Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jul 14, 2026 is estimated to be $637 Million, with a cash option of 278 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 Jul 14, 2026

Draw Date	Jackpot	Cash Option
Tue Jul 14, 2026	$637,000,000	$278,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$278,000,000
Federal Tax(24%)	$66,720,000
Additional Federal Tax	$36,100,330
State Tax(7.25%)	$20,155,000
Net Lumpsum Payment	$155,024,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$9,587,487	-$3,507,701 -$695,093	$5,384,693
2	$10,067,148	-$3,685,175 -$729,868	$5,652,105
3	$10,570,378	-$3,871,370 -$766,352	$5,932,656
4	$11,099,088	-$4,066,993 -$804,684	$6,227,411
5	$11,653,915	-$4,272,279 -$844,909	$6,536,727
6	$12,236,770	-$4,487,935 -$887,166	$6,861,669
7	$12,848,290	-$4,714,198 -$931,501	$7,202,591
8	$13,491,023	-$4,952,009 -$978,099	$7,560,915
9	$14,165,606	-$5,201,605 -$1,027,006	$7,936,995
10	$14,873,950	-$5,463,692 -$1,078,361	$8,331,897
11	$15,617,329	-$5,738,742 -$1,132,256	$8,746,331
12	$16,398,291	-$6,027,698 -$1,188,876	$9,181,717
13	$17,218,110	-$6,331,031 -$1,248,313	$9,638,766
14	$18,079,334	-$6,649,684 -$1,310,752	$10,118,898
15	$18,983,237	-$6,984,128 -$1,376,285	$10,622,824
16	$19,932,367	-$7,335,306 -$1,445,097	$11,151,964
17	$20,928,635	-$7,703,925 -$1,517,326	$11,707,384
18	$21,975,226	-$8,091,164 -$1,593,204	$12,290,858
19	$23,074,051	-$8,497,729 -$1,672,869	$12,903,453
20	$24,227,658	-$8,924,564 -$1,756,505	$13,546,589
21	$25,439,232	-$9,372,846 -$1,844,344	$14,222,042
22	$26,711,321	-$9,843,519 -$1,936,571	$14,931,231
23	$28,046,473	-$10,337,525 -$2,033,369	$15,675,579
24	$29,449,147	-$10,856,515 -$2,135,063	$16,457,569
25	$30,921,254	-$11,401,194 -$2,241,791	$17,278,269
26	$32,467,890	-$11,973,450 -$2,353,922	$18,140,518
27	$34,090,966	-$12,573,988 -$2,471,595	$19,045,383
28	$35,795,578	-$13,204,694 -$2,595,179	$19,995,705
29	$37,585,548	-$13,866,983 -$2,724,952	$20,993,613
30	$39,464,698	-$14,562,269 -$2,861,191	$22,041,238