The jackpot for the MEGA Millions draw on Fri Oct 23, 2026, is projected to be $433 Million, with an option for a cash payout of $178.6 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 Maine residents, the state will deduct 5% from your lottery earnings.
| Maine MEGA Millions Jackpot/Cash Option for Fri Oct 23, 2026 |
|---|
| Draw Date | Fri Oct 23, 2026 | | Projected Jackpot | $433,000,000 | | Cash Value | $178,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $178,600,000 | | Federal Tax(24%) | $42,864,000 | | Additional Federal Tax | $23,178,330 | | State Tax(5%) | $8,930,000 | | Net Lumpsum Payment | $103,627,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,517,083 |
$2,371,651
$325,854 |
$3,819,578 |
| 2 |
$6,843,132 |
$2,492,289
$342,157 |
$4,008,686 |
| 3 |
$7,185,202 |
$2,618,855
$359,260 |
$4,207,087 |
| 4 |
$7,544,592 |
$2,751,829
$377,230 |
$4,415,533 |
| 5 |
$7,921,735 |
$2,891,372
$396,087 |
$4,634,276 |
| 6 |
$8,317,930 |
$3,037,964
$415,897 |
$4,864,069 |
| 7 |
$8,733,610 |
$3,191,766
$436,681 |
$5,105,163 |
| 8 |
$9,170,507 |
$3,353,418
$458,525 |
$5,358,564 |
| 9 |
$9,629,054 |
$3,523,080
$481,453 |
$5,624,521 |
| 10 |
$10,110,550 |
$3,701,234
$505,528 |
$5,903,788 |
| 11 |
$10,615,861 |
$3,888,199
$530,793 |
$6,196,869 |
| 12 |
$11,146,719 |
$4,084,616
$557,336 |
$6,504,767 |
| 13 |
$11,703,990 |
$4,290,807
$585,200 |
$6,827,983 |
| 14 |
$12,289,406 |
$4,507,411
$614,470 |
$7,167,525 |
| 15 |
$12,903,833 |
$4,734,749
$645,192 |
$7,523,892 |
| 16 |
$13,549,003 |
$4,973,461
$677,450 |
$7,898,092 |
| 17 |
$14,226,215 |
$5,224,030
$711,311 |
$8,290,874 |
| 18 |
$14,937,634 |
$5,487,255
$746,882 |
$8,703,497 |
| 19 |
$15,684,559 |
$5,763,617
$784,228 |
$9,136,714 |
| 20 |
$16,468,722 |
$6,053,758
$823,436 |
$9,591,528 |
| 21 |
$17,292,288 |
$6,358,477
$864,614 |
$10,069,197 |
| 22 |
$18,156,989 |
$6,678,416
$907,849 |
$10,570,724 |
| 23 |
$19,064,557 |
$7,014,216
$953,228 |
$11,097,113 |
| 24 |
$20,018,023 |
$7,366,999
$1,000,901 |
$11,650,123 |
| 25 |
$21,018,686 |
$7,737,244
$1,050,934 |
$12,230,508 |
| 26 |
$22,070,010 |
$8,126,234
$1,103,501 |
$12,840,275 |
| 27 |
$23,173,294 |
$8,534,449
$1,158,665 |
$13,480,180 |
| 28 |
$24,332,002 |
$8,963,171
$1,216,600 |
$14,152,231 |
| 29 |
$25,548,732 |
$9,413,361
$1,277,437 |
$14,857,934 |
| 30 |
$26,826,082 |
$9,885,981
$1,341,304 |
$15,598,797 |
|
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