The jackpot for the MEGA Millions draw on Fri Oct 9, 2026, is projected to be $364 Million, with an option for a cash payout of $147.3 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Fri Oct 9, 2026 |
|---|
| Draw Date | Fri Oct 9, 2026 | | Projected Jackpot | $364,000,000 | | Cash Value | $147,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $147,300,000 | | Federal Tax(24%) | $35,352,000 | | Additional Federal Tax | $19,109,330 | | State Tax(4%) | $5,892,000 | | Net Lumpsum Payment | $86,946,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,478,564 |
$1,987,399
$219,143 |
$3,272,022 |
| 2 |
$5,752,656 |
$2,088,813
$230,106 |
$3,433,737 |
| 3 |
$6,040,216 |
$2,195,210
$241,609 |
$3,603,397 |
| 4 |
$6,342,336 |
$2,306,995
$253,693 |
$3,781,648 |
| 5 |
$6,659,380 |
$2,424,301
$266,375 |
$3,968,704 |
| 6 |
$6,992,440 |
$2,547,533
$279,698 |
$4,165,209 |
| 7 |
$7,341,880 |
$2,676,826
$293,675 |
$4,371,379 |
| 8 |
$7,709,156 |
$2,812,718
$308,366 |
$4,588,072 |
| 9 |
$8,094,632 |
$2,955,344
$323,785 |
$4,815,503 |
| 10 |
$8,499,400 |
$3,105,108
$339,976 |
$5,054,316 |
| 11 |
$8,924,188 |
$3,262,280
$356,968 |
$5,304,940 |
| 12 |
$9,370,452 |
$3,427,398
$374,818 |
$5,568,236 |
| 13 |
$9,838,920 |
$3,600,731
$393,557 |
$5,844,632 |
| 14 |
$10,331,048 |
$3,782,818
$413,242 |
$6,134,988 |
| 15 |
$10,847,564 |
$3,973,929
$433,903 |
$6,439,732 |
| 16 |
$11,389,924 |
$4,174,602
$455,597 |
$6,759,725 |
| 17 |
$11,959,220 |
$4,385,242
$478,369 |
$7,095,609 |
| 18 |
$12,557,272 |
$4,606,521
$502,291 |
$7,448,460 |
| 19 |
$13,185,172 |
$4,838,844
$527,407 |
$7,818,921 |
| 20 |
$13,844,376 |
$5,082,750
$553,775 |
$8,207,851 |
| 21 |
$14,536,704 |
$5,338,911
$581,468 |
$8,616,325 |
| 22 |
$15,263,612 |
$5,607,867
$610,544 |
$9,045,201 |
| 23 |
$16,026,556 |
$5,890,156
$641,062 |
$9,495,338 |
| 24 |
$16,828,084 |
$6,186,721
$673,123 |
$9,968,240 |
| 25 |
$17,669,288 |
$6,497,967
$706,772 |
$10,464,549 |
| 26 |
$18,553,080 |
$6,824,970
$742,123 |
$10,985,987 |
| 27 |
$19,480,552 |
$7,168,135
$779,222 |
$11,533,195 |
| 28 |
$20,454,616 |
$7,528,538
$818,185 |
$12,107,893 |
| 29 |
$21,477,456 |
$7,906,989
$859,098 |
$12,711,369 |
| 30 |
$22,551,256 |
$8,304,295
$902,050 |
$13,344,911 |
|
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