Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(7.25%)	$5,937,750
Net Lumpsum Payment	$45,698,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$196,416	$1,550,037
2	$2,844,720	-$1,012,877 -$206,242	$1,625,601
3	$2,986,920	-$1,065,491 -$216,552	$1,704,877
4	$3,136,320	-$1,120,769 -$227,383	$1,788,168
5	$3,293,100	-$1,178,777 -$238,750	$1,875,573
6	$3,457,800	-$1,239,716 -$250,691	$1,967,393
7	$3,630,600	-$1,303,652 -$263,219	$2,063,729
8	$3,812,220	-$1,370,852 -$276,386	$2,164,982
9	$4,002,840	-$1,441,381 -$290,206	$2,271,253
10	$4,203,000	-$1,515,440 -$304,718	$2,382,842
11	$4,413,060	-$1,593,163 -$319,947	$2,499,950
12	$4,633,740	-$1,674,814 -$335,946	$2,622,980
13	$4,865,400	-$1,760,528 -$352,742	$2,752,130
14	$5,108,760	-$1,850,572 -$370,385	$2,887,803
15	$5,364,180	-$1,945,077 -$388,903	$3,030,200
16	$5,632,380	-$2,044,311 -$408,348	$3,179,721
17	$5,913,900	-$2,148,473 -$428,758	$3,336,669
18	$6,209,640	-$2,257,897 -$450,199	$3,501,544
19	$6,520,140	-$2,372,782 -$472,710	$3,674,648
20	$6,846,120	-$2,493,395 -$496,344	$3,856,381
21	$7,188,480	-$2,620,068 -$521,165	$4,047,247
22	$7,547,940	-$2,753,068 -$547,226	$4,247,646
23	$7,925,220	-$2,892,662 -$574,578	$4,457,980
24	$8,321,580	-$3,039,315 -$603,315	$4,678,950
25	$8,737,560	-$3,193,228 -$633,473	$4,910,859
26	$9,174,600	-$3,354,932 -$665,159	$5,154,509
27	$9,633,240	-$3,524,629 -$698,410	$5,410,201
28	$10,114,920	-$3,702,851 -$733,332	$5,678,737
29	$10,620,720	-$3,889,997 -$770,002	$5,960,721
30	$11,151,720	-$4,086,467 -$808,500	$6,256,753