The jackpot for the MEGA Millions draw on Fri Sep 18, 2026, is projected to be $244 Million, with an option for a cash payout of $103.5 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 Fri Sep 18, 2026 |
|---|
| Draw Date | Fri Sep 18, 2026 | | Projected Jackpot | $244,000,000 | | Cash Value | $103,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $103,500,000 | | Federal Tax(24%) | $24,840,000 | | Additional Federal Tax | $13,415,330 | | State Tax(7.25%) | $7,503,750 | | Net Lumpsum Payment | $57,740,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,672,444 |
$1,319,135
$266,252 |
$2,087,057 |
| 2 |
$3,856,176 |
$1,387,116
$279,573 |
$2,189,487 |
| 3 |
$4,048,936 |
$1,458,437
$293,548 |
$2,296,951 |
| 4 |
$4,251,456 |
$1,533,369
$308,231 |
$2,409,856 |
| 5 |
$4,463,980 |
$1,612,003
$323,639 |
$2,528,338 |
| 6 |
$4,687,240 |
$1,694,609
$339,825 |
$2,652,806 |
| 7 |
$4,921,480 |
$1,781,278
$356,807 |
$2,783,395 |
| 8 |
$5,167,676 |
$1,872,371
$374,657 |
$2,920,648 |
| 9 |
$5,426,072 |
$1,967,977
$393,390 |
$3,064,705 |
| 10 |
$5,697,400 |
$2,068,368
$413,062 |
$3,215,970 |
| 11 |
$5,982,148 |
$2,173,725
$433,706 |
$3,374,717 |
| 12 |
$6,281,292 |
$2,284,408
$455,394 |
$3,541,490 |
| 13 |
$6,595,320 |
$2,400,599
$478,161 |
$3,716,560 |
| 14 |
$6,925,208 |
$2,522,657
$502,078 |
$3,900,473 |
| 15 |
$7,271,444 |
$2,650,765
$527,180 |
$4,093,499 |
| 16 |
$7,635,004 |
$2,785,282
$553,538 |
$4,296,184 |
| 17 |
$8,016,620 |
$2,926,480
$581,205 |
$4,508,935 |
| 18 |
$8,417,512 |
$3,074,810
$610,270 |
$4,732,432 |
| 19 |
$8,838,412 |
$3,230,543
$640,785 |
$4,967,084 |
| 20 |
$9,280,296 |
$3,394,040
$672,821 |
$5,213,435 |
| 21 |
$9,744,384 |
$3,565,752
$706,468 |
$5,472,164 |
| 22 |
$10,231,652 |
$3,746,042
$741,795 |
$5,743,815 |
| 23 |
$10,743,076 |
$3,935,269
$778,873 |
$6,028,934 |
| 24 |
$11,280,364 |
$4,134,065
$817,826 |
$6,328,473 |
| 25 |
$11,844,248 |
$4,342,702
$858,708 |
$6,642,838 |
| 26 |
$12,436,680 |
$4,561,902
$901,659 |
$6,973,119 |
| 27 |
$13,058,392 |
$4,791,935
$946,733 |
$7,319,724 |
| 28 |
$13,711,336 |
$5,033,525
$994,072 |
$7,683,739 |
| 29 |
$14,396,976 |
$5,287,212
$1,043,781 |
$8,065,983 |
| 30 |
$15,116,776 |
$5,553,538
$1,095,966 |
$8,467,272 |
|
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