The jackpot for the MEGA Millions draw on Tue Sep 8, 2026, is projected to be $193 Million, with an option for a cash payout of $82.8 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 Sep 8, 2026 |
|---|
| Draw Date | Tue Sep 8, 2026 | | Projected Jackpot | $193,000,000 | | Cash Value | $82,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $82,800,000 | | Federal Tax(24%) | $19,872,000 | | Additional Federal Tax | $10,724,330 | | State Tax(7.25%) | $6,003,000 | | Net Lumpsum Payment | $46,200,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,904,843 |
$1,035,122
$210,601 |
$1,659,120 |
| 2 |
$3,050,172 |
$1,088,894
$221,137 |
$1,740,141 |
| 3 |
$3,202,642 |
$1,145,308
$232,192 |
$1,825,142 |
| 4 |
$3,362,832 |
$1,204,578
$243,805 |
$1,914,449 |
| 5 |
$3,530,935 |
$1,266,776
$255,993 |
$2,008,166 |
| 6 |
$3,707,530 |
$1,332,116
$268,796 |
$2,106,618 |
| 7 |
$3,892,810 |
$1,400,670
$282,229 |
$2,209,911 |
| 8 |
$4,087,547 |
$1,472,723
$296,347 |
$2,318,477 |
| 9 |
$4,291,934 |
$1,548,346
$311,165 |
$2,432,423 |
| 10 |
$4,506,550 |
$1,627,754
$326,725 |
$2,552,071 |
| 11 |
$4,731,781 |
$1,711,089
$343,054 |
$2,677,638 |
| 12 |
$4,968,399 |
$1,798,638
$360,209 |
$2,809,552 |
| 13 |
$5,216,790 |
$1,890,543
$378,217 |
$2,948,030 |
| 14 |
$5,477,726 |
$1,987,089
$397,135 |
$3,093,502 |
| 15 |
$5,751,593 |
$2,088,420
$416,990 |
$3,246,183 |
| 16 |
$6,039,163 |
$2,194,821
$437,839 |
$3,406,503 |
| 17 |
$6,341,015 |
$2,306,506
$459,724 |
$3,574,785 |
| 18 |
$6,658,114 |
$2,423,833
$482,713 |
$3,751,568 |
| 19 |
$6,991,039 |
$2,547,015
$506,850 |
$3,937,174 |
| 20 |
$7,340,562 |
$2,676,338
$532,191 |
$4,132,033 |
| 21 |
$7,707,648 |
$2,812,160
$558,804 |
$4,336,684 |
| 22 |
$8,093,069 |
$2,954,766
$586,748 |
$4,551,555 |
| 23 |
$8,497,597 |
$3,104,441
$616,076 |
$4,777,080 |
| 24 |
$8,922,583 |
$3,261,686
$646,887 |
$5,014,010 |
| 25 |
$9,368,606 |
$3,426,715
$679,224 |
$5,262,667 |
| 26 |
$9,837,210 |
$3,600,098
$713,198 |
$5,523,914 |
| 27 |
$10,328,974 |
$3,782,051
$748,851 |
$5,798,072 |
| 28 |
$10,845,442 |
$3,973,144
$786,295 |
$6,086,003 |
| 29 |
$11,387,772 |
$4,173,806
$825,613 |
$6,388,353 |
| 30 |
$11,957,122 |
$4,384,466
$866,891 |
$6,705,765 |
|
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