Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 19, 2026 is estimated to be $452 Million, with a cash option of 201 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 Jun 19, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 19, 2026	$452,000,000	$201,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$201,000,000
Federal Tax(24%)	$48,240,000
Additional Federal Tax	$26,090,330
State Tax(7.25%)	$14,572,500
Net Lumpsum Payment	$112,097,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,803,052	-$2,477,460 -$493,221	$3,832,371
2	$7,143,408	-$2,603,391 -$517,897	$4,022,120
3	$7,500,488	-$2,735,511 -$543,785	$4,221,192
4	$7,875,648	-$2,874,320 -$570,984	$4,430,344
5	$8,269,340	-$3,019,986 -$599,527	$4,649,827
6	$8,682,920	-$3,173,011 -$629,512	$4,880,397
7	$9,116,840	-$3,333,561 -$660,971	$5,122,308
8	$9,572,908	-$3,502,306 -$694,036	$5,376,566
9	$10,051,576	-$3,679,414 -$728,739	$5,643,423
10	$10,554,200	-$3,865,384 -$765,180	$5,923,636
11	$11,081,684	-$4,060,553 -$803,422	$6,217,709
12	$11,635,836	-$4,265,590 -$843,598	$6,526,648
13	$12,217,560	-$4,480,828 -$885,773	$6,850,959
14	$12,828,664	-$4,706,936 -$930,078	$7,191,650
15	$13,470,052	-$4,944,250 -$976,579	$7,549,223
16	$14,143,532	-$5,193,437 -$1,025,406	$7,924,689
17	$14,850,460	-$5,455,001 -$1,076,658	$8,318,801
18	$15,593,096	-$5,729,776 -$1,130,499	$8,732,821
19	$16,372,796	-$6,018,265 -$1,187,028	$9,167,503
20	$17,191,368	-$6,321,137 -$1,246,374	$9,623,857
21	$18,051,072	-$6,639,227 -$1,308,703	$10,103,142
22	$18,953,716	-$6,973,205 -$1,374,144	$10,606,367
23	$19,901,108	-$7,323,740 -$1,442,830	$11,134,538
24	$20,896,412	-$7,692,003 -$1,514,990	$11,689,419
25	$21,940,984	-$8,078,494 -$1,590,721	$12,271,769
26	$23,038,440	-$8,484,553 -$1,670,287	$12,883,600
27	$24,190,136	-$8,910,681 -$1,753,785	$13,525,670
28	$25,399,688	-$9,358,215 -$1,841,477	$14,199,996
29	$26,669,808	-$9,828,159 -$1,933,561	$14,908,088
30	$28,003,208	-$10,321,517 -$2,030,233	$15,651,458