The jackpot for the MEGA Millions draw on Fri Jul 3, 2026, is projected to be $542 Million, with an option for a cash payout of $242 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Fri Jul 3, 2026 |
|---|
| Draw Date | Fri Jul 3, 2026 | | Projected Jackpot | $542,000,000 | | Cash Value | $242,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $242,000,000 | | Federal Tax(24%) | $58,080,000 | | Additional Federal Tax | $31,420,330 | | State Tax(10.75%) | $26,015,000 | | Net Lumpsum Payment | $126,484,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$8,157,642 |
$2,978,658
$876,947 |
$4,302,037 |
| 2 |
$8,565,768 |
$3,129,665
$920,820 |
$4,515,283 |
| 3 |
$8,993,948 |
$3,288,091
$966,849 |
$4,739,008 |
| 4 |
$9,443,808 |
$3,454,539
$1,015,209 |
$4,974,060 |
| 5 |
$9,915,890 |
$3,629,210
$1,065,958 |
$5,220,722 |
| 6 |
$10,411,820 |
$3,812,704
$1,119,271 |
$5,479,845 |
| 7 |
$10,932,140 |
$4,005,222
$1,175,205 |
$5,751,713 |
| 8 |
$11,479,018 |
$4,207,567
$1,233,994 |
$6,037,457 |
| 9 |
$12,052,996 |
$4,419,939
$1,295,697 |
$6,337,360 |
| 10 |
$12,655,700 |
$4,642,939
$1,360,488 |
$6,652,273 |
| 11 |
$13,288,214 |
$4,876,970
$1,428,483 |
$6,982,761 |
| 12 |
$13,952,706 |
$5,122,832
$1,499,916 |
$7,329,958 |
| 13 |
$14,650,260 |
$5,380,927
$1,574,903 |
$7,694,430 |
| 14 |
$15,383,044 |
$5,652,057
$1,653,677 |
$8,077,310 |
| 15 |
$16,152,142 |
$5,936,623
$1,736,355 |
$8,479,164 |
| 16 |
$16,959,722 |
$6,235,428
$1,823,170 |
$8,901,124 |
| 17 |
$17,807,410 |
$6,549,072
$1,914,297 |
$9,344,041 |
| 18 |
$18,697,916 |
$6,878,559
$2,010,026 |
$9,809,331 |
| 19 |
$19,632,866 |
$7,224,491
$2,110,533 |
$10,297,842 |
| 20 |
$20,614,428 |
$7,587,669
$2,216,051 |
$10,810,708 |
| 21 |
$21,645,312 |
$7,969,096
$2,326,871 |
$11,349,345 |
| 22 |
$22,727,686 |
$8,369,574
$2,443,226 |
$11,914,886 |
| 23 |
$23,863,718 |
$8,789,906
$2,565,350 |
$12,508,462 |
| 24 |
$25,057,202 |
$9,231,495
$2,693,649 |
$13,132,058 |
| 25 |
$26,309,764 |
$9,694,943
$2,828,300 |
$13,786,521 |
| 26 |
$27,625,740 |
$10,181,854
$2,969,767 |
$14,474,119 |
| 27 |
$29,006,756 |
$10,692,830
$3,118,226 |
$15,195,700 |
| 28 |
$30,457,148 |
$11,229,475
$3,274,143 |
$15,953,530 |
| 29 |
$31,980,168 |
$11,792,993
$3,437,868 |
$16,749,307 |
| 30 |
$33,579,068 |
$12,384,586
$3,609,750 |
$17,584,732 |
|
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