Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jun 19, 2026 is estimated to be $452 Million, with a cash option of 201 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 Fri Jun 19, 2026

Draw Date	Jackpot	Cash Option
Fri Jun 19, 2026	$452,000,000	$201,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$201,000,000
Federal Tax(24%)	$48,240,000
Additional Federal Tax	$26,090,330
State Tax(5%)	$10,050,000
Net Lumpsum Payment	$116,619,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,803,052	-$2,477,460 -$340,153	$3,985,439
2	$7,143,408	-$2,603,391 -$357,170	$4,182,847
3	$7,500,488	-$2,735,511 -$375,024	$4,389,953
4	$7,875,648	-$2,874,320 -$393,782	$4,607,546
5	$8,269,340	-$3,019,986 -$413,467	$4,835,887
6	$8,682,920	-$3,173,011 -$434,146	$5,075,763
7	$9,116,840	-$3,333,561 -$455,842	$5,327,437
8	$9,572,908	-$3,502,306 -$478,645	$5,591,957
9	$10,051,576	-$3,679,414 -$502,579	$5,869,583
10	$10,554,200	-$3,865,384 -$527,710	$6,161,106
11	$11,081,684	-$4,060,553 -$554,084	$6,467,047
12	$11,635,836	-$4,265,590 -$581,792	$6,788,454
13	$12,217,560	-$4,480,828 -$610,878	$7,125,854
14	$12,828,664	-$4,706,936 -$641,433	$7,480,295
15	$13,470,052	-$4,944,250 -$673,503	$7,852,299
16	$14,143,532	-$5,193,437 -$707,177	$8,242,918
17	$14,850,460	-$5,455,001 -$742,523	$8,652,936
18	$15,593,096	-$5,729,776 -$779,655	$9,083,665
19	$16,372,796	-$6,018,265 -$818,640	$9,535,891
20	$17,191,368	-$6,321,137 -$859,568	$10,010,663
21	$18,051,072	-$6,639,227 -$902,554	$10,509,291
22	$18,953,716	-$6,973,205 -$947,686	$11,032,825
23	$19,901,108	-$7,323,740 -$995,055	$11,582,313
24	$20,896,412	-$7,692,003 -$1,044,821	$12,159,588
25	$21,940,984	-$8,078,494 -$1,097,049	$12,765,441
26	$23,038,440	-$8,484,553 -$1,151,922	$13,401,965
27	$24,190,136	-$8,910,681 -$1,209,507	$14,069,948
28	$25,399,688	-$9,358,215 -$1,269,984	$14,771,489
29	$26,669,808	-$9,828,159 -$1,333,490	$15,508,159
30	$28,003,208	-$10,321,517 -$1,400,160	$16,281,531