,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$201,000,000
Federal Tax(24%)	$48,240,000
Additional Federal Tax	$26,090,330
State Tax(0%)	$0
Net Lumpsum Payment	$126,669,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,803,052	-$2,477,460 -$0	$4,325,592
2	$7,143,408	-$2,603,391 -$0	$4,540,017
3	$7,500,488	-$2,735,511 -$0	$4,764,977
4	$7,875,648	-$2,874,320 -$0	$5,001,328
5	$8,269,340	-$3,019,986 -$0	$5,249,354
6	$8,682,920	-$3,173,011 -$0	$5,509,909
7	$9,116,840	-$3,333,561 -$0	$5,783,279
8	$9,572,908	-$3,502,306 -$0	$6,070,602
9	$10,051,576	-$3,679,414 -$0	$6,372,162
10	$10,554,200	-$3,865,384 -$0	$6,688,816
11	$11,081,684	-$4,060,553 -$0	$7,021,131
12	$11,635,836	-$4,265,590 -$0	$7,370,246
13	$12,217,560	-$4,480,828 -$0	$7,736,732
14	$12,828,664	-$4,706,936 -$0	$8,121,728
15	$13,470,052	-$4,944,250 -$0	$8,525,802
16	$14,143,532	-$5,193,437 -$0	$8,950,095
17	$14,850,460	-$5,455,001 -$0	$9,395,459
18	$15,593,096	-$5,729,776 -$0	$9,863,320
19	$16,372,796	-$6,018,265 -$0	$10,354,531
20	$17,191,368	-$6,321,137 -$0	$10,870,231
21	$18,051,072	-$6,639,227 -$0	$11,411,845
22	$18,953,716	-$6,973,205 -$0	$11,980,511
23	$19,901,108	-$7,323,740 -$0	$12,577,368
24	$20,896,412	-$7,692,003 -$0	$13,204,409
25	$21,940,984	-$8,078,494 -$0	$13,862,490
26	$23,038,440	-$8,484,553 -$0	$14,553,887
27	$24,190,136	-$8,910,681 -$0	$15,279,455
28	$25,399,688	-$9,358,215 -$0	$16,041,473
29	$26,669,808	-$9,828,159 -$0	$16,841,649
30	$28,003,208	-$10,321,517 -$0	$17,681,691