Maine Lottery

MELottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 27, 2026 is estimated to be $285 Million, with a cash option of 128.6 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 Maine, 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.

Maine MEGA Millions Jackpot/Cash Option for Tue Jan 27, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 27, 2026	$285,000,000	$128,600,000

Lumpsum Option Taxes and Payment

Category	Amount
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

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,289,535	-$1,547,458 -$214,477	$2,527,600
2	$4,504,140	-$1,626,862 -$225,207	$2,652,071
3	$4,729,290	-$1,710,168 -$236,465	$2,782,657
4	$4,965,840	-$1,797,691 -$248,292	$2,919,857
5	$5,214,075	-$1,889,538 -$260,704	$3,063,833
6	$5,474,850	-$1,986,025 -$273,743	$3,215,082
7	$5,748,450	-$2,087,257 -$287,423	$3,373,770
8	$6,036,015	-$2,193,656 -$301,801	$3,540,558
9	$6,337,830	-$2,305,327 -$316,892	$3,715,611
10	$6,654,750	-$2,422,588 -$332,738	$3,899,424
11	$6,987,345	-$2,545,648 -$349,367	$4,092,330
12	$7,336,755	-$2,674,930 -$366,838	$4,294,987
13	$7,703,550	-$2,810,644 -$385,178	$4,507,728
14	$8,088,870	-$2,953,212 -$404,444	$4,731,214
15	$8,493,285	-$3,102,846 -$424,664	$4,965,775
16	$8,917,935	-$3,259,966 -$445,897	$5,212,072
17	$9,363,675	-$3,424,890 -$468,184	$5,470,601
18	$9,831,930	-$3,598,144 -$491,597	$5,742,189
19	$10,323,555	-$3,780,046 -$516,178	$6,027,331
20	$10,839,690	-$3,971,016 -$541,985	$6,326,689
21	$11,381,760	-$4,171,582 -$569,088	$6,641,090
22	$11,950,905	-$4,382,165 -$597,545	$6,971,195
23	$12,548,265	-$4,603,188 -$627,413	$7,317,664
24	$13,175,835	-$4,835,389 -$658,792	$7,681,654
25	$13,834,470	-$5,079,084 -$691,724	$8,063,662
26	$14,526,450	-$5,335,117 -$726,323	$8,465,010
27	$15,252,630	-$5,603,803 -$762,632	$8,886,195
28	$16,015,290	-$5,885,988 -$800,765	$9,328,537
29	$16,816,140	-$6,182,302 -$840,807	$9,793,031
30	$17,656,890	-$6,493,380 -$882,845	$10,280,665