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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota 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(7.25%) | $11,861,000 | | Net Lumpsum Payment | $91,246,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,538,768 |
$2,009,675
$401,561 |
$3,127,532 |
| 2 |
$5,815,872 |
$2,112,203
$421,651 |
$3,282,018 |
| 3 |
$6,106,592 |
$2,219,769
$442,728 |
$3,444,095 |
| 4 |
$6,412,032 |
$2,332,782
$464,872 |
$3,614,378 |
| 5 |
$6,732,560 |
$2,451,378
$488,111 |
$3,793,071 |
| 6 |
$7,069,280 |
$2,575,964
$512,523 |
$3,980,793 |
| 7 |
$7,422,560 |
$2,706,678
$538,136 |
$4,177,746 |
| 8 |
$7,793,872 |
$2,844,063
$565,056 |
$4,384,753 |
| 9 |
$8,183,584 |
$2,988,256
$593,310 |
$4,602,018 |
| 10 |
$8,592,800 |
$3,139,666
$622,978 |
$4,830,156 |
| 11 |
$9,022,256 |
$3,298,565
$654,114 |
$5,069,577 |
| 12 |
$9,473,424 |
$3,465,497
$686,823 |
$5,321,104 |
| 13 |
$9,947,040 |
$3,640,735
$721,160 |
$5,585,145 |
| 14 |
$10,444,576 |
$3,824,824
$757,232 |
$5,862,520 |
| 15 |
$10,966,768 |
$4,018,035
$795,091 |
$6,153,642 |
| 16 |
$11,515,088 |
$4,220,913
$834,844 |
$6,459,331 |
| 17 |
$12,090,640 |
$4,433,867
$876,571 |
$6,780,202 |
| 18 |
$12,695,264 |
$4,657,578
$920,407 |
$7,117,279 |
| 19 |
$13,330,064 |
$4,892,454
$966,430 |
$7,471,180 |
| 20 |
$13,996,512 |
$5,139,040
$1,014,747 |
$7,842,725 |
| 21 |
$14,696,448 |
$5,398,016
$1,065,492 |
$8,232,940 |
| 22 |
$15,431,344 |
$5,669,928
$1,118,772 |
$8,642,644 |
| 23 |
$16,202,672 |
$5,955,319
$1,174,694 |
$9,072,659 |
| 24 |
$17,013,008 |
$6,255,143
$1,233,443 |
$9,524,422 |
| 25 |
$17,863,456 |
$6,569,809
$1,295,101 |
$9,998,546 |
| 26 |
$18,756,960 |
$6,900,406
$1,359,880 |
$10,496,674 |
| 27 |
$19,694,624 |
$7,247,341
$1,427,860 |
$11,019,423 |
| 28 |
$20,679,392 |
$7,611,705
$1,499,256 |
$11,568,431 |
| 29 |
$21,713,472 |
$7,994,315
$1,574,227 |
$12,144,930 |
| 30 |
$22,799,072 |
$8,395,987
$1,652,933 |
$12,750,152 |
|
|
