The jackpot for the MEGA Millions draw on Tue Jul 14, 2026, is projected to be $637 Million, with an option for a cash payout of $278 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 Jul 14, 2026 |
|---|
| Draw Date | Tue Jul 14, 2026 | | Projected Jackpot | $637,000,000 | | Cash Value | $278,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $278,000,000 | | Federal Tax(24%) | $66,720,000 | | Additional Federal Tax | $36,100,330 | | State Tax(7.25%) | $20,155,000 | | Net Lumpsum Payment | $155,024,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,587,487 |
$3,507,701
$695,093 |
$5,384,693 |
| 2 |
$10,067,148 |
$3,685,175
$729,868 |
$5,652,105 |
| 3 |
$10,570,378 |
$3,871,370
$766,352 |
$5,932,656 |
| 4 |
$11,099,088 |
$4,066,993
$804,684 |
$6,227,411 |
| 5 |
$11,653,915 |
$4,272,279
$844,909 |
$6,536,727 |
| 6 |
$12,236,770 |
$4,487,935
$887,166 |
$6,861,669 |
| 7 |
$12,848,290 |
$4,714,198
$931,501 |
$7,202,591 |
| 8 |
$13,491,023 |
$4,952,009
$978,099 |
$7,560,915 |
| 9 |
$14,165,606 |
$5,201,605
$1,027,006 |
$7,936,995 |
| 10 |
$14,873,950 |
$5,463,692
$1,078,361 |
$8,331,897 |
| 11 |
$15,617,329 |
$5,738,742
$1,132,256 |
$8,746,331 |
| 12 |
$16,398,291 |
$6,027,698
$1,188,876 |
$9,181,717 |
| 13 |
$17,218,110 |
$6,331,031
$1,248,313 |
$9,638,766 |
| 14 |
$18,079,334 |
$6,649,684
$1,310,752 |
$10,118,898 |
| 15 |
$18,983,237 |
$6,984,128
$1,376,285 |
$10,622,824 |
| 16 |
$19,932,367 |
$7,335,306
$1,445,097 |
$11,151,964 |
| 17 |
$20,928,635 |
$7,703,925
$1,517,326 |
$11,707,384 |
| 18 |
$21,975,226 |
$8,091,164
$1,593,204 |
$12,290,858 |
| 19 |
$23,074,051 |
$8,497,729
$1,672,869 |
$12,903,453 |
| 20 |
$24,227,658 |
$8,924,564
$1,756,505 |
$13,546,589 |
| 21 |
$25,439,232 |
$9,372,846
$1,844,344 |
$14,222,042 |
| 22 |
$26,711,321 |
$9,843,519
$1,936,571 |
$14,931,231 |
| 23 |
$28,046,473 |
$10,337,525
$2,033,369 |
$15,675,579 |
| 24 |
$29,449,147 |
$10,856,515
$2,135,063 |
$16,457,569 |
| 25 |
$30,921,254 |
$11,401,194
$2,241,791 |
$17,278,269 |
| 26 |
$32,467,890 |
$11,973,450
$2,353,922 |
$18,140,518 |
| 27 |
$34,090,966 |
$12,573,988
$2,471,595 |
$19,045,383 |
| 28 |
$35,795,578 |
$13,204,694
$2,595,179 |
$19,995,705 |
| 29 |
$37,585,548 |
$13,866,983
$2,724,952 |
$20,993,613 |
| 30 |
$39,464,698 |
$14,562,269
$2,861,191 |
$22,041,238 |
|
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