Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 10, 2026 is estimated to be $533 Million, with a cash option of 244.2 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 Mar 10, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 10, 2026	$533,000,000	$244,200,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$244,200,000
Federal Tax(24%)	$58,608,000
Additional Federal Tax	$31,706,330
State Tax(7.25%)	$17,704,500
Net Lumpsum Payment	$136,181,170

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$8,022,183	-$2,928,538 -$581,608	$4,512,037
2	$8,423,532	-$3,077,037 -$610,706	$4,735,789
3	$8,844,602	-$3,232,833 -$641,234	$4,970,535
4	$9,286,992	-$3,396,517 -$673,307	$5,217,168
5	$9,751,235	-$3,568,287 -$706,965	$5,475,983
6	$10,238,930	-$3,748,734 -$742,322	$5,747,874
7	$10,750,610	-$3,938,056 -$779,419	$6,033,135
8	$11,288,407	-$4,137,041 -$818,410	$6,332,956
9	$11,852,854	-$4,345,886 -$859,332	$6,647,636
10	$12,445,550	-$4,565,184 -$902,302	$6,978,064
11	$13,067,561	-$4,795,328 -$947,398	$7,324,835
12	$13,721,019	-$5,037,107 -$994,774	$7,689,138
13	$14,406,990	-$5,290,917 -$1,044,507	$8,071,566
14	$15,127,606	-$5,557,545 -$1,096,751	$8,473,310
15	$15,883,933	-$5,837,386 -$1,151,585	$8,894,962
16	$16,678,103	-$6,131,228 -$1,209,162	$9,337,713
17	$17,511,715	-$6,439,665 -$1,269,599	$9,802,451
18	$18,387,434	-$6,763,681 -$1,333,089	$10,290,664
19	$19,306,859	-$7,103,868 -$1,399,747	$10,803,244
20	$20,272,122	-$7,461,016 -$1,469,729	$11,341,377
21	$21,285,888	-$7,836,109 -$1,543,227	$11,906,552
22	$22,350,289	-$8,229,937 -$1,620,396	$12,499,956
23	$23,467,457	-$8,643,289 -$1,701,391	$13,122,777
24	$24,641,123	-$9,077,546 -$1,786,481	$13,777,096
25	$25,872,886	-$9,533,298 -$1,875,784	$14,463,804
26	$27,167,010	-$10,012,124 -$1,969,608	$15,185,278
27	$28,525,094	-$10,514,615 -$2,068,069	$15,942,410
28	$29,951,402	-$11,042,349 -$2,171,477	$16,737,576
29	$31,449,132	-$11,596,509 -$2,280,062	$17,572,561
30	$33,021,482	-$12,178,279 -$2,394,057	$18,449,146