The jackpot for the MEGA Millions draw on Tue Oct 6, 2026, is projected to be $345 Million, with an option for a cash payout of $139.6 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 Tue Oct 6, 2026 |
|---|
| Draw Date | Tue Oct 6, 2026 | | Projected Jackpot | $345,000,000 | | Cash Value | $139,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $139,600,000 | | Federal Tax(24%) | $33,504,000 | | Additional Federal Tax | $18,108,330 | | State Tax(7.25%) | $10,121,000 | | Net Lumpsum Payment | $77,866,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,192,595 |
$1,881,591
$376,463 |
$2,934,541 |
| 2 |
$5,452,380 |
$1,977,711
$395,298 |
$3,079,371 |
| 3 |
$5,724,930 |
$2,078,554
$415,057 |
$3,231,319 |
| 4 |
$6,011,280 |
$2,184,504
$435,818 |
$3,390,958 |
| 5 |
$6,311,775 |
$2,295,687
$457,604 |
$3,558,484 |
| 6 |
$6,627,450 |
$2,412,487
$480,490 |
$3,734,473 |
| 7 |
$6,958,650 |
$2,535,031
$504,502 |
$3,919,117 |
| 8 |
$7,306,755 |
$2,663,830
$529,740 |
$4,113,185 |
| 9 |
$7,672,110 |
$2,799,011
$556,228 |
$4,316,871 |
| 10 |
$8,055,750 |
$2,940,958
$584,042 |
$4,530,750 |
| 11 |
$8,458,365 |
$3,089,925
$613,231 |
$4,755,209 |
| 12 |
$8,881,335 |
$3,246,424
$643,897 |
$4,991,014 |
| 13 |
$9,325,350 |
$3,410,710
$676,088 |
$5,238,552 |
| 14 |
$9,791,790 |
$3,583,293
$709,905 |
$5,498,592 |
| 15 |
$10,281,345 |
$3,764,428
$745,398 |
$5,771,519 |
| 16 |
$10,795,395 |
$3,954,627
$782,666 |
$6,058,102 |
| 17 |
$11,334,975 |
$4,154,271
$821,786 |
$6,358,918 |
| 18 |
$11,901,810 |
$4,364,000
$862,881 |
$6,674,929 |
| 19 |
$12,496,935 |
$4,584,196
$906,028 |
$7,006,711 |
| 20 |
$13,121,730 |
$4,815,370
$951,325 |
$7,355,035 |
| 21 |
$13,777,920 |
$5,058,161
$998,899 |
$7,720,860 |
| 22 |
$14,466,885 |
$5,313,078
$1,048,849 |
$8,104,958 |
| 23 |
$15,190,005 |
$5,580,632
$1,101,275 |
$8,508,098 |
| 24 |
$15,949,695 |
$5,861,718
$1,156,353 |
$8,931,624 |
| 25 |
$16,746,990 |
$6,156,717
$1,214,157 |
$9,376,116 |
| 26 |
$17,584,650 |
$6,466,651
$1,274,887 |
$9,843,112 |
| 27 |
$18,463,710 |
$6,791,903
$1,338,619 |
$10,333,188 |
| 28 |
$19,386,930 |
$7,133,494
$1,405,552 |
$10,847,884 |
| 29 |
$20,356,380 |
$7,492,191
$1,475,838 |
$11,388,351 |
| 30 |
$21,374,130 |
$7,868,758
$1,549,624 |
$11,955,748 |
|
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