Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 21, 2026 is estimated to be $140 Million, with a cash option of 62.8 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 Mississippi, your state will take 5% 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.

Mississippi MEGA Millions Jackpot/Cash Option for Tue Apr 21, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 21, 2026	$140,000,000	$62,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$62,800,000
Federal Tax(24%)	$15,072,000
Additional Federal Tax	$8,124,330
State Tax(5%)	$3,140,000
Net Lumpsum Payment	$36,463,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,107,140	-$739,972 -$105,357	$1,261,811
2	$2,212,560	-$778,978 -$110,628	$1,322,954
3	$2,323,160	-$819,900 -$116,158	$1,387,102
4	$2,439,360	-$862,894 -$121,968	$1,454,498
5	$2,561,300	-$908,011 -$128,065	$1,525,224
6	$2,689,400	-$955,408 -$134,470	$1,599,522
7	$2,823,800	-$1,005,136 -$141,190	$1,677,474
8	$2,965,060	-$1,057,403 -$148,253	$1,759,404
9	$3,113,320	-$1,112,259 -$155,666	$1,845,395
10	$3,269,000	-$1,169,860 -$163,450	$1,935,690
11	$3,432,380	-$1,230,311 -$171,619	$2,030,450
12	$3,604,020	-$1,293,818 -$180,201	$2,130,001
13	$3,784,200	-$1,360,484 -$189,210	$2,234,506
14	$3,973,480	-$1,430,518 -$198,674	$2,344,288
15	$4,172,140	-$1,504,022 -$208,607	$2,459,511
16	$4,380,740	-$1,581,204 -$219,037	$2,580,499
17	$4,599,700	-$1,662,219 -$229,985	$2,707,496
18	$4,829,720	-$1,747,327 -$241,486	$2,840,907
19	$5,071,220	-$1,836,682 -$253,561	$2,980,977
20	$5,324,760	-$1,930,492 -$266,238	$3,128,030
21	$5,591,040	-$2,029,015 -$279,552	$3,282,473
22	$5,870,620	-$2,132,460 -$293,531	$3,444,629
23	$6,164,060	-$2,241,033 -$308,203	$3,614,824
24	$6,472,340	-$2,355,096 -$323,617	$3,793,627
25	$6,795,880	-$2,474,806 -$339,794	$3,981,280
26	$7,135,800	-$2,600,576 -$356,790	$4,178,434
27	$7,492,520	-$2,732,563 -$374,626	$4,385,331
28	$7,867,160	-$2,871,180 -$393,358	$4,602,622
29	$8,260,560	-$3,016,738 -$413,028	$4,830,794
30	$8,673,560	-$3,169,548 -$433,678	$5,070,334