The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Fri May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(5%) | $6,430,000 | | Net Lumpsum Payment | $74,627,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$222,755 |
$2,623,625 |
| 2 |
$4,677,984 |
$1,691,184
$233,899 |
$2,752,901 |
| 3 |
$4,911,824 |
$1,777,705
$245,591 |
$2,888,528 |
| 4 |
$5,157,504 |
$1,868,607
$257,875 |
$3,031,022 |
| 5 |
$5,415,320 |
$1,963,999
$270,766 |
$3,180,555 |
| 6 |
$5,686,160 |
$2,064,210
$284,308 |
$3,337,642 |
| 7 |
$5,970,320 |
$2,169,349
$298,516 |
$3,502,455 |
| 8 |
$6,268,984 |
$2,279,854
$313,449 |
$3,675,681 |
| 9 |
$6,582,448 |
$2,395,836
$329,122 |
$3,857,490 |
| 10 |
$6,911,600 |
$2,517,622
$345,580 |
$4,048,398 |
| 11 |
$7,257,032 |
$2,645,432
$362,852 |
$4,248,748 |
| 12 |
$7,619,928 |
$2,779,704
$380,996 |
$4,459,228 |
| 13 |
$8,000,880 |
$2,920,656
$400,044 |
$4,680,180 |
| 14 |
$8,401,072 |
$3,068,727
$420,054 |
$4,912,291 |
| 15 |
$8,821,096 |
$3,224,136
$441,055 |
$5,155,905 |
| 16 |
$9,262,136 |
$3,387,321
$463,107 |
$5,411,708 |
| 17 |
$9,725,080 |
$3,558,610
$486,254 |
$5,680,216 |
| 18 |
$10,211,408 |
$3,738,551
$510,570 |
$5,962,287 |
| 19 |
$10,722,008 |
$3,927,473
$536,100 |
$6,258,435 |
| 20 |
$11,258,064 |
$4,125,814
$562,903 |
$6,569,347 |
| 21 |
$11,821,056 |
$4,334,121
$591,053 |
$6,895,882 |
| 22 |
$12,412,168 |
$4,552,833
$620,608 |
$7,238,727 |
| 23 |
$13,032,584 |
$4,782,386
$651,629 |
$7,598,569 |
| 24 |
$13,684,376 |
$5,023,550
$684,219 |
$7,976,607 |
| 25 |
$14,368,432 |
$5,276,650
$718,422 |
$8,373,360 |
| 26 |
$15,087,120 |
$5,542,565
$754,356 |
$8,790,199 |
| 27 |
$15,841,328 |
$5,821,622
$792,066 |
$9,227,640 |
| 28 |
$16,633,424 |
$6,114,697
$831,671 |
$9,687,056 |
| 29 |
$17,465,184 |
$6,422,448
$873,259 |
$10,169,477 |
| 30 |
$18,338,384 |
$6,745,532
$916,919 |
$10,675,933 |
|
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