The jackpot for the MEGA Millions draw on Fri Oct 16, 2026, is projected to be $403 Million, with an option for a cash payout of $162.1 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Fri Oct 16, 2026 |
|---|
| Draw Date | Fri Oct 16, 2026 | | Projected Jackpot | $403,000,000 | | Cash Value | $162,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $162,100,000 | | Federal Tax(24%) | $38,904,000 | | Additional Federal Tax | $21,033,330 | | State Tax(10.75%) | $17,425,750 | | Net Lumpsum Payment | $84,736,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,065,553 |
$2,204,585
$652,047 |
$3,208,921 |
| 2 |
$6,369,012 |
$2,316,865
$684,669 |
$3,367,478 |
| 3 |
$6,687,382 |
$2,434,662
$718,894 |
$3,533,826 |
| 4 |
$7,021,872 |
$2,558,423
$754,851 |
$3,708,598 |
| 5 |
$7,372,885 |
$2,688,298
$792,585 |
$3,892,002 |
| 6 |
$7,741,630 |
$2,824,733
$832,225 |
$4,084,672 |
| 7 |
$8,128,510 |
$2,967,879
$873,815 |
$4,286,816 |
| 8 |
$8,535,137 |
$3,118,331
$917,527 |
$4,499,279 |
| 9 |
$8,961,914 |
$3,276,239
$963,406 |
$4,722,269 |
| 10 |
$9,410,050 |
$3,442,049
$1,011,580 |
$4,956,421 |
| 11 |
$9,880,351 |
$3,616,060
$1,062,138 |
$5,202,153 |
| 12 |
$10,374,429 |
$3,798,869
$1,115,251 |
$5,460,309 |
| 13 |
$10,893,090 |
$3,990,774
$1,171,007 |
$5,731,309 |
| 14 |
$11,437,946 |
$4,192,370
$1,229,579 |
$6,015,997 |
| 15 |
$12,009,803 |
$4,403,957
$1,291,054 |
$6,314,792 |
| 16 |
$12,610,273 |
$4,626,131
$1,355,604 |
$6,628,538 |
| 17 |
$13,240,565 |
$4,859,339
$1,423,361 |
$6,957,865 |
| 18 |
$13,902,694 |
$5,104,327
$1,494,540 |
$7,303,827 |
| 19 |
$14,597,869 |
$5,361,542
$1,569,271 |
$7,667,056 |
| 20 |
$15,327,702 |
$5,631,580
$1,647,728 |
$8,048,394 |
| 21 |
$16,094,208 |
$5,915,187
$1,730,127 |
$8,448,894 |
| 22 |
$16,898,999 |
$6,212,960
$1,816,642 |
$8,869,397 |
| 23 |
$17,743,687 |
$6,525,495
$1,907,446 |
$9,310,746 |
| 24 |
$18,631,093 |
$6,853,835
$2,002,842 |
$9,774,416 |
| 25 |
$19,562,426 |
$7,198,428
$2,102,961 |
$10,261,037 |
| 26 |
$20,540,910 |
$7,560,467
$2,208,148 |
$10,772,295 |
| 27 |
$21,567,754 |
$7,940,399
$2,318,534 |
$11,308,821 |
| 28 |
$22,646,182 |
$8,339,418
$2,434,465 |
$11,872,299 |
| 29 |
$23,778,612 |
$8,758,417
$2,556,201 |
$12,463,994 |
| 30 |
$24,967,462 |
$9,198,291
$2,684,002 |
$13,085,169 |
|
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