The jackpot for the MEGA Millions draw on Tue Jun 16, 2026, is projected to be $430 Million, with an option for a cash payout of $191.2 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 Missouri residents, the state will deduct 4% from your lottery earnings.
| Missouri MEGA Millions Jackpot/Cash Option for Tue Jun 16, 2026 |
|---|
| Draw Date | Tue Jun 16, 2026 | | Projected Jackpot | $430,000,000 | | Cash Value | $191,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $191,200,000 | | Federal Tax(24%) | $45,888,000 | | Additional Federal Tax | $24,816,330 | | State Tax(4%) | $7,648,000 | | Net Lumpsum Payment | $112,847,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$6,471,930 |
$2,354,944
$258,877 |
$3,858,109 |
| 2 |
$6,795,720 |
$2,474,747
$271,829 |
$4,049,144 |
| 3 |
$7,135,420 |
$2,600,436
$285,417 |
$4,249,567 |
| 4 |
$7,492,320 |
$2,732,489
$299,693 |
$4,460,138 |
| 5 |
$7,866,850 |
$2,871,065
$314,674 |
$4,681,111 |
| 6 |
$8,260,300 |
$3,016,641
$330,412 |
$4,913,247 |
| 7 |
$8,673,100 |
$3,169,377
$346,924 |
$5,156,799 |
| 8 |
$9,106,970 |
$3,329,909
$364,279 |
$5,412,782 |
| 9 |
$9,562,340 |
$3,498,396
$382,494 |
$5,681,450 |
| 10 |
$10,040,500 |
$3,675,315
$401,620 |
$5,963,565 |
| 11 |
$10,542,310 |
$3,860,985
$421,692 |
$6,259,633 |
| 12 |
$11,069,490 |
$4,056,042
$442,780 |
$6,570,668 |
| 13 |
$11,622,900 |
$4,260,803
$464,916 |
$6,897,181 |
| 14 |
$12,204,260 |
$4,475,907
$488,170 |
$7,240,183 |
| 15 |
$12,814,430 |
$4,701,669
$512,577 |
$7,600,184 |
| 16 |
$13,455,130 |
$4,938,728
$538,205 |
$7,978,197 |
| 17 |
$14,127,650 |
$5,187,561
$565,106 |
$8,374,983 |
| 18 |
$14,834,140 |
$5,448,962
$593,366 |
$8,791,812 |
| 19 |
$15,575,890 |
$5,723,410
$623,036 |
$9,229,444 |
| 20 |
$16,354,620 |
$6,011,540
$654,185 |
$9,688,895 |
| 21 |
$17,172,480 |
$6,314,148
$686,899 |
$10,171,433 |
| 22 |
$18,031,190 |
$6,631,871
$721,248 |
$10,678,071 |
| 23 |
$18,932,470 |
$6,965,344
$757,299 |
$11,209,827 |
| 24 |
$19,879,330 |
$7,315,682
$795,173 |
$11,768,475 |
| 25 |
$20,873,060 |
$7,683,363
$834,922 |
$12,354,775 |
| 26 |
$21,917,100 |
$8,069,657
$876,684 |
$12,970,759 |
| 27 |
$23,012,740 |
$8,475,044
$920,510 |
$13,617,186 |
| 28 |
$24,163,420 |
$8,900,796
$966,537 |
$14,296,087 |
| 29 |
$25,371,720 |
$9,347,867
$1,014,869 |
$15,008,984 |
| 30 |
$26,640,220 |
$9,817,212
$1,065,609 |
$15,757,399 |
|
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