The jackpot for the MEGA Millions draw on Tue Nov 10, 2026, is projected to be $529 Million, with an option for a cash payout of $224.2 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 those living in South Dakota, the bright side is you won't have to pay any state taxes on your lottery prize.
| South Dakota MEGA Millions Jackpot/Cash Option for Tue Nov 10, 2026 |
|---|
| Draw Date | Tue Nov 10, 2026 | | Projected Jackpot | $529,000,000 | | Cash Value | $224,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $224,200,000 | | Federal Tax(24%) | $53,808,000 | | Additional Federal Tax | $29,106,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $141,285,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$7,961,979 |
$2,906,263
$0 |
$5,055,716 |
| 2 |
$8,360,316 |
$3,053,647
$0 |
$5,306,669 |
| 3 |
$8,778,226 |
$3,208,274
$0 |
$5,569,952 |
| 4 |
$9,217,296 |
$3,370,730
$0 |
$5,846,566 |
| 5 |
$9,678,055 |
$3,541,211
$0 |
$6,136,844 |
| 6 |
$10,162,090 |
$3,720,304
$0 |
$6,441,786 |
| 7 |
$10,669,930 |
$3,908,204
$0 |
$6,761,726 |
| 8 |
$11,203,691 |
$4,105,696
$0 |
$7,097,995 |
| 9 |
$11,763,902 |
$4,312,974
$0 |
$7,450,928 |
| 10 |
$12,352,150 |
$4,530,626
$0 |
$7,821,524 |
| 11 |
$12,969,493 |
$4,759,043
$0 |
$8,210,450 |
| 12 |
$13,618,047 |
$4,999,008
$0 |
$8,619,039 |
| 13 |
$14,298,870 |
$5,250,912
$0 |
$9,047,958 |
| 14 |
$15,014,078 |
$5,515,539
$0 |
$9,498,539 |
| 15 |
$15,764,729 |
$5,793,280
$0 |
$9,971,449 |
| 16 |
$16,552,939 |
$6,084,918
$0 |
$10,468,021 |
| 17 |
$17,380,295 |
$6,391,040
$0 |
$10,989,255 |
| 18 |
$18,249,442 |
$6,712,624
$0 |
$11,536,818 |
| 19 |
$19,161,967 |
$7,050,258
$0 |
$12,111,709 |
| 20 |
$20,119,986 |
$7,404,725
$0 |
$12,715,261 |
| 21 |
$21,126,144 |
$7,777,004
$0 |
$13,349,140 |
| 22 |
$22,182,557 |
$8,167,876
$0 |
$14,014,681 |
| 23 |
$23,291,341 |
$8,578,127
$0 |
$14,713,214 |
| 24 |
$24,456,199 |
$9,009,124
$0 |
$15,447,075 |
| 25 |
$25,678,718 |
$9,461,456
$0 |
$16,217,262 |
| 26 |
$26,963,130 |
$9,936,688
$0 |
$17,026,442 |
| 27 |
$28,311,022 |
$10,435,409
$0 |
$17,875,613 |
| 28 |
$29,726,626 |
$10,959,182
$0 |
$18,767,444 |
| 29 |
$31,213,116 |
$11,509,183
$0 |
$19,703,933 |
| 30 |
$32,773,666 |
$12,086,587
$0 |
$20,687,079 |
|
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