Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 12, 2026 is estimated to be $232 Million, with a cash option of 103.8 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts MEGA Millions Jackpot/Cash Option for Tue May 12, 2026

Draw Date	Jackpot	Cash Option
Tue May 12, 2026	$232,000,000	$103,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$103,800,000
Federal Tax(24%)	$24,912,000
Additional Federal Tax	$13,454,330
State Tax(5%)	$5,190,000
Net Lumpsum Payment	$60,243,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,491,832	-$1,252,308 -$174,592	$2,064,932
2	$3,666,528	-$1,316,946 -$183,326	$2,166,256
3	$3,849,808	-$1,384,759 -$192,490	$2,272,559
4	$4,042,368	-$1,456,007 -$202,118	$2,384,243
5	$4,244,440	-$1,530,773 -$212,222	$2,501,445
6	$4,456,720	-$1,609,317 -$222,836	$2,624,567
7	$4,679,440	-$1,691,723 -$233,972	$2,753,745
8	$4,913,528	-$1,778,336 -$245,676	$2,889,516
9	$5,159,216	-$1,869,240 -$257,961	$3,032,015
10	$5,417,200	-$1,964,694 -$270,860	$3,181,646
11	$5,687,944	-$2,064,870 -$284,397	$3,338,677
12	$5,972,376	-$2,170,110 -$298,619	$3,503,647
13	$6,270,960	-$2,280,586 -$313,548	$3,676,826
14	$6,584,624	-$2,396,641 -$329,231	$3,858,752
15	$6,913,832	-$2,518,448 -$345,692	$4,049,692
16	$7,259,512	-$2,646,350 -$362,976	$4,250,186
17	$7,622,360	-$2,780,604 -$381,118	$4,460,638
18	$8,003,536	-$2,921,639 -$400,177	$4,681,720
19	$8,403,736	-$3,069,713 -$420,187	$4,913,836
20	$8,823,888	-$3,225,169 -$441,194	$5,157,525
21	$9,265,152	-$3,388,437 -$463,258	$5,413,457
22	$9,728,456	-$3,559,859 -$486,423	$5,682,174
23	$10,214,728	-$3,739,780 -$510,736	$5,964,212
24	$10,725,592	-$3,928,799 -$536,280	$6,260,513
25	$11,261,744	-$4,127,176 -$563,087	$6,571,481
26	$11,825,040	-$4,335,595 -$591,252	$6,898,193
27	$12,416,176	-$4,554,316 -$620,809	$7,241,051
28	$13,037,008	-$4,784,023 -$651,850	$7,601,135
29	$13,688,928	-$5,025,234 -$684,446	$7,979,248
30	$14,373,328	-$5,278,462 -$718,666	$8,376,200