The jackpot for the MEGA Millions draw on Fri Apr 24, 2026, is projected to be $150 Million, with an option for a cash payout of $67.3 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 Tennessee, the bright side is you won't have to pay any state taxes on your lottery prize.
| Tennessee MEGA Millions Jackpot/Cash Option for Fri Apr 24, 2026 |
|---|
| Draw Date | Fri Apr 24, 2026 | | Projected Jackpot | $150,000,000 | | Cash Value | $67,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $67,300,000 | | Federal Tax(24%) | $16,152,000 | | Additional Federal Tax | $8,709,330 | | State Tax(0%) | $0 | | Net Lumpsum Payment | $42,438,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,257,650 |
$795,661
$0 |
$1,461,989 |
| 2 |
$2,370,600 |
$837,452
$0 |
$1,533,148 |
| 3 |
$2,489,100 |
$881,297
$0 |
$1,607,803 |
| 4 |
$2,613,600 |
$927,362
$0 |
$1,686,238 |
| 5 |
$2,744,250 |
$975,703
$0 |
$1,768,547 |
| 6 |
$2,881,500 |
$1,026,485
$0 |
$1,855,015 |
| 7 |
$3,025,500 |
$1,079,765
$0 |
$1,945,735 |
| 8 |
$3,176,850 |
$1,135,765
$0 |
$2,041,085 |
| 9 |
$3,335,700 |
$1,194,539
$0 |
$2,141,161 |
| 10 |
$3,502,500 |
$1,256,255
$0 |
$2,246,245 |
| 11 |
$3,677,550 |
$1,321,024
$0 |
$2,356,526 |
| 12 |
$3,861,450 |
$1,389,067
$0 |
$2,472,383 |
| 13 |
$4,054,500 |
$1,460,495
$0 |
$2,594,005 |
| 14 |
$4,257,300 |
$1,535,531
$0 |
$2,721,769 |
| 15 |
$4,470,150 |
$1,614,286
$0 |
$2,855,864 |
| 16 |
$4,693,650 |
$1,696,981
$0 |
$2,996,669 |
| 17 |
$4,928,250 |
$1,783,783
$0 |
$3,144,467 |
| 18 |
$5,174,700 |
$1,874,969
$0 |
$3,299,731 |
| 19 |
$5,433,450 |
$1,970,707
$0 |
$3,462,743 |
| 20 |
$5,705,100 |
$2,071,217
$0 |
$3,633,883 |
| 21 |
$5,990,400 |
$2,176,778
$0 |
$3,813,622 |
| 22 |
$6,289,950 |
$2,287,612
$0 |
$4,002,338 |
| 23 |
$6,604,350 |
$2,403,940
$0 |
$4,200,410 |
| 24 |
$6,934,650 |
$2,526,151
$0 |
$4,408,499 |
| 25 |
$7,281,300 |
$2,654,411
$0 |
$4,626,889 |
| 26 |
$7,645,500 |
$2,789,165
$0 |
$4,856,335 |
| 27 |
$8,027,700 |
$2,930,579
$0 |
$5,097,121 |
| 28 |
$8,429,100 |
$3,079,097
$0 |
$5,350,003 |
| 29 |
$8,850,600 |
$3,235,052
$0 |
$5,615,548 |
| 30 |
$9,293,100 |
$3,398,777
$0 |
$5,894,323 |
|
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