The jackpot for the MEGA Millions draw on Fri Jan 9, 2026, is projected to be $199 Million, with an option for a cash payout of $90.5 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 9, 2026 |
|---|
| Draw Date | Fri Jan 9, 2026 | | Projected Jackpot | $199,000,000 | | Cash Value | $90,500,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $90,500,000 | | Federal Tax(24%) | $21,720,000 | | Additional Federal Tax | $11,725,330 | | State Tax(7.25%) | $6,561,250 | | Net Lumpsum Payment | $50,493,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$217,148 |
$1,709,465 |
| 2 |
$3,144,996 |
$1,123,979
$228,012 |
$1,793,005 |
| 3 |
$3,302,206 |
$1,182,147
$239,410 |
$1,880,649 |
| 4 |
$3,467,376 |
$1,243,260
$251,385 |
$1,972,731 |
| 5 |
$3,640,705 |
$1,307,391
$263,951 |
$2,069,363 |
| 6 |
$3,822,790 |
$1,374,763
$277,152 |
$2,170,875 |
| 7 |
$4,013,830 |
$1,445,447
$291,003 |
$2,277,380 |
| 8 |
$4,214,621 |
$1,519,740
$305,560 |
$2,389,321 |
| 9 |
$4,425,362 |
$1,597,714
$320,839 |
$2,506,809 |
| 10 |
$4,646,650 |
$1,679,591
$336,882 |
$2,630,177 |
| 11 |
$4,878,883 |
$1,765,517
$353,719 |
$2,759,647 |
| 12 |
$5,122,857 |
$1,855,787
$371,407 |
$2,895,663 |
| 13 |
$5,378,970 |
$1,950,549
$389,975 |
$3,038,446 |
| 14 |
$5,648,018 |
$2,050,097
$409,481 |
$3,188,440 |
| 15 |
$5,930,399 |
$2,154,578
$429,954 |
$3,345,867 |
| 16 |
$6,226,909 |
$2,264,287
$451,451 |
$3,511,171 |
| 17 |
$6,538,145 |
$2,379,444
$474,016 |
$3,684,685 |
| 18 |
$6,865,102 |
$2,500,418
$497,720 |
$3,866,964 |
| 19 |
$7,208,377 |
$2,627,430
$522,607 |
$4,058,340 |
| 20 |
$7,568,766 |
$2,760,774
$548,736 |
$4,259,256 |
| 21 |
$7,947,264 |
$2,900,818
$576,177 |
$4,470,269 |
| 22 |
$8,344,667 |
$3,047,857
$604,988 |
$4,691,822 |
| 23 |
$8,761,771 |
$3,202,186
$635,228 |
$4,924,357 |
| 24 |
$9,199,969 |
$3,364,319
$666,998 |
$5,168,652 |
| 25 |
$9,659,858 |
$3,534,478
$700,340 |
$5,425,040 |
| 26 |
$10,143,030 |
$3,713,251
$735,370 |
$5,694,409 |
| 27 |
$10,650,082 |
$3,900,861
$772,131 |
$5,977,090 |
| 28 |
$11,182,606 |
$4,097,895
$810,739 |
$6,273,972 |
| 29 |
$11,741,796 |
$4,304,795
$851,280 |
$6,585,721 |
| 30 |
$12,328,846 |
$4,522,003
$893,841 |
$6,913,002 |
|
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