Maine Lottery

MELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 6, 2026 is estimated to be $505 Million, with a cash option of 213.3 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. Additionally, if you are a resident of Maine, your state will take 5% of 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.

Maine MEGA Millions Jackpot/Cash Option for Fri Nov 6, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 6, 2026	$505,000,000	$213,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$213,300,000
Federal Tax(24%)	$51,192,000
Additional Federal Tax	$27,689,330
State Tax(5%)	$10,665,000
Net Lumpsum Payment	$123,753,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,600,755	-$2,772,610 -$380,038	$4,448,107
2	$7,981,020	-$2,913,308 -$399,051	$4,668,661
3	$8,379,970	-$3,060,919 -$418,999	$4,900,052
4	$8,799,120	-$3,216,005 -$439,956	$5,143,159
5	$9,238,975	-$3,378,751 -$461,949	$5,398,275
6	$9,701,050	-$3,549,719 -$485,053	$5,666,278
7	$10,185,850	-$3,729,095 -$509,293	$5,947,462
8	$10,695,395	-$3,917,627 -$534,770	$6,242,998
9	$11,230,190	-$4,115,501 -$561,510	$6,553,179
10	$11,791,750	-$4,323,278 -$589,588	$6,878,884
11	$12,381,085	-$4,541,332 -$619,054	$7,220,699
12	$13,000,215	-$4,770,410 -$650,011	$7,579,794
13	$13,650,150	-$5,010,886 -$682,508	$7,956,756
14	$14,332,910	-$5,263,507 -$716,646	$8,352,757
15	$15,049,505	-$5,528,647 -$752,475	$8,768,383
16	$15,801,955	-$5,807,054 -$790,098	$9,204,803
17	$16,591,775	-$6,099,287 -$829,589	$9,662,899
18	$17,421,490	-$6,406,282 -$871,075	$10,144,133
19	$18,292,615	-$6,728,598 -$914,631	$10,649,386
20	$19,207,170	-$7,066,983 -$960,359	$11,179,828
21	$20,167,680	-$7,422,372 -$1,008,384	$11,736,924
22	$21,176,165	-$7,795,511 -$1,058,808	$12,321,846
23	$22,234,645	-$8,187,149 -$1,111,732	$12,935,764
24	$23,346,655	-$8,598,593 -$1,167,333	$13,580,729
25	$24,513,710	-$9,030,403 -$1,225,686	$14,257,621
26	$25,739,850	-$9,484,075 -$1,286,993	$14,968,782
27	$27,026,590	-$9,960,169 -$1,351,330	$15,715,091
28	$28,377,970	-$10,460,179 -$1,418,899	$16,498,892
29	$29,797,020	-$10,985,228 -$1,489,851	$17,321,941
30	$31,286,770	-$11,536,435 -$1,564,339	$18,185,996