The jackpot for the MEGA Millions draw on Fri May 15, 2026, is projected to be $251 Million, with an option for a cash payout of $112.3 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Fri May 15, 2026 |
|---|
| Draw Date | Fri May 15, 2026 | | Projected Jackpot | $251,000,000 | | Cash Value | $112,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $112,300,000 | | Federal Tax(24%) | $26,952,000 | | Additional Federal Tax | $14,559,330 | | State Tax(4%) | $4,492,000 | | Net Lumpsum Payment | $66,296,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,777,801 |
$1,358,117
$151,112 |
$2,268,572 |
| 2 |
$3,966,804 |
$1,428,048
$158,672 |
$2,380,084 |
| 3 |
$4,165,094 |
$1,501,415
$166,604 |
$2,497,075 |
| 4 |
$4,373,424 |
$1,578,497
$174,937 |
$2,619,990 |
| 5 |
$4,592,045 |
$1,659,387
$183,682 |
$2,748,976 |
| 6 |
$4,821,710 |
$1,744,363
$192,868 |
$2,884,479 |
| 7 |
$5,062,670 |
$1,833,518
$202,507 |
$3,026,645 |
| 8 |
$5,315,929 |
$1,927,224
$212,637 |
$3,176,068 |
| 9 |
$5,581,738 |
$2,025,573
$223,270 |
$3,332,895 |
| 10 |
$5,860,850 |
$2,128,845
$234,434 |
$3,497,571 |
| 11 |
$6,153,767 |
$2,237,224
$246,151 |
$3,670,392 |
| 12 |
$6,461,493 |
$2,351,083
$258,460 |
$3,851,950 |
| 13 |
$6,784,530 |
$2,470,606
$271,381 |
$4,042,543 |
| 14 |
$7,123,882 |
$2,596,167
$284,955 |
$4,242,760 |
| 15 |
$7,480,051 |
$2,727,949
$299,202 |
$4,452,900 |
| 16 |
$7,854,041 |
$2,866,326
$314,162 |
$4,673,553 |
| 17 |
$8,246,605 |
$3,011,574
$329,864 |
$4,905,167 |
| 18 |
$8,658,998 |
$3,164,160
$346,360 |
$5,148,478 |
| 19 |
$9,091,973 |
$3,324,360
$363,679 |
$5,403,934 |
| 20 |
$9,546,534 |
$3,492,548
$381,861 |
$5,672,125 |
| 21 |
$10,023,936 |
$3,669,187
$400,957 |
$5,953,792 |
| 22 |
$10,525,183 |
$3,854,648
$421,007 |
$6,249,528 |
| 23 |
$11,051,279 |
$4,049,304
$442,051 |
$6,559,924 |
| 24 |
$11,603,981 |
$4,253,803
$464,159 |
$6,886,019 |
| 25 |
$12,184,042 |
$4,468,426
$487,362 |
$7,228,254 |
| 26 |
$12,793,470 |
$4,693,914
$511,739 |
$7,587,817 |
| 27 |
$13,433,018 |
$4,930,547
$537,321 |
$7,965,150 |
| 28 |
$14,104,694 |
$5,179,067
$564,188 |
$8,361,439 |
| 29 |
$14,810,004 |
$5,440,032
$592,400 |
$8,777,572 |
| 30 |
$15,550,454 |
$5,713,998
$622,018 |
$9,214,438 |
|
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