The jackpot for the MEGA Millions draw on Fri Nov 6, 2026, is projected to be $505 Million, with an option for a cash payout of $213.3 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota MEGA Millions Jackpot/Cash Option for Fri Nov 6, 2026 |
|---|
| Draw Date | Fri Nov 6, 2026 | | Projected Jackpot | $505,000,000 | | Cash Value | $213,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $213,300,000 | | Federal Tax(24%) | $51,192,000 | | Additional Federal Tax | $27,689,330 | | State Tax(7.25%) | $15,464,250 | | Net Lumpsum Payment | $118,954,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,600,755 |
$2,772,610
$551,055 |
$4,277,090 |
| 2 |
$7,981,020 |
$2,913,308
$578,624 |
$4,489,088 |
| 3 |
$8,379,970 |
$3,060,919
$607,548 |
$4,711,503 |
| 4 |
$8,799,120 |
$3,216,005
$637,936 |
$4,945,179 |
| 5 |
$9,238,975 |
$3,378,751
$669,826 |
$5,190,398 |
| 6 |
$9,701,050 |
$3,549,719
$703,326 |
$5,448,005 |
| 7 |
$10,185,850 |
$3,729,095
$738,474 |
$5,718,281 |
| 8 |
$10,695,395 |
$3,917,627
$775,416 |
$6,002,352 |
| 9 |
$11,230,190 |
$4,115,501
$814,189 |
$6,300,500 |
| 10 |
$11,791,750 |
$4,323,278
$854,902 |
$6,613,570 |
| 11 |
$12,381,085 |
$4,541,332
$897,629 |
$6,942,124 |
| 12 |
$13,000,215 |
$4,770,410
$942,516 |
$7,287,289 |
| 13 |
$13,650,150 |
$5,010,886
$989,636 |
$7,649,628 |
| 14 |
$14,332,910 |
$5,263,507
$1,039,136 |
$8,030,267 |
| 15 |
$15,049,505 |
$5,528,647
$1,091,089 |
$8,429,769 |
| 16 |
$15,801,955 |
$5,807,054
$1,145,642 |
$8,849,259 |
| 17 |
$16,591,775 |
$6,099,287
$1,202,904 |
$9,289,584 |
| 18 |
$17,421,490 |
$6,406,282
$1,263,058 |
$9,752,150 |
| 19 |
$18,292,615 |
$6,728,598
$1,326,215 |
$10,237,802 |
| 20 |
$19,207,170 |
$7,066,983
$1,392,520 |
$10,747,667 |
| 21 |
$20,167,680 |
$7,422,372
$1,462,157 |
$11,283,151 |
| 22 |
$21,176,165 |
$7,795,511
$1,535,272 |
$11,845,382 |
| 23 |
$22,234,645 |
$8,187,149
$1,612,012 |
$12,435,484 |
| 24 |
$23,346,655 |
$8,598,593
$1,692,632 |
$13,055,430 |
| 25 |
$24,513,710 |
$9,030,403
$1,777,244 |
$13,706,063 |
| 26 |
$25,739,850 |
$9,484,075
$1,866,139 |
$14,389,636 |
| 27 |
$27,026,590 |
$9,960,169
$1,959,428 |
$15,106,993 |
| 28 |
$28,377,970 |
$10,460,179
$2,057,403 |
$15,860,388 |
| 29 |
$29,797,020 |
$10,985,228
$2,160,284 |
$16,651,508 |
| 30 |
$31,286,770 |
$11,536,435
$2,268,291 |
$17,482,044 |
|
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