Minnesota Lottery

MNLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(7.25%)	$13,521,250
Net Lumpsum Payment	$104,013,420

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$483,400	$3,756,853
2	$7,001,172	-$2,550,764 -$507,585	$3,942,823
3	$7,351,142	-$2,680,253 -$532,958	$4,137,931
4	$7,718,832	-$2,816,298 -$559,615	$4,342,919
5	$8,104,685	-$2,959,064 -$587,590	$4,558,031
6	$8,510,030	-$3,109,041 -$616,977	$4,784,012
7	$8,935,310	-$3,266,395 -$647,810	$5,021,105
8	$9,382,297	-$3,431,780 -$680,217	$5,270,300
9	$9,851,434	-$3,605,361 -$714,229	$5,531,844
10	$10,344,050	-$3,787,629 -$749,944	$5,806,477
11	$10,861,031	-$3,978,912 -$787,425	$6,094,694
12	$11,404,149	-$4,179,866 -$826,801	$6,397,482
13	$11,974,290	-$4,390,818 -$868,136	$6,715,336
14	$12,573,226	-$4,612,424 -$911,559	$7,049,243
15	$13,201,843	-$4,845,012 -$957,134	$7,399,697
16	$13,861,913	-$5,089,238 -$1,004,989	$7,767,686
17	$14,554,765	-$5,345,593 -$1,055,220	$8,153,952
18	$15,282,614	-$5,614,898 -$1,107,990	$8,559,726
19	$16,046,789	-$5,897,642 -$1,163,392	$8,985,755
20	$16,849,062	-$6,194,483 -$1,221,557	$9,433,022
21	$17,691,648	-$6,506,240 -$1,282,644	$9,902,764
22	$18,576,319	-$6,833,568 -$1,346,783	$10,395,968
23	$19,504,847	-$7,177,124 -$1,414,101	$10,913,622
24	$20,480,333	-$7,538,054 -$1,484,824	$11,457,455
25	$21,504,106	-$7,916,850 -$1,559,048	$12,028,208
26	$22,579,710	-$8,314,823 -$1,637,029	$12,627,858
27	$23,708,474	-$8,732,466 -$1,718,864	$13,257,144
28	$24,893,942	-$9,171,089 -$1,804,811	$13,918,042
29	$26,138,772	-$9,631,676 -$1,895,061	$14,612,035
30	$27,445,622	-$10,115,211 -$1,989,808	$15,340,603