The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 those living in New Hampshire, the bright side is you won't have to pay any state taxes on your lottery prize.
| New Hampshire MEGA Millions Jackpot/Cash Option for Tue May 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $54,408,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$0 |
$1,888,685 |
| 2 |
$3,081,780 |
$1,100,589
$0 |
$1,981,191 |
| 3 |
$3,235,830 |
$1,157,587
$0 |
$2,078,243 |
| 4 |
$3,397,680 |
$1,217,472
$0 |
$2,180,208 |
| 5 |
$3,567,525 |
$1,280,315
$0 |
$2,287,210 |
| 6 |
$3,745,950 |
$1,346,332
$0 |
$2,399,618 |
| 7 |
$3,933,150 |
$1,415,596
$0 |
$2,517,554 |
| 8 |
$4,129,905 |
$1,488,395
$0 |
$2,641,510 |
| 9 |
$4,336,410 |
$1,564,802
$0 |
$2,771,608 |
| 10 |
$4,553,250 |
$1,645,033
$0 |
$2,908,217 |
| 11 |
$4,780,815 |
$1,729,232
$0 |
$3,051,583 |
| 12 |
$5,019,885 |
$1,817,688
$0 |
$3,202,197 |
| 13 |
$5,270,850 |
$1,910,545
$0 |
$3,360,305 |
| 14 |
$5,534,490 |
$2,008,092
$0 |
$3,526,398 |
| 15 |
$5,811,195 |
$2,110,473
$0 |
$3,700,722 |
| 16 |
$6,101,745 |
$2,217,976
$0 |
$3,883,769 |
| 17 |
$6,406,725 |
$2,330,819
$0 |
$4,075,906 |
| 18 |
$6,727,110 |
$2,449,361
$0 |
$4,277,749 |
| 19 |
$7,063,485 |
$2,573,820
$0 |
$4,489,665 |
| 20 |
$7,416,630 |
$2,704,483
$0 |
$4,712,147 |
| 21 |
$7,787,520 |
$2,841,713
$0 |
$4,945,807 |
| 22 |
$8,176,935 |
$2,985,796
$0 |
$5,191,139 |
| 23 |
$8,585,655 |
$3,137,023
$0 |
$5,448,632 |
| 24 |
$9,015,045 |
$3,295,897
$0 |
$5,719,148 |
| 25 |
$9,465,690 |
$3,462,636
$0 |
$6,003,054 |
| 26 |
$9,939,150 |
$3,637,816
$0 |
$6,301,334 |
| 27 |
$10,436,010 |
$3,821,654
$0 |
$6,614,356 |
| 28 |
$10,957,830 |
$4,014,727
$0 |
$6,943,103 |
| 29 |
$11,505,780 |
$4,217,469
$0 |
$7,288,311 |
| 30 |
$12,081,030 |
$4,430,311
$0 |
$7,650,719 |
|
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