Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 13, 2026 is estimated to be $555 Million, with a cash option of 235.2 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 Fri Nov 13, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 13, 2026	$555,000,000	$235,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$235,200,000
Federal Tax(24%)	$56,448,000
Additional Federal Tax	$30,536,330
State Tax(7.25%)	$17,052,000
Net Lumpsum Payment	$131,163,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,353,305	-$3,051,053 -$605,615	$4,696,637
2	$8,771,220	-$3,205,682 -$635,913	$4,929,625
3	$9,209,670	-$3,367,908 -$667,701	$5,174,061
4	$9,670,320	-$3,538,349 -$701,098	$5,430,873
5	$10,153,725	-$3,717,209 -$736,145	$5,700,371
6	$10,661,550	-$3,905,104 -$772,962	$5,983,484
7	$11,194,350	-$4,102,240 -$811,590	$6,280,520
8	$11,754,345	-$4,309,438 -$852,190	$6,592,717
9	$12,342,090	-$4,526,904 -$894,802	$6,920,384
10	$12,959,250	-$4,755,253 -$939,546	$7,264,451
11	$13,606,935	-$4,994,896 -$986,503	$7,625,536
12	$14,287,365	-$5,246,655 -$1,035,834	$8,004,876
13	$15,001,650	-$5,510,941 -$1,087,620	$8,403,089
14	$15,752,010	-$5,788,574 -$1,142,021	$8,821,415
15	$16,539,555	-$6,079,966 -$1,199,118	$9,260,471
16	$17,366,505	-$6,385,937 -$1,259,072	$9,721,496
17	$18,234,525	-$6,707,105 -$1,322,003	$10,205,417
18	$19,146,390	-$7,044,495 -$1,388,113	$10,713,782
19	$20,103,765	-$7,398,723 -$1,457,523	$11,247,519
20	$21,108,870	-$7,770,612 -$1,530,393	$11,807,865
21	$22,164,480	-$8,161,188 -$1,606,925	$12,396,367
22	$23,272,815	-$8,571,272 -$1,687,279	$13,014,264
23	$24,436,095	-$9,001,686 -$1,771,617	$13,662,792
24	$25,658,205	-$9,453,866 -$1,860,220	$14,344,119
25	$26,940,810	-$9,928,430 -$1,953,209	$15,059,171
26	$28,288,350	-$10,427,020 -$2,050,905	$15,810,425
27	$29,702,490	-$10,950,252 -$2,153,431	$16,598,807
28	$31,187,670	-$11,499,768 -$2,261,106	$17,426,796
29	$32,747,220	-$12,076,802 -$2,374,173	$18,296,245
30	$34,384,470	-$12,682,584 -$2,492,874	$19,209,012