The jackpot for the MEGA Millions draw on Tue May 19, 2026, is projected to be $277 Million, with an option for a cash payout of $120.4 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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine MEGA Millions Jackpot/Cash Option for Tue May 19, 2026 |
|---|
| Draw Date | Tue May 19, 2026 | | Projected Jackpot | $277,000,000 | | Cash Value | $120,400,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,400,000 | | Federal Tax(24%) | $28,896,000 | | Additional Federal Tax | $15,612,330 | | State Tax(5%) | $6,020,000 | | Net Lumpsum Payment | $69,871,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,169,127 |
$1,502,907
$208,456 |
$2,457,764 |
| 2 |
$4,377,708 |
$1,580,082
$218,885 |
$2,578,741 |
| 3 |
$4,596,538 |
$1,661,049
$229,827 |
$2,705,662 |
| 4 |
$4,826,448 |
$1,746,116
$241,322 |
$2,839,010 |
| 5 |
$5,067,715 |
$1,835,385
$253,386 |
$2,978,944 |
| 6 |
$5,321,170 |
$1,929,163
$266,059 |
$3,125,948 |
| 7 |
$5,587,090 |
$2,027,554
$279,355 |
$3,280,181 |
| 8 |
$5,866,583 |
$2,130,966
$293,329 |
$3,442,288 |
| 9 |
$6,159,926 |
$2,239,503
$307,996 |
$3,612,427 |
| 10 |
$6,467,950 |
$2,353,472
$323,398 |
$3,791,080 |
| 11 |
$6,791,209 |
$2,473,078
$339,560 |
$3,978,571 |
| 12 |
$7,130,811 |
$2,598,730
$356,541 |
$4,175,540 |
| 13 |
$7,487,310 |
$2,730,635
$374,366 |
$4,382,309 |
| 14 |
$7,861,814 |
$2,869,202
$393,091 |
$4,599,521 |
| 15 |
$8,254,877 |
$3,014,635
$412,744 |
$4,827,498 |
| 16 |
$8,667,607 |
$3,167,345
$433,380 |
$5,066,882 |
| 17 |
$9,100,835 |
$3,327,639
$455,042 |
$5,318,154 |
| 18 |
$9,555,946 |
$3,496,030
$477,797 |
$5,582,119 |
| 19 |
$10,033,771 |
$3,672,826
$501,689 |
$5,859,256 |
| 20 |
$10,535,418 |
$3,858,435
$526,771 |
$6,150,212 |
| 21 |
$11,062,272 |
$4,053,371
$553,114 |
$6,455,787 |
| 22 |
$11,615,441 |
$4,258,044
$580,772 |
$6,776,625 |
| 23 |
$12,196,033 |
$4,472,863
$609,802 |
$7,113,368 |
| 24 |
$12,805,987 |
$4,698,546
$640,299 |
$7,467,142 |
| 25 |
$13,446,134 |
$4,935,400
$672,307 |
$7,838,427 |
| 26 |
$14,118,690 |
$5,184,246
$705,935 |
$8,228,509 |
| 27 |
$14,824,486 |
$5,445,390
$741,224 |
$8,637,872 |
| 28 |
$15,565,738 |
$5,719,653
$778,287 |
$9,067,798 |
| 29 |
$16,344,108 |
$6,007,650
$817,205 |
$9,519,253 |
| 30 |
$17,161,258 |
$6,309,996
$858,063 |
$9,993,199 |
|
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