The jackpot for the MEGA Millions draw on Tue May 5, 2026, is projected to be $195 Million, with an option for a cash payout of $86.3 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Tue May 5, 2026 |
|---|
| Draw Date | Tue May 5, 2026 | | Projected Jackpot | $195,000,000 | | Cash Value | $86,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $86,300,000 | | Federal Tax(24%) | $20,712,000 | | Additional Federal Tax | $11,179,330 | | State Tax(10.75%) | $9,277,250 | | Net Lumpsum Payment | $45,131,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,934,945 |
$1,046,260
$315,507 |
$1,573,178 |
| 2 |
$3,081,780 |
$1,100,589
$331,291 |
$1,649,900 |
| 3 |
$3,235,830 |
$1,157,587
$347,852 |
$1,730,391 |
| 4 |
$3,397,680 |
$1,217,472
$365,251 |
$1,814,957 |
| 5 |
$3,567,525 |
$1,280,315
$383,509 |
$1,903,701 |
| 6 |
$3,745,950 |
$1,346,332
$402,690 |
$1,996,928 |
| 7 |
$3,933,150 |
$1,415,596
$422,814 |
$2,094,740 |
| 8 |
$4,129,905 |
$1,488,395
$443,965 |
$2,197,545 |
| 9 |
$4,336,410 |
$1,564,802
$466,164 |
$2,305,444 |
| 10 |
$4,553,250 |
$1,645,033
$489,474 |
$2,418,743 |
| 11 |
$4,780,815 |
$1,729,232
$513,938 |
$2,537,645 |
| 12 |
$5,019,885 |
$1,817,688
$539,638 |
$2,662,559 |
| 13 |
$5,270,850 |
$1,910,545
$566,616 |
$2,793,689 |
| 14 |
$5,534,490 |
$2,008,092
$594,958 |
$2,931,440 |
| 15 |
$5,811,195 |
$2,110,473
$624,703 |
$3,076,019 |
| 16 |
$6,101,745 |
$2,217,976
$655,938 |
$3,227,831 |
| 17 |
$6,406,725 |
$2,330,819
$688,723 |
$3,387,183 |
| 18 |
$6,727,110 |
$2,449,361
$723,164 |
$3,554,585 |
| 19 |
$7,063,485 |
$2,573,820
$759,325 |
$3,730,340 |
| 20 |
$7,416,630 |
$2,704,483
$797,288 |
$3,914,859 |
| 21 |
$7,787,520 |
$2,841,713
$837,158 |
$4,108,649 |
| 22 |
$8,176,935 |
$2,985,796
$879,021 |
$4,312,118 |
| 23 |
$8,585,655 |
$3,137,023
$922,958 |
$4,525,674 |
| 24 |
$9,015,045 |
$3,295,897
$969,117 |
$4,750,031 |
| 25 |
$9,465,690 |
$3,462,636
$1,017,562 |
$4,985,492 |
| 26 |
$9,939,150 |
$3,637,816
$1,068,459 |
$5,232,875 |
| 27 |
$10,436,010 |
$3,821,654
$1,121,871 |
$5,492,485 |
| 28 |
$10,957,830 |
$4,014,727
$1,177,967 |
$5,765,136 |
| 29 |
$11,505,780 |
$4,217,469
$1,236,871 |
$6,051,440 |
| 30 |
$12,081,030 |
$4,430,311
$1,298,711 |
$6,352,008 |
|
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