The jackpot for the MEGA Millions draw on Fri Jun 26, 2026, is projected to be $489 Million, with an option for a cash payout of $220.9 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 Massachusetts residents, the state will deduct 5% from your lottery earnings.
| Massachusetts MEGA Millions Jackpot/Cash Option for Fri Jun 26, 2026 |
|---|
| Draw Date | Fri Jun 26, 2026 | | Projected Jackpot | $489,000,000 | | Cash Value | $220,900,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $220,900,000 | | Federal Tax(24%) | $53,016,000 | | Additional Federal Tax | $28,677,330 | | State Tax(5%) | $11,045,000 | | Net Lumpsum Payment | $128,161,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,359,939 |
$2,683,508
$367,997 |
$4,308,434 |
| 2 |
$7,728,156 |
$2,819,748
$386,408 |
$4,522,000 |
| 3 |
$8,114,466 |
$2,962,683
$405,723 |
$4,746,060 |
| 4 |
$8,520,336 |
$3,112,855
$426,017 |
$4,981,464 |
| 5 |
$8,946,255 |
$3,270,445
$447,313 |
$5,228,497 |
| 6 |
$9,393,690 |
$3,435,996
$469,685 |
$5,488,009 |
| 7 |
$9,863,130 |
$3,609,688
$493,157 |
$5,760,285 |
| 8 |
$10,356,531 |
$3,792,247
$517,827 |
$6,046,457 |
| 9 |
$10,874,382 |
$3,983,852
$543,719 |
$6,346,811 |
| 10 |
$11,418,150 |
$4,185,046
$570,908 |
$6,662,196 |
| 11 |
$11,988,813 |
$4,396,191
$599,441 |
$6,993,181 |
| 12 |
$12,588,327 |
$4,618,011
$629,416 |
$7,340,900 |
| 13 |
$13,217,670 |
$4,850,868
$660,884 |
$7,705,918 |
| 14 |
$13,878,798 |
$5,095,486
$693,940 |
$8,089,372 |
| 15 |
$14,572,689 |
$5,352,225
$728,634 |
$8,491,830 |
| 16 |
$15,301,299 |
$5,621,811
$765,065 |
$8,914,423 |
| 17 |
$16,066,095 |
$5,904,786
$803,305 |
$9,358,004 |
| 18 |
$16,869,522 |
$6,202,054
$843,476 |
$9,823,992 |
| 19 |
$17,713,047 |
$6,514,158
$885,652 |
$10,313,237 |
| 20 |
$18,598,626 |
$6,841,822
$929,931 |
$10,826,873 |
| 21 |
$19,528,704 |
$7,185,951
$976,435 |
$11,366,318 |
| 22 |
$20,505,237 |
$7,547,268
$1,025,262 |
$11,932,707 |
| 23 |
$21,530,181 |
$7,926,497
$1,076,509 |
$12,527,175 |
| 24 |
$22,606,959 |
$8,324,905
$1,130,348 |
$13,151,706 |
| 25 |
$23,737,038 |
$8,743,034
$1,186,852 |
$13,807,152 |
| 26 |
$24,924,330 |
$9,182,332
$1,246,217 |
$14,495,781 |
| 27 |
$26,170,302 |
$9,643,342
$1,308,515 |
$15,218,445 |
| 28 |
$27,478,866 |
$10,127,511
$1,373,943 |
$15,977,412 |
| 29 |
$28,852,956 |
$10,635,924
$1,442,648 |
$16,774,384 |
| 30 |
$30,295,506 |
$11,169,668
$1,514,775 |
$17,611,063 |
|
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