The jackpot for the MEGA Millions draw on Fri Mar 6, 2026, is projected to be $496 Million, with an option for a cash payout of $232.6 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 Mar 6, 2026 |
|---|
| Draw Date | Fri Mar 6, 2026 | | Projected Jackpot | $496,000,000 | | Cash Value | $232,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $232,600,000 | | Federal Tax(24%) | $55,824,000 | | Additional Federal Tax | $30,198,330 | | State Tax(5%) | $11,630,000 | | Net Lumpsum Payment | $134,947,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,465,296 |
$2,722,490
$373,265 |
$4,369,541 |
| 2 |
$7,838,784 |
$2,860,680
$391,939 |
$4,586,165 |
| 3 |
$8,230,624 |
$3,005,661
$411,531 |
$4,813,432 |
| 4 |
$8,642,304 |
$3,157,983
$432,115 |
$5,052,206 |
| 5 |
$9,074,320 |
$3,317,829
$453,716 |
$5,302,775 |
| 6 |
$9,528,160 |
$3,485,750
$476,408 |
$5,566,002 |
| 7 |
$10,004,320 |
$3,661,929
$500,216 |
$5,842,175 |
| 8 |
$10,504,784 |
$3,847,100
$525,239 |
$6,132,445 |
| 9 |
$11,030,048 |
$4,041,448
$551,502 |
$6,437,098 |
| 10 |
$11,581,600 |
$4,245,522
$579,080 |
$6,756,998 |
| 11 |
$12,160,432 |
$4,459,690
$608,022 |
$7,092,720 |
| 12 |
$12,768,528 |
$4,684,686
$638,426 |
$7,445,416 |
| 13 |
$13,406,880 |
$4,920,876
$670,344 |
$7,815,660 |
| 14 |
$14,077,472 |
$5,168,995
$703,874 |
$8,204,603 |
| 15 |
$14,781,296 |
$5,429,410
$739,065 |
$8,612,821 |
| 16 |
$15,520,336 |
$5,702,855
$776,017 |
$9,041,464 |
| 17 |
$16,296,080 |
$5,989,880
$814,804 |
$9,491,396 |
| 18 |
$17,111,008 |
$6,291,403
$855,550 |
$9,964,055 |
| 19 |
$17,966,608 |
$6,607,975
$898,330 |
$10,460,303 |
| 20 |
$18,864,864 |
$6,940,330
$943,243 |
$10,981,291 |
| 21 |
$19,808,256 |
$7,289,385
$990,413 |
$11,528,458 |
| 22 |
$20,798,768 |
$7,655,875
$1,039,938 |
$12,102,955 |
| 23 |
$21,838,384 |
$8,040,532
$1,091,919 |
$12,705,933 |
| 24 |
$22,930,576 |
$8,444,644
$1,146,529 |
$13,339,403 |
| 25 |
$24,076,832 |
$8,868,758
$1,203,842 |
$14,004,232 |
| 26 |
$25,281,120 |
$9,314,345
$1,264,056 |
$14,702,719 |
| 27 |
$26,544,928 |
$9,781,954
$1,327,246 |
$15,435,728 |
| 28 |
$27,872,224 |
$10,273,053
$1,393,611 |
$16,205,560 |
| 29 |
$29,265,984 |
$10,788,744
$1,463,299 |
$17,013,941 |
| 30 |
$30,729,184 |
$11,330,128
$1,536,459 |
$17,862,597 |
|
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