The jackpot for the MEGA Millions draw on Fri Jun 5, 2026, is projected to be $368 Million, with an option for a cash payout of $163.6 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Fri Jun 5, 2026 |
|---|
| Draw Date | Fri Jun 5, 2026 | | Projected Jackpot | $368,000,000 | | Cash Value | $163,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $163,600,000 | | Federal Tax(24%) | $39,264,000 | | Additional Federal Tax | $21,228,330 | | State Tax(4%) | $6,544,000 | | Net Lumpsum Payment | $96,563,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$221,551 |
$3,307,542 |
| 2 |
$5,815,872 |
$2,112,203
$232,635 |
$3,471,034 |
| 3 |
$6,106,592 |
$2,219,769
$244,264 |
$3,642,559 |
| 4 |
$6,412,032 |
$2,332,782
$256,481 |
$3,822,769 |
| 5 |
$6,732,560 |
$2,451,378
$269,302 |
$4,011,880 |
| 6 |
$7,069,280 |
$2,575,964
$282,771 |
$4,210,545 |
| 7 |
$7,422,560 |
$2,706,678
$296,902 |
$4,418,980 |
| 8 |
$7,793,872 |
$2,844,063
$311,755 |
$4,638,054 |
| 9 |
$8,183,584 |
$2,988,256
$327,343 |
$4,867,985 |
| 10 |
$8,592,800 |
$3,139,666
$343,712 |
$5,109,422 |
| 11 |
$9,022,256 |
$3,298,565
$360,890 |
$5,362,801 |
| 12 |
$9,473,424 |
$3,465,497
$378,937 |
$5,628,990 |
| 13 |
$9,947,040 |
$3,640,735
$397,882 |
$5,908,423 |
| 14 |
$10,444,576 |
$3,824,824
$417,783 |
$6,201,969 |
| 15 |
$10,966,768 |
$4,018,035
$438,671 |
$6,510,062 |
| 16 |
$11,515,088 |
$4,220,913
$460,604 |
$6,833,571 |
| 17 |
$12,090,640 |
$4,433,867
$483,626 |
$7,173,147 |
| 18 |
$12,695,264 |
$4,657,578
$507,811 |
$7,529,875 |
| 19 |
$13,330,064 |
$4,892,454
$533,203 |
$7,904,407 |
| 20 |
$13,996,512 |
$5,139,040
$559,860 |
$8,297,612 |
| 21 |
$14,696,448 |
$5,398,016
$587,858 |
$8,710,574 |
| 22 |
$15,431,344 |
$5,669,928
$617,254 |
$9,144,162 |
| 23 |
$16,202,672 |
$5,955,319
$648,107 |
$9,599,246 |
| 24 |
$17,013,008 |
$6,255,143
$680,520 |
$10,077,345 |
| 25 |
$17,863,456 |
$6,569,809
$714,538 |
$10,579,109 |
| 26 |
$18,756,960 |
$6,900,406
$750,278 |
$11,106,276 |
| 27 |
$19,694,624 |
$7,247,341
$787,785 |
$11,659,498 |
| 28 |
$20,679,392 |
$7,611,705
$827,176 |
$12,240,511 |
| 29 |
$21,713,472 |
$7,994,315
$868,539 |
$12,850,618 |
| 30 |
$22,799,072 |
$8,395,987
$911,963 |
$13,491,122 |
|
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