The jackpot for the MEGA Millions draw on Fri Jan 30, 2026, is projected to be $303 Million, with an option for a cash payout of $136.7 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 Fri Jan 30, 2026 |
|---|
| Draw Date | Fri Jan 30, 2026 | | Projected Jackpot | $303,000,000 | | Cash Value | $136,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,700,000 | | Federal Tax(24%) | $32,808,000 | | Additional Federal Tax | $17,731,330 | | State Tax(7.25%) | $9,910,750 | | Net Lumpsum Payment | $76,249,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,560,453 |
$1,647,698
$330,633 |
$2,582,122 |
| 2 |
$4,788,612 |
$1,732,117
$347,174 |
$2,709,321 |
| 3 |
$5,027,982 |
$1,820,684
$364,529 |
$2,842,769 |
| 4 |
$5,279,472 |
$1,913,735
$382,762 |
$2,982,975 |
| 5 |
$5,543,385 |
$2,011,383
$401,895 |
$3,130,107 |
| 6 |
$5,820,630 |
$2,113,963
$421,996 |
$3,284,671 |
| 7 |
$6,111,510 |
$2,221,589
$443,084 |
$3,446,837 |
| 8 |
$6,417,237 |
$2,334,708
$465,250 |
$3,617,279 |
| 9 |
$6,738,114 |
$2,453,433
$488,513 |
$3,796,168 |
| 10 |
$7,075,050 |
$2,578,099
$512,941 |
$3,984,010 |
| 11 |
$7,428,651 |
$2,708,931
$538,577 |
$4,181,143 |
| 12 |
$7,800,129 |
$2,846,378
$565,509 |
$4,388,242 |
| 13 |
$8,190,090 |
$2,990,664
$593,782 |
$4,605,644 |
| 14 |
$8,599,746 |
$3,142,236
$623,482 |
$4,834,028 |
| 15 |
$9,029,703 |
$3,301,320
$654,653 |
$5,073,730 |
| 16 |
$9,481,173 |
$3,468,364
$687,385 |
$5,325,424 |
| 17 |
$9,955,065 |
$3,643,704
$721,742 |
$5,589,619 |
| 18 |
$10,452,894 |
$3,827,901
$757,835 |
$5,867,158 |
| 19 |
$10,975,569 |
$4,021,291
$795,729 |
$6,158,549 |
| 20 |
$11,524,302 |
$4,224,322
$835,512 |
$6,464,468 |
| 21 |
$12,100,608 |
$4,437,555
$877,294 |
$6,785,759 |
| 22 |
$12,705,699 |
$4,661,439
$921,163 |
$7,123,097 |
| 23 |
$13,340,787 |
$4,896,422
$967,207 |
$7,477,158 |
| 24 |
$14,007,993 |
$5,143,288
$1,015,579 |
$7,849,126 |
| 25 |
$14,708,226 |
$5,402,374
$1,066,346 |
$8,239,506 |
| 26 |
$15,443,910 |
$5,674,577
$1,119,683 |
$8,649,650 |
| 27 |
$16,215,954 |
$5,960,233
$1,175,657 |
$9,080,064 |
| 28 |
$17,026,782 |
$6,260,240
$1,234,442 |
$9,532,100 |
| 29 |
$17,878,212 |
$6,575,269
$1,296,170 |
$10,006,773 |
| 30 |
$18,772,062 |
$6,905,993
$1,360,974 |
$10,505,095 |
|
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