The jackpot for the MEGA Millions draw on Fri Sep 4, 2026, is projected to be $177 Million, with an option for a cash payout of $76.3 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For those living in California, the bright side is you won't have to pay any state taxes on your lottery prize.
| California MEGA Millions Jackpot/Cash Option for Fri Sep 4, 2026 |
|---|
| Draw Date | Fri Sep 4, 2026 | | Projected Jackpot | $177,000,000 | | Cash Value | $76,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $76,300,000 | | Federal Tax(24%) | $18,312,000 | | Additional Federal Tax | $9,879,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $48,108,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,664,027 |
$946,020
$0 |
$1,718,007 |
| 2 |
$2,797,308 |
$995,334
$0 |
$1,801,974 |
| 3 |
$2,937,138 |
$1,047,071
$0 |
$1,890,067 |
| 4 |
$3,084,048 |
$1,101,428
$0 |
$1,982,620 |
| 5 |
$3,238,215 |
$1,158,470
$0 |
$2,079,745 |
| 6 |
$3,400,170 |
$1,218,393
$0 |
$2,181,777 |
| 7 |
$3,570,090 |
$1,281,264
$0 |
$2,288,826 |
| 8 |
$3,748,683 |
$1,347,343
$0 |
$2,401,340 |
| 9 |
$3,936,126 |
$1,416,697
$0 |
$2,519,429 |
| 10 |
$4,132,950 |
$1,489,522
$0 |
$2,643,428 |
| 11 |
$4,339,509 |
$1,565,949
$0 |
$2,773,560 |
| 12 |
$4,556,511 |
$1,646,239
$0 |
$2,910,272 |
| 13 |
$4,784,310 |
$1,730,525
$0 |
$3,053,785 |
| 14 |
$5,023,614 |
$1,819,068
$0 |
$3,204,546 |
| 15 |
$5,274,777 |
$1,911,998
$0 |
$3,362,779 |
| 16 |
$5,538,507 |
$2,009,578
$0 |
$3,528,929 |
| 17 |
$5,815,335 |
$2,112,004
$0 |
$3,703,331 |
| 18 |
$6,106,146 |
$2,219,604
$0 |
$3,886,542 |
| 19 |
$6,411,471 |
$2,332,575
$0 |
$4,078,896 |
| 20 |
$6,732,018 |
$2,451,177
$0 |
$4,280,841 |
| 21 |
$7,068,672 |
$2,575,739
$0 |
$4,492,933 |
| 22 |
$7,422,141 |
$2,706,523
$0 |
$4,715,618 |
| 23 |
$7,793,133 |
$2,843,790
$0 |
$4,949,343 |
| 24 |
$8,182,887 |
$2,987,999
$0 |
$5,194,888 |
| 25 |
$8,591,934 |
$3,139,346
$0 |
$5,452,588 |
| 26 |
$9,021,690 |
$3,298,356
$0 |
$5,723,334 |
| 27 |
$9,472,686 |
$3,465,224
$0 |
$6,007,462 |
| 28 |
$9,946,338 |
$3,640,475
$0 |
$6,305,863 |
| 29 |
$10,443,708 |
$3,824,502
$0 |
$6,619,206 |
| 30 |
$10,965,858 |
$4,017,698
$0 |
$6,948,160 |
|
|
