Maine Lottery

MELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Oct 9, 2026 is estimated to be $364 Million, with a cash option of 147.3 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 Oct 9, 2026

Draw Date	Jackpot	Cash Option
Fri Oct 9, 2026	$364,000,000	$147,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$147,300,000
Federal Tax(24%)	$35,352,000
Additional Federal Tax	$19,109,330
State Tax(5%)	$7,365,000
Net Lumpsum Payment	$85,473,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,478,564	-$1,987,399 -$273,928	$3,217,237
2	$5,752,656	-$2,088,813 -$287,633	$3,376,210
3	$6,040,216	-$2,195,210 -$302,011	$3,542,995
4	$6,342,336	-$2,306,995 -$317,117	$3,718,224
5	$6,659,380	-$2,424,301 -$332,969	$3,902,110
6	$6,992,440	-$2,547,533 -$349,622	$4,095,285
7	$7,341,880	-$2,676,826 -$367,094	$4,297,960
8	$7,709,156	-$2,812,718 -$385,458	$4,510,980
9	$8,094,632	-$2,955,344 -$404,732	$4,734,556
10	$8,499,400	-$3,105,108 -$424,970	$4,969,322
11	$8,924,188	-$3,262,280 -$446,209	$5,215,699
12	$9,370,452	-$3,427,398 -$468,523	$5,474,531
13	$9,838,920	-$3,600,731 -$491,946	$5,746,243
14	$10,331,048	-$3,782,818 -$516,552	$6,031,678
15	$10,847,564	-$3,973,929 -$542,378	$6,331,257
16	$11,389,924	-$4,174,602 -$569,496	$6,645,826
17	$11,959,220	-$4,385,242 -$597,961	$6,976,017
18	$12,557,272	-$4,606,521 -$627,864	$7,322,887
19	$13,185,172	-$4,838,844 -$659,259	$7,687,069
20	$13,844,376	-$5,082,750 -$692,219	$8,069,407
21	$14,536,704	-$5,338,911 -$726,835	$8,470,958
22	$15,263,612	-$5,607,867 -$763,181	$8,892,564
23	$16,026,556	-$5,890,156 -$801,328	$9,335,072
24	$16,828,084	-$6,186,721 -$841,404	$9,799,959
25	$17,669,288	-$6,497,967 -$883,464	$10,287,857
26	$18,553,080	-$6,824,970 -$927,654	$10,800,456
27	$19,480,552	-$7,168,135 -$974,028	$11,338,389
28	$20,454,616	-$7,528,538 -$1,022,731	$11,903,347
29	$21,477,456	-$7,906,989 -$1,073,873	$12,496,594
30	$22,551,256	-$8,304,295 -$1,127,563	$13,119,398