Missouri Lottery

MOLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 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 Missouri, your state will take 4% 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.

Missouri MEGA Millions Jackpot/Cash Option for Tue Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(4%)	$8,440,000
Net Lumpsum Payment	$124,529,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$281,153	$4,186,671
2	$7,380,468	-$2,691,104 -$295,219	$4,394,145
3	$7,749,398	-$2,827,608 -$309,976	$4,611,814
4	$8,137,008	-$2,971,023 -$325,480	$4,840,505
5	$8,543,765	-$3,121,523 -$341,751	$5,080,491
6	$8,971,070	-$3,279,626 -$358,843	$5,332,601
7	$9,419,390	-$3,445,505 -$376,776	$5,597,109
8	$9,890,593	-$3,619,850 -$395,624	$5,875,119
9	$10,385,146	-$3,802,834 -$415,406	$6,166,906
10	$10,904,450	-$3,994,977 -$436,178	$6,473,295
11	$11,449,439	-$4,196,623 -$457,978	$6,794,838
12	$12,021,981	-$4,408,463 -$480,879	$7,132,639
13	$12,623,010	-$4,630,844 -$504,920	$7,487,246
14	$13,254,394	-$4,864,456 -$530,176	$7,859,762
15	$13,917,067	-$5,109,645 -$556,683	$8,250,739
16	$14,612,897	-$5,367,102 -$584,516	$8,661,279
17	$15,343,285	-$5,637,346 -$613,731	$9,092,208
18	$16,110,566	-$5,921,240 -$644,423	$9,544,903
19	$16,916,141	-$6,219,303 -$676,646	$10,020,192
20	$17,761,878	-$6,532,225 -$710,475	$10,519,178
21	$18,650,112	-$6,860,872 -$746,004	$11,043,236
22	$19,582,711	-$7,205,933 -$783,308	$11,593,470
23	$20,561,543	-$7,568,101 -$822,462	$12,170,980
24	$21,589,877	-$7,948,585 -$863,595	$12,777,697
25	$22,669,114	-$8,347,903 -$906,765	$13,414,446
26	$23,802,990	-$8,767,437 -$952,120	$14,083,433
27	$24,992,906	-$9,207,706 -$999,716	$14,785,484
28	$26,242,598	-$9,670,092 -$1,049,704	$15,522,802
29	$27,554,868	-$10,155,632 -$1,102,195	$16,297,041
30	$28,932,518	-$10,665,362 -$1,157,301	$17,109,855