The jackpot for the MEGA Millions draw on Fri Jan 16, 2026, is projected to be $230 Million, with an option for a cash payout of $105.1 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 Jan 16, 2026 |
|---|
| Draw Date | Fri Jan 16, 2026 | | Projected Jackpot | $230,000,000 | | Cash Value | $105,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $105,100,000 | | Federal Tax(24%) | $25,224,000 | | Additional Federal Tax | $13,623,330 | | State Tax(10.75%) | $11,298,250 | | Net Lumpsum Payment | $54,954,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,461,730 |
$1,241,170
$372,136 |
$1,848,424 |
| 2 |
$3,634,920 |
$1,305,251
$390,754 |
$1,938,915 |
| 3 |
$3,816,620 |
$1,372,480
$410,287 |
$2,033,853 |
| 4 |
$4,007,520 |
$1,443,113
$430,808 |
$2,133,599 |
| 5 |
$4,207,850 |
$1,517,235
$452,344 |
$2,238,271 |
| 6 |
$4,418,300 |
$1,595,101
$474,967 |
$2,348,232 |
| 7 |
$4,639,100 |
$1,676,797
$498,703 |
$2,463,600 |
| 8 |
$4,871,170 |
$1,762,663
$523,651 |
$2,584,856 |
| 9 |
$5,114,740 |
$1,852,784
$549,835 |
$2,712,121 |
| 10 |
$5,370,500 |
$1,947,415
$577,329 |
$2,845,756 |
| 11 |
$5,638,910 |
$2,046,727
$606,183 |
$2,986,000 |
| 12 |
$5,920,890 |
$2,151,060
$636,496 |
$3,133,334 |
| 13 |
$6,216,900 |
$2,260,583
$668,317 |
$3,288,000 |
| 14 |
$6,527,860 |
$2,375,639
$701,745 |
$3,450,476 |
| 15 |
$6,854,230 |
$2,496,395
$736,830 |
$3,621,005 |
| 16 |
$7,196,930 |
$2,623,194
$773,670 |
$3,800,066 |
| 17 |
$7,556,650 |
$2,756,291
$812,340 |
$3,988,019 |
| 18 |
$7,934,540 |
$2,896,110
$852,963 |
$4,185,467 |
| 19 |
$8,331,290 |
$3,042,908
$895,614 |
$4,392,768 |
| 20 |
$8,747,820 |
$3,197,024
$940,391 |
$4,610,405 |
| 21 |
$9,185,280 |
$3,358,884
$987,418 |
$4,838,978 |
| 22 |
$9,644,590 |
$3,528,829
$1,036,793 |
$5,078,968 |
| 23 |
$10,126,670 |
$3,707,198
$1,088,617 |
$5,330,855 |
| 24 |
$10,633,130 |
$3,894,588
$1,143,061 |
$5,595,481 |
| 25 |
$11,164,660 |
$4,091,255
$1,200,201 |
$5,873,204 |
| 26 |
$11,723,100 |
$4,297,877
$1,260,233 |
$6,164,990 |
| 27 |
$12,309,140 |
$4,514,712
$1,323,233 |
$6,471,195 |
| 28 |
$12,924,620 |
$4,742,440
$1,389,397 |
$6,792,783 |
| 29 |
$13,570,920 |
$4,981,571
$1,458,874 |
$7,130,475 |
| 30 |
$14,249,420 |
$5,232,616
$1,531,813 |
$7,484,991 |
|
|
