The jackpot for the MEGA Millions draw on Tue Jul 21, 2026, is projected to be $707 Million, with an option for a cash payout of $307.7 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 Missouri residents, the state will deduct 4% from your lottery earnings.
| Missouri MEGA Millions Jackpot/Cash Option for Tue Jul 21, 2026 |
|---|
| Draw Date | Tue Jul 21, 2026 | | Projected Jackpot | $707,000,000 | | Cash Value | $307,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $307,700,000 | | Federal Tax(24%) | $73,848,000 | | Additional Federal Tax | $39,961,330 | | State Tax(4%) | $12,308,000 | | Net Lumpsum Payment | $181,582,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$10,641,057 |
$3,897,521
$425,642 |
$6,317,894 |
| 2 |
$11,173,428 |
$4,094,499
$446,937 |
$6,631,992 |
| 3 |
$11,731,958 |
$4,301,155
$469,278 |
$6,961,525 |
| 4 |
$12,318,768 |
$4,518,275
$492,751 |
$7,307,742 |
| 5 |
$12,934,565 |
$4,746,119
$517,383 |
$7,671,063 |
| 6 |
$13,581,470 |
$4,985,474
$543,259 |
$8,052,737 |
| 7 |
$14,260,190 |
$5,236,601
$570,408 |
$8,453,181 |
| 8 |
$14,973,553 |
$5,500,545
$598,942 |
$8,874,066 |
| 9 |
$15,722,266 |
$5,777,569
$628,891 |
$9,315,806 |
| 10 |
$16,508,450 |
$6,068,457
$660,338 |
$9,779,655 |
| 11 |
$17,333,519 |
$6,373,732
$693,341 |
$10,266,446 |
| 12 |
$18,200,301 |
$6,694,442
$728,012 |
$10,777,847 |
| 13 |
$19,110,210 |
$7,031,108
$764,408 |
$11,314,694 |
| 14 |
$20,066,074 |
$7,384,778
$802,643 |
$11,878,653 |
| 15 |
$21,069,307 |
$7,755,974
$842,772 |
$12,470,561 |
| 16 |
$22,122,737 |
$8,145,743
$884,909 |
$13,092,085 |
| 17 |
$23,228,485 |
$8,554,870
$929,139 |
$13,744,476 |
| 18 |
$24,390,086 |
$8,984,662
$975,603 |
$14,429,821 |
| 19 |
$25,609,661 |
$9,435,905
$1,024,386 |
$15,149,370 |
| 20 |
$26,890,038 |
$9,909,644
$1,075,602 |
$15,904,792 |
| 21 |
$28,234,752 |
$10,407,189
$1,129,390 |
$16,698,173 |
| 22 |
$29,646,631 |
$10,929,584
$1,185,865 |
$17,531,182 |
| 23 |
$31,128,503 |
$11,477,876
$1,245,140 |
$18,405,487 |
| 24 |
$32,685,317 |
$12,053,898
$1,307,413 |
$19,324,006 |
| 25 |
$34,319,194 |
$12,658,432
$1,372,768 |
$20,287,994 |
| 26 |
$36,035,790 |
$13,293,573
$1,441,432 |
$21,300,785 |
| 27 |
$37,837,226 |
$13,960,104
$1,513,489 |
$22,363,633 |
| 28 |
$39,729,158 |
$14,660,119
$1,589,166 |
$23,479,873 |
| 29 |
$41,715,828 |
$15,395,187
$1,668,633 |
$24,652,008 |
| 30 |
$43,801,478 |
$16,166,877
$1,752,059 |
$25,882,542 |
|
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