Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 2, 2026 is estimated to be $346 Million, with a cash option of 153.8 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 Mississippi, 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.

Mississippi MEGA Millions Jackpot/Cash Option for Tue Jun 2, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 2, 2026	$346,000,000	$153,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$153,800,000
Federal Tax(24%)	$36,912,000
Additional Federal Tax	$19,954,330
State Tax(5%)	$7,690,000
Net Lumpsum Payment	$89,243,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,207,646	-$1,887,159 -$260,382	$3,060,105
2	$5,468,184	-$1,983,558 -$273,409	$3,211,217
3	$5,741,524	-$2,084,694 -$287,076	$3,369,754
4	$6,028,704	-$2,190,951 -$301,435	$3,536,318
5	$6,330,070	-$2,302,456 -$316,504	$3,711,110
6	$6,646,660	-$2,419,595 -$332,333	$3,894,732
7	$6,978,820	-$2,542,494 -$348,941	$4,087,385
8	$7,327,934	-$2,671,666 -$366,397	$4,289,871
9	$7,694,348	-$2,807,239 -$384,717	$4,502,392
10	$8,079,100	-$2,949,597 -$403,955	$4,725,548
11	$8,482,882	-$3,098,997 -$424,144	$4,959,741
12	$8,907,078	-$3,255,949 -$445,354	$5,205,775
13	$9,352,380	-$3,420,711 -$467,619	$5,464,050
14	$9,820,172	-$3,593,794 -$491,009	$5,735,369
15	$10,311,146	-$3,775,454 -$515,557	$6,020,135
16	$10,826,686	-$3,966,204 -$541,334	$6,319,148
17	$11,367,830	-$4,166,427 -$568,392	$6,633,011
18	$11,936,308	-$4,376,764 -$596,815	$6,962,729
19	$12,533,158	-$4,597,599 -$626,658	$7,308,901
20	$13,159,764	-$4,829,443 -$657,988	$7,672,333
21	$13,817,856	-$5,072,937 -$690,893	$8,054,026
22	$14,508,818	-$5,328,593 -$725,441	$8,454,784
23	$15,234,034	-$5,596,923 -$761,702	$8,875,409
24	$15,995,926	-$5,878,823 -$799,796	$9,317,307
25	$16,795,532	-$6,174,677 -$839,777	$9,781,078
26	$17,635,620	-$6,485,510 -$881,781	$10,268,329
27	$18,517,228	-$6,811,705 -$925,861	$10,779,662
28	$19,443,124	-$7,154,286 -$972,156	$11,316,682
29	$20,415,384	-$7,514,022 -$1,020,769	$11,880,593
30	$21,436,084	-$7,891,681 -$1,071,804	$12,472,599