Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 27, 2026 is estimated to be $285 Million, with a cash option of 128.6 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 Jan 27, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 27, 2026	$285,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$128,600,000
Federal Tax(24%)	$30,864,000
Additional Federal Tax	$16,678,330
State Tax(7.25%)	$9,323,500
Net Lumpsum Payment	$71,734,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,289,535	-$1,547,458 -$310,991	$2,431,086
2	$4,504,140	-$1,626,862 -$326,550	$2,550,728
3	$4,729,290	-$1,710,168 -$342,874	$2,676,248
4	$4,965,840	-$1,797,691 -$360,023	$2,808,126
5	$5,214,075	-$1,889,538 -$378,020	$2,946,517
6	$5,474,850	-$1,986,025 -$396,927	$3,091,898
7	$5,748,450	-$2,087,257 -$416,763	$3,244,430
8	$6,036,015	-$2,193,656 -$437,611	$3,404,748
9	$6,337,830	-$2,305,327 -$459,493	$3,573,010
10	$6,654,750	-$2,422,588 -$482,469	$3,749,693
11	$6,987,345	-$2,545,648 -$506,583	$3,935,114
12	$7,336,755	-$2,674,930 -$531,915	$4,129,910
13	$7,703,550	-$2,810,644 -$558,507	$4,334,399
14	$8,088,870	-$2,953,212 -$586,443	$4,549,215
15	$8,493,285	-$3,102,846 -$615,763	$4,774,676
16	$8,917,935	-$3,259,966 -$646,550	$5,011,419
17	$9,363,675	-$3,424,890 -$678,866	$5,259,919
18	$9,831,930	-$3,598,144 -$712,815	$5,520,971
19	$10,323,555	-$3,780,046 -$748,458	$5,795,051
20	$10,839,690	-$3,971,016 -$785,878	$6,082,796
21	$11,381,760	-$4,171,582 -$825,178	$6,385,000
22	$11,950,905	-$4,382,165 -$866,441	$6,702,299
23	$12,548,265	-$4,603,188 -$909,749	$7,035,328
24	$13,175,835	-$4,835,389 -$955,248	$7,385,198
25	$13,834,470	-$5,079,084 -$1,002,999	$7,752,387
26	$14,526,450	-$5,335,117 -$1,053,168	$8,138,165
27	$15,252,630	-$5,603,803 -$1,105,816	$8,543,011
28	$16,015,290	-$5,885,988 -$1,161,109	$8,968,193
29	$16,816,140	-$6,182,302 -$1,219,170	$9,414,668
30	$17,656,890	-$6,493,380 -$1,280,125	$9,883,385