Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(7.25%)	$11,150,500
Net Lumpsum Payment	$85,783,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$377,554	$2,942,933
2	$5,468,184	-$1,983,558 -$396,443	$3,088,183
3	$5,741,524	-$2,084,694 -$416,260	$3,240,570
4	$6,028,704	-$2,190,951 -$437,081	$3,400,672
5	$6,330,070	-$2,302,456 -$458,930	$3,568,684
6	$6,646,660	-$2,419,595 -$481,883	$3,745,182
7	$6,978,820	-$2,542,494 -$505,964	$3,930,362
8	$7,327,934	-$2,671,666 -$531,275	$4,124,993
9	$7,694,348	-$2,807,239 -$557,840	$4,329,269
10	$8,079,100	-$2,949,597 -$585,735	$4,543,768
11	$8,482,882	-$3,098,997 -$615,009	$4,768,876
12	$8,907,078	-$3,255,949 -$645,763	$5,005,366
13	$9,352,380	-$3,420,711 -$678,048	$5,253,621
14	$9,820,172	-$3,593,794 -$711,962	$5,514,416
15	$10,311,146	-$3,775,454 -$747,558	$5,788,134
16	$10,826,686	-$3,966,204 -$784,935	$6,075,547
17	$11,367,830	-$4,166,427 -$824,168	$6,377,235
18	$11,936,308	-$4,376,764 -$865,382	$6,694,162
19	$12,533,158	-$4,597,599 -$908,654	$7,026,905
20	$13,159,764	-$4,829,443 -$954,083	$7,376,238
21	$13,817,856	-$5,072,937 -$1,001,795	$7,743,124
22	$14,508,818	-$5,328,593 -$1,051,889	$8,128,336
23	$15,234,034	-$5,596,923 -$1,104,467	$8,532,644
24	$15,995,926	-$5,878,823 -$1,159,705	$8,957,398
25	$16,795,532	-$6,174,677 -$1,217,676	$9,403,179
26	$17,635,620	-$6,485,510 -$1,278,582	$9,871,528
27	$18,517,228	-$6,811,705 -$1,342,499	$10,363,024
28	$19,443,124	-$7,154,286 -$1,409,626	$10,879,212
29	$20,415,384	-$7,514,022 -$1,480,115	$11,421,247
30	$21,436,084	-$7,891,681 -$1,554,116	$11,990,287