The jackpot for the MEGA Millions draw on Fri May 1, 2026, is projected to be $178 Million, with an option for a cash payout of $79.6 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 May 1, 2026 |
|---|
| Draw Date | Fri May 1, 2026 | | Projected Jackpot | $178,000,000 | | Cash Value | $79,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $79,600,000 | | Federal Tax(24%) | $19,104,000 | | Additional Federal Tax | $10,308,330 | | State Tax(5%) | $3,980,000 | | Net Lumpsum Payment | $46,207,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,679,078 |
$951,589
$133,954 |
$1,593,535 |
| 2 |
$2,813,112 |
$1,001,182
$140,656 |
$1,671,274 |
| 3 |
$2,953,732 |
$1,053,211
$147,687 |
$1,752,834 |
| 4 |
$3,101,472 |
$1,107,875
$155,074 |
$1,838,523 |
| 5 |
$3,256,510 |
$1,165,239
$162,826 |
$1,928,445 |
| 6 |
$3,419,380 |
$1,225,501
$170,969 |
$2,022,910 |
| 7 |
$3,590,260 |
$1,288,727
$179,513 |
$2,122,020 |
| 8 |
$3,769,862 |
$1,355,179
$188,493 |
$2,226,190 |
| 9 |
$3,958,364 |
$1,424,925
$197,918 |
$2,335,521 |
| 10 |
$4,156,300 |
$1,498,161
$207,815 |
$2,450,324 |
| 11 |
$4,364,026 |
$1,575,020
$218,201 |
$2,570,805 |
| 12 |
$4,582,254 |
$1,655,764
$229,113 |
$2,697,377 |
| 13 |
$4,811,340 |
$1,740,526
$240,567 |
$2,830,247 |
| 14 |
$5,051,996 |
$1,829,569
$252,600 |
$2,969,827 |
| 15 |
$5,304,578 |
$1,923,024
$265,229 |
$3,116,325 |
| 16 |
$5,569,798 |
$2,021,156
$278,490 |
$3,270,152 |
| 17 |
$5,848,190 |
$2,124,161
$292,410 |
$3,431,619 |
| 18 |
$6,140,644 |
$2,232,369
$307,032 |
$3,601,243 |
| 19 |
$6,447,694 |
$2,345,977
$322,385 |
$3,779,332 |
| 20 |
$6,770,052 |
$2,465,250
$338,503 |
$3,966,299 |
| 21 |
$7,108,608 |
$2,590,515
$355,430 |
$4,162,663 |
| 22 |
$7,464,074 |
$2,722,038
$373,204 |
$4,368,832 |
| 23 |
$7,837,162 |
$2,860,080
$391,858 |
$4,585,224 |
| 24 |
$8,229,118 |
$3,005,104
$411,456 |
$4,812,558 |
| 25 |
$8,640,476 |
$3,157,307
$432,024 |
$5,051,145 |
| 26 |
$9,072,660 |
$3,317,215
$453,633 |
$5,301,812 |
| 27 |
$9,526,204 |
$3,485,026
$476,310 |
$5,564,868 |
| 28 |
$10,002,532 |
$3,661,267
$500,127 |
$5,841,138 |
| 29 |
$10,502,712 |
$3,846,334
$525,136 |
$6,131,242 |
| 30 |
$11,027,812 |
$4,040,621
$551,391 |
$6,435,800 |
|
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