Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Minnesota, your state will take 7.25% 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.

Minnesota MEGA Millions Jackpot/Cash Option for Tue Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(7.25%)	$4,553,000
Net Lumpsum Payment	$35,050,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$152,768	$1,214,400
2	$2,212,560	-$778,978 -$160,411	$1,273,171
3	$2,323,160	-$819,900 -$168,429	$1,334,831
4	$2,439,360	-$862,894 -$176,854	$1,399,612
5	$2,561,300	-$908,011 -$185,694	$1,467,595
6	$2,689,400	-$955,408 -$194,982	$1,539,010
7	$2,823,800	-$1,005,136 -$204,726	$1,613,938
8	$2,965,060	-$1,057,403 -$214,967	$1,692,690
9	$3,113,320	-$1,112,259 -$225,716	$1,775,345
10	$3,269,000	-$1,169,860 -$237,003	$1,862,137
11	$3,432,380	-$1,230,311 -$248,848	$1,953,221
12	$3,604,020	-$1,293,818 -$261,291	$2,048,911
13	$3,784,200	-$1,360,484 -$274,355	$2,149,361
14	$3,973,480	-$1,430,518 -$288,077	$2,254,885
15	$4,172,140	-$1,504,022 -$302,480	$2,365,638
16	$4,380,740	-$1,581,204 -$317,604	$2,481,932
17	$4,599,700	-$1,662,219 -$333,478	$2,604,003
18	$4,829,720	-$1,747,327 -$350,155	$2,732,238
19	$5,071,220	-$1,836,682 -$367,663	$2,866,875
20	$5,324,760	-$1,930,492 -$386,045	$3,008,223
21	$5,591,040	-$2,029,015 -$405,350	$3,156,675
22	$5,870,620	-$2,132,460 -$425,620	$3,312,540
23	$6,164,060	-$2,241,033 -$446,894	$3,476,133
24	$6,472,340	-$2,355,096 -$469,245	$3,647,999
25	$6,795,880	-$2,474,806 -$492,701	$3,828,373
26	$7,135,800	-$2,600,576 -$517,346	$4,017,878
27	$7,492,520	-$2,732,563 -$543,208	$4,216,749
28	$7,867,160	-$2,871,180 -$570,369	$4,425,611
29	$8,260,560	-$3,016,738 -$598,891	$4,644,931
30	$8,673,560	-$3,169,548 -$628,833	$4,875,179