The jackpot for the MEGA Millions draw on Fri Jul 10, 2026, is projected to be $604 Million, with an option for a cash payout of $266.3 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Fri Jul 10, 2026 |
|---|
| Draw Date | Fri Jul 10, 2026 | | Projected Jackpot | $604,000,000 | | Cash Value | $266,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $266,300,000 | | Federal Tax(24%) | $63,912,000 | | Additional Federal Tax | $34,579,330 | | State Tax(5%) | $13,315,000 | | Net Lumpsum Payment | $154,493,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$9,090,804 |
$3,323,928
$454,540 |
$5,312,336 |
| 2 |
$9,545,616 |
$3,492,208
$477,281 |
$5,576,127 |
| 3 |
$10,022,776 |
$3,668,758
$501,139 |
$5,852,879 |
| 4 |
$10,524,096 |
$3,854,246
$526,205 |
$6,143,645 |
| 5 |
$11,050,180 |
$4,048,897
$552,509 |
$6,448,774 |
| 6 |
$11,602,840 |
$4,253,381
$580,142 |
$6,769,317 |
| 7 |
$12,182,680 |
$4,467,922
$609,134 |
$7,105,624 |
| 8 |
$12,792,116 |
$4,693,413
$639,606 |
$7,459,097 |
| 9 |
$13,431,752 |
$4,930,079
$671,588 |
$7,830,085 |
| 10 |
$14,103,400 |
$5,178,588
$705,170 |
$8,219,642 |
| 11 |
$14,808,268 |
$5,439,390
$740,413 |
$8,628,465 |
| 12 |
$15,548,772 |
$5,713,376
$777,439 |
$9,057,957 |
| 13 |
$16,326,120 |
$6,000,995
$816,306 |
$9,508,819 |
| 14 |
$17,142,728 |
$6,303,140
$857,136 |
$9,982,452 |
| 15 |
$17,999,804 |
$6,620,258
$899,990 |
$10,479,556 |
| 16 |
$18,899,764 |
$6,953,243
$944,988 |
$11,001,533 |
| 17 |
$19,844,420 |
$7,302,766
$992,221 |
$11,549,433 |
| 18 |
$20,836,792 |
$7,669,943
$1,041,840 |
$12,125,009 |
| 19 |
$21,878,692 |
$8,055,446
$1,093,935 |
$12,729,311 |
| 20 |
$22,972,536 |
$8,460,169
$1,148,627 |
$13,363,740 |
| 21 |
$24,121,344 |
$8,885,228
$1,206,067 |
$14,030,049 |
| 22 |
$25,327,532 |
$9,331,517
$1,266,377 |
$14,729,638 |
| 23 |
$26,593,516 |
$9,799,931
$1,329,676 |
$15,463,909 |
| 24 |
$27,923,524 |
$10,292,034
$1,396,176 |
$16,235,314 |
| 25 |
$29,319,368 |
$10,808,497
$1,465,968 |
$17,044,903 |
| 26 |
$30,785,880 |
$11,351,106
$1,539,294 |
$17,895,480 |
| 27 |
$32,324,872 |
$11,920,533
$1,616,244 |
$18,788,095 |
| 28 |
$33,941,176 |
$12,518,566
$1,697,059 |
$19,725,551 |
| 29 |
$35,638,416 |
$13,146,544
$1,781,921 |
$20,709,951 |
| 30 |
$37,420,216 |
$13,805,810
$1,871,011 |
$21,743,395 |
|
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