The jackpot for the MEGA Millions draw on Fri May 22, 2026, is projected to be $296 Million, with an option for a cash payout of $128.6 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Fri May 22, 2026 |
|---|
| Draw Date | Fri May 22, 2026 | | Projected Jackpot | $296,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(10.75%) | $13,824,500 | | Net Lumpsum Payment | $67,233,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,455,096 |
$1,608,716
$478,923 |
$2,367,457 |
| 2 |
$4,677,984 |
$1,691,184
$502,883 |
$2,483,917 |
| 3 |
$4,911,824 |
$1,777,705
$528,021 |
$2,606,098 |
| 4 |
$5,157,504 |
$1,868,607
$554,432 |
$2,734,465 |
| 5 |
$5,415,320 |
$1,963,999
$582,147 |
$2,869,174 |
| 6 |
$5,686,160 |
$2,064,210
$611,262 |
$3,010,688 |
| 7 |
$5,970,320 |
$2,169,349
$641,809 |
$3,159,162 |
| 8 |
$6,268,984 |
$2,279,854
$673,916 |
$3,315,214 |
| 9 |
$6,582,448 |
$2,395,836
$707,613 |
$3,478,999 |
| 10 |
$6,911,600 |
$2,517,622
$742,997 |
$3,650,981 |
| 11 |
$7,257,032 |
$2,645,432
$780,131 |
$3,831,469 |
| 12 |
$7,619,928 |
$2,779,704
$819,142 |
$4,021,082 |
| 13 |
$8,000,880 |
$2,920,656
$860,095 |
$4,220,129 |
| 14 |
$8,401,072 |
$3,068,727
$903,115 |
$4,429,230 |
| 15 |
$8,821,096 |
$3,224,136
$948,268 |
$4,648,692 |
| 16 |
$9,262,136 |
$3,387,321
$995,680 |
$4,879,135 |
| 17 |
$9,725,080 |
$3,558,610
$1,045,446 |
$5,121,024 |
| 18 |
$10,211,408 |
$3,738,551
$1,097,726 |
$5,375,131 |
| 19 |
$10,722,008 |
$3,927,473
$1,152,616 |
$5,641,919 |
| 20 |
$11,258,064 |
$4,125,814
$1,210,242 |
$5,922,008 |
| 21 |
$11,821,056 |
$4,334,121
$1,270,764 |
$6,216,171 |
| 22 |
$12,412,168 |
$4,552,833
$1,334,308 |
$6,525,027 |
| 23 |
$13,032,584 |
$4,782,386
$1,401,003 |
$6,849,195 |
| 24 |
$13,684,376 |
$5,023,550
$1,471,070 |
$7,189,756 |
| 25 |
$14,368,432 |
$5,276,650
$1,544,606 |
$7,547,176 |
| 26 |
$15,087,120 |
$5,542,565
$1,621,865 |
$7,922,690 |
| 27 |
$15,841,328 |
$5,821,622
$1,702,943 |
$8,316,763 |
| 28 |
$16,633,424 |
$6,114,697
$1,788,093 |
$8,730,634 |
| 29 |
$17,465,184 |
$6,422,448
$1,877,507 |
$9,165,229 |
| 30 |
$18,338,384 |
$6,745,532
$1,971,376 |
$9,621,476 |
|
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