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 Illinois residents, the state will deduct 4.95% from your lottery earnings.
| Illinois 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(4.95%) | $4,479,750 | | Net Lumpsum Payment | $52,574,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$148,260 |
$1,778,353 |
| 2 |
$3,144,996 |
$1,123,979
$155,677 |
$1,865,340 |
| 3 |
$3,302,206 |
$1,182,147
$163,459 |
$1,956,600 |
| 4 |
$3,467,376 |
$1,243,260
$171,635 |
$2,052,481 |
| 5 |
$3,640,705 |
$1,307,391
$180,215 |
$2,153,099 |
| 6 |
$3,822,790 |
$1,374,763
$189,228 |
$2,258,799 |
| 7 |
$4,013,830 |
$1,445,447
$198,685 |
$2,369,698 |
| 8 |
$4,214,621 |
$1,519,740
$208,624 |
$2,486,257 |
| 9 |
$4,425,362 |
$1,597,714
$219,055 |
$2,608,593 |
| 10 |
$4,646,650 |
$1,679,591
$230,009 |
$2,737,050 |
| 11 |
$4,878,883 |
$1,765,517
$241,505 |
$2,871,861 |
| 12 |
$5,122,857 |
$1,855,787
$253,581 |
$3,013,489 |
| 13 |
$5,378,970 |
$1,950,549
$266,259 |
$3,162,162 |
| 14 |
$5,648,018 |
$2,050,097
$279,577 |
$3,318,344 |
| 15 |
$5,930,399 |
$2,154,578
$293,555 |
$3,482,266 |
| 16 |
$6,226,909 |
$2,264,287
$308,232 |
$3,654,390 |
| 17 |
$6,538,145 |
$2,379,444
$323,638 |
$3,835,063 |
| 18 |
$6,865,102 |
$2,500,418
$339,823 |
$4,024,861 |
| 19 |
$7,208,377 |
$2,627,430
$356,815 |
$4,224,132 |
| 20 |
$7,568,766 |
$2,760,774
$374,654 |
$4,433,338 |
| 21 |
$7,947,264 |
$2,900,818
$393,390 |
$4,653,056 |
| 22 |
$8,344,667 |
$3,047,857
$413,061 |
$4,883,749 |
| 23 |
$8,761,771 |
$3,202,186
$433,708 |
$5,125,877 |
| 24 |
$9,199,969 |
$3,364,319
$455,398 |
$5,380,252 |
| 25 |
$9,659,858 |
$3,534,478
$478,163 |
$5,647,217 |
| 26 |
$10,143,030 |
$3,713,251
$502,080 |
$5,927,699 |
| 27 |
$10,650,082 |
$3,900,861
$527,179 |
$6,222,042 |
| 28 |
$11,182,606 |
$4,097,895
$553,539 |
$6,531,172 |
| 29 |
$11,741,796 |
$4,304,795
$581,219 |
$6,855,782 |
| 30 |
$12,328,846 |
$4,522,003
$610,278 |
$7,196,565 |
|
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