Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Aug 25, 2026 is estimated to be $130 Million, with a cash option of 55.5 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 Aug 25, 2026

Draw Date	Jackpot	Cash Option
Tue Aug 25, 2026	$130,000,000	$55,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$55,500,000
Federal Tax(24%)	$13,320,000
Additional Federal Tax	$7,175,330
State Tax(7.25%)	$4,023,750
Net Lumpsum Payment	$30,980,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,956,630	-$684,283 -$141,856	$1,130,491
2	$2,054,520	-$720,503 -$148,953	$1,185,064
3	$2,157,220	-$758,502 -$156,398	$1,242,320
4	$2,265,120	-$798,425 -$164,221	$1,302,474
5	$2,378,350	-$840,320 -$172,430	$1,365,600
6	$2,497,300	-$884,331 -$181,054	$1,431,915
7	$2,622,100	-$930,507 -$190,102	$1,501,491
8	$2,753,270	-$979,040 -$199,612	$1,574,618
9	$2,890,940	-$1,029,978 -$209,593	$1,651,369
10	$3,035,500	-$1,083,465 -$220,074	$1,731,961
11	$3,187,210	-$1,139,598 -$231,073	$1,816,539
12	$3,346,590	-$1,198,569 -$242,628	$1,905,393
13	$3,513,900	-$1,260,473 -$254,758	$1,998,669
14	$3,689,660	-$1,325,505 -$267,500	$2,096,655
15	$3,874,130	-$1,393,758 -$280,874	$2,199,498
16	$4,067,830	-$1,465,427 -$294,918	$2,307,485
17	$4,271,150	-$1,540,656 -$309,658	$2,420,836
18	$4,484,740	-$1,619,684 -$325,144	$2,539,912
19	$4,708,990	-$1,702,657 -$341,402	$2,664,931
20	$4,944,420	-$1,789,766 -$358,470	$2,796,184
21	$5,191,680	-$1,881,252 -$376,397	$2,934,031
22	$5,451,290	-$1,977,308 -$395,219	$3,078,763
23	$5,723,770	-$2,078,125 -$414,973	$3,230,672
24	$6,010,030	-$2,184,041 -$435,727	$3,390,262
25	$6,310,460	-$2,295,201 -$457,508	$3,557,751
26	$6,626,100	-$2,411,987 -$480,392	$3,733,721
27	$6,957,340	-$2,534,546 -$504,407	$3,918,387
28	$7,305,220	-$2,663,262 -$529,628	$4,112,330
29	$7,670,520	-$2,798,423 -$556,113	$4,315,984
30	$8,054,020	-$2,940,318 -$583,916	$4,529,786