The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota MEGA Millions Jackpot/Cash Option for Fri Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(7.25%) | $16,863,500 | | Net Lumpsum Payment | $129,714,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$541,234 |
$4,201,572 |
| 2 |
$7,838,784 |
$2,860,680
$568,312 |
$4,409,792 |
| 3 |
$8,230,624 |
$3,005,661
$596,720 |
$4,628,243 |
| 4 |
$8,642,304 |
$3,157,983
$626,567 |
$4,857,754 |
| 5 |
$9,074,320 |
$3,317,829
$657,888 |
$5,098,603 |
| 6 |
$9,528,160 |
$3,485,750
$690,792 |
$5,351,618 |
| 7 |
$10,004,320 |
$3,661,929
$725,313 |
$5,617,078 |
| 8 |
$10,504,784 |
$3,847,100
$761,597 |
$5,896,087 |
| 9 |
$11,030,048 |
$4,041,448
$799,678 |
$6,188,922 |
| 10 |
$11,581,600 |
$4,245,522
$839,666 |
$6,496,412 |
| 11 |
$12,160,432 |
$4,459,690
$881,631 |
$6,819,111 |
| 12 |
$12,768,528 |
$4,684,686
$925,718 |
$7,158,124 |
| 13 |
$13,406,880 |
$4,920,876
$971,999 |
$7,514,005 |
| 14 |
$14,077,472 |
$5,168,995
$1,020,617 |
$7,887,860 |
| 15 |
$14,781,296 |
$5,429,410
$1,071,644 |
$8,280,242 |
| 16 |
$15,520,336 |
$5,702,855
$1,125,224 |
$8,692,257 |
| 17 |
$16,296,080 |
$5,989,880
$1,181,466 |
$9,124,734 |
| 18 |
$17,111,008 |
$6,291,403
$1,240,548 |
$9,579,057 |
| 19 |
$17,966,608 |
$6,607,975
$1,302,579 |
$10,056,054 |
| 20 |
$18,864,864 |
$6,940,330
$1,367,703 |
$10,556,831 |
| 21 |
$19,808,256 |
$7,289,385
$1,436,099 |
$11,082,772 |
| 22 |
$20,798,768 |
$7,655,875
$1,507,911 |
$11,634,982 |
| 23 |
$21,838,384 |
$8,040,532
$1,583,283 |
$12,214,569 |
| 24 |
$22,930,576 |
$8,444,644
$1,662,467 |
$12,823,465 |
| 25 |
$24,076,832 |
$8,868,758
$1,745,570 |
$13,462,504 |
| 26 |
$25,281,120 |
$9,314,345
$1,832,881 |
$14,133,894 |
| 27 |
$26,544,928 |
$9,781,954
$1,924,507 |
$14,838,467 |
| 28 |
$27,872,224 |
$10,273,053
$2,020,736 |
$15,578,435 |
| 29 |
$29,265,984 |
$10,788,744
$2,121,784 |
$16,355,456 |
| 30 |
$30,729,184 |
$11,330,128
$2,227,866 |
$17,171,190 |
|
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