The jackpot for the MEGA Millions draw on Tue Feb 3, 2026, is projected to be $323 Million, with an option for a cash payout of $145.7 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota MEGA Millions Jackpot/Cash Option for Tue Feb 3, 2026 |
|---|
| Draw Date | Tue Feb 3, 2026 | | Projected Jackpot | $323,000,000 | | Cash Value | $145,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $145,700,000 | | Federal Tax(24%) | $34,968,000 | | Additional Federal Tax | $18,901,330 | | State Tax(7.25%) | $10,563,250 | | Net Lumpsum Payment | $81,267,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,861,473 |
$1,759,075
$352,457 |
$2,749,941 |
| 2 |
$5,104,692 |
$1,849,066
$370,090 |
$2,885,536 |
| 3 |
$5,359,862 |
$1,943,479
$388,590 |
$3,027,793 |
| 4 |
$5,627,952 |
$2,042,673
$408,027 |
$3,177,252 |
| 5 |
$5,909,285 |
$2,146,766
$428,423 |
$3,334,096 |
| 6 |
$6,204,830 |
$2,256,117
$449,850 |
$3,498,863 |
| 7 |
$6,514,910 |
$2,370,847
$472,331 |
$3,671,732 |
| 8 |
$6,840,817 |
$2,491,433
$495,959 |
$3,853,425 |
| 9 |
$7,182,874 |
$2,617,994
$520,758 |
$4,044,122 |
| 10 |
$7,542,050 |
$2,750,889
$546,799 |
$4,244,362 |
| 11 |
$7,918,991 |
$2,890,357
$574,127 |
$4,454,507 |
| 12 |
$8,314,989 |
$3,036,876
$602,837 |
$4,675,276 |
| 13 |
$8,730,690 |
$3,190,686
$632,975 |
$4,907,029 |
| 14 |
$9,167,386 |
$3,352,263
$664,635 |
$5,150,488 |
| 15 |
$9,625,723 |
$3,521,848
$697,865 |
$5,406,010 |
| 16 |
$10,106,993 |
$3,699,918
$732,757 |
$5,674,318 |
| 17 |
$10,612,165 |
$3,886,831
$769,382 |
$5,955,952 |
| 18 |
$11,142,854 |
$4,083,186
$807,857 |
$6,251,811 |
| 19 |
$11,700,029 |
$4,289,341
$848,252 |
$6,562,436 |
| 20 |
$12,284,982 |
$4,505,774
$890,661 |
$6,888,547 |
| 21 |
$12,899,328 |
$4,733,082
$935,201 |
$7,231,045 |
| 22 |
$13,544,359 |
$4,971,743
$981,966 |
$7,590,650 |
| 23 |
$14,221,367 |
$5,222,236
$1,031,049 |
$7,968,082 |
| 24 |
$14,932,613 |
$5,485,397
$1,082,614 |
$8,364,602 |
| 25 |
$15,679,066 |
$5,761,585
$1,136,732 |
$8,780,749 |
| 26 |
$16,463,310 |
$6,051,755
$1,193,590 |
$9,217,965 |
| 27 |
$17,286,314 |
$6,356,267
$1,253,258 |
$9,676,789 |
| 28 |
$18,150,662 |
$6,676,075
$1,315,923 |
$10,158,664 |
| 29 |
$19,058,292 |
$7,011,898
$1,381,726 |
$10,664,668 |
| 30 |
$20,011,142 |
$7,364,453
$1,450,808 |
$11,195,881 |
|
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