Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Minnesota, your state will take 7.25% 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.

Minnesota MEGA Millions Jackpot/Cash Option for Tue Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(7.25%)	$6,981,750
Net Lumpsum Payment	$53,726,920

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$247,702	$1,944,411
2	$3,587,508	-$1,287,708 -$260,094	$2,039,706
3	$3,766,838	-$1,354,060 -$273,096	$2,139,682
4	$3,955,248	-$1,423,772 -$286,755	$2,244,721
5	$4,152,965	-$1,496,927 -$301,090	$2,354,948
6	$4,360,670	-$1,573,778 -$316,149	$2,470,743
7	$4,578,590	-$1,654,409 -$331,948	$2,592,233
8	$4,807,633	-$1,739,155 -$348,553	$2,719,925
9	$5,048,026	-$1,828,100 -$365,982	$2,853,944
10	$5,300,450	-$1,921,497 -$384,283	$2,994,670
11	$5,565,359	-$2,019,513 -$403,489	$3,142,357
12	$5,843,661	-$2,122,485 -$423,665	$3,297,511
13	$6,135,810	-$2,230,580 -$444,846	$3,460,384
14	$6,442,714	-$2,344,135 -$467,097	$3,631,482
15	$6,764,827	-$2,463,316 -$490,450	$3,811,061
16	$7,103,057	-$2,588,461 -$514,972	$3,999,624
17	$7,458,085	-$2,719,822 -$540,711	$4,197,552
18	$7,831,046	-$2,857,817 -$567,751	$4,405,478
19	$8,222,621	-$3,002,700 -$596,140	$4,623,781
20	$8,633,718	-$3,154,806 -$625,945	$4,852,967
21	$9,065,472	-$3,314,555 -$657,247	$5,093,670
22	$9,518,791	-$3,482,283 -$690,112	$5,346,396
23	$9,994,583	-$3,658,326 -$724,607	$5,611,650
24	$10,494,437	-$3,843,272 -$760,847	$5,890,318
25	$11,019,034	-$4,037,373 -$798,880	$6,182,781
26	$11,570,190	-$4,241,301 -$838,839	$6,490,050
27	$12,148,586	-$4,455,307 -$880,772	$6,812,507
28	$12,756,038	-$4,680,064 -$924,813	$7,151,161
29	$13,393,908	-$4,916,076 -$971,058	$7,506,774
30	$14,063,558	-$5,163,847 -$1,019,608	$7,880,103