The jackpot for the MEGA Millions draw on Tue Feb 24, 2026, is projected to be $438 Million, with an option for a cash payout of $203.1 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota MEGA Millions Jackpot/Cash Option for Tue Feb 24, 2026 |
|---|
| Draw Date | Tue Feb 24, 2026 | | Projected Jackpot | $438,000,000 | | Cash Value | $203,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $203,100,000 | | Federal Tax(24%) | $48,744,000 | | Additional Federal Tax | $26,363,330 | | State Tax(7.25%) | $14,724,750 | | Net Lumpsum Payment | $113,267,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,592,338 |
$2,399,495
$477,945 |
$3,714,898 |
| 2 |
$6,922,152 |
$2,521,527
$501,856 |
$3,898,769 |
| 3 |
$7,268,172 |
$2,649,554
$526,942 |
$4,091,676 |
| 4 |
$7,631,712 |
$2,784,064
$553,299 |
$4,294,349 |
| 5 |
$8,013,210 |
$2,925,218
$580,958 |
$4,507,034 |
| 6 |
$8,413,980 |
$3,073,503
$610,014 |
$4,730,463 |
| 7 |
$8,834,460 |
$3,229,081
$640,498 |
$4,964,881 |
| 8 |
$9,276,402 |
$3,392,599
$672,539 |
$5,211,264 |
| 9 |
$9,740,244 |
$3,564,221
$706,168 |
$5,469,855 |
| 10 |
$10,227,300 |
$3,744,431
$741,479 |
$5,741,390 |
| 11 |
$10,738,446 |
$3,933,555
$778,537 |
$6,026,354 |
| 12 |
$11,275,434 |
$4,132,241
$817,469 |
$6,325,724 |
| 13 |
$11,839,140 |
$4,340,812
$858,338 |
$6,639,990 |
| 14 |
$12,431,316 |
$4,559,917
$901,270 |
$6,970,129 |
| 15 |
$13,052,838 |
$4,789,880
$946,331 |
$7,316,627 |
| 16 |
$13,705,458 |
$5,031,350
$993,646 |
$7,680,462 |
| 17 |
$14,390,490 |
$5,284,812
$1,043,311 |
$8,062,367 |
| 18 |
$15,110,124 |
$5,551,076
$1,095,484 |
$8,463,564 |
| 19 |
$15,865,674 |
$5,830,630
$1,150,261 |
$8,884,783 |
| 20 |
$16,658,892 |
$6,124,120
$1,207,770 |
$9,327,002 |
| 21 |
$17,491,968 |
$6,432,359
$1,268,168 |
$9,791,441 |
| 22 |
$18,366,654 |
$6,755,992
$1,331,582 |
$10,279,080 |
| 23 |
$19,284,702 |
$7,095,670
$1,398,141 |
$10,790,891 |
| 24 |
$20,249,178 |
$7,452,526
$1,468,065 |
$11,328,587 |
| 25 |
$21,261,396 |
$7,827,047
$1,541,451 |
$11,892,898 |
| 26 |
$22,324,860 |
$8,220,529
$1,618,552 |
$12,485,779 |
| 27 |
$23,440,884 |
$8,633,457
$1,699,464 |
$13,107,963 |
| 28 |
$24,612,972 |
$9,067,130
$1,784,440 |
$13,761,402 |
| 29 |
$25,843,752 |
$9,522,519
$1,873,672 |
$14,447,561 |
| 30 |
$27,135,852 |
$10,000,596
$1,967,349 |
$15,167,907 |
|
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