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 Indiana residents, the state will deduct 3.15% from your lottery earnings.
| Indiana 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(3.15%) | $2,850,750 | | Net Lumpsum Payment | $54,203,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$94,347 |
$1,832,266 |
| 2 |
$3,144,996 |
$1,123,979
$99,067 |
$1,921,950 |
| 3 |
$3,302,206 |
$1,182,147
$104,019 |
$2,016,040 |
| 4 |
$3,467,376 |
$1,243,260
$109,222 |
$2,114,894 |
| 5 |
$3,640,705 |
$1,307,391
$114,682 |
$2,218,632 |
| 6 |
$3,822,790 |
$1,374,763
$120,418 |
$2,327,609 |
| 7 |
$4,013,830 |
$1,445,447
$126,436 |
$2,441,947 |
| 8 |
$4,214,621 |
$1,519,740
$132,761 |
$2,562,120 |
| 9 |
$4,425,362 |
$1,597,714
$139,399 |
$2,688,249 |
| 10 |
$4,646,650 |
$1,679,591
$146,369 |
$2,820,690 |
| 11 |
$4,878,883 |
$1,765,517
$153,685 |
$2,959,681 |
| 12 |
$5,122,857 |
$1,855,787
$161,370 |
$3,105,700 |
| 13 |
$5,378,970 |
$1,950,549
$169,438 |
$3,258,983 |
| 14 |
$5,648,018 |
$2,050,097
$177,913 |
$3,420,008 |
| 15 |
$5,930,399 |
$2,154,578
$186,808 |
$3,589,013 |
| 16 |
$6,226,909 |
$2,264,287
$196,148 |
$3,766,474 |
| 17 |
$6,538,145 |
$2,379,444
$205,952 |
$3,952,749 |
| 18 |
$6,865,102 |
$2,500,418
$216,251 |
$4,148,433 |
| 19 |
$7,208,377 |
$2,627,430
$227,064 |
$4,353,883 |
| 20 |
$7,568,766 |
$2,760,774
$238,416 |
$4,569,576 |
| 21 |
$7,947,264 |
$2,900,818
$250,339 |
$4,796,107 |
| 22 |
$8,344,667 |
$3,047,857
$262,857 |
$5,033,953 |
| 23 |
$8,761,771 |
$3,202,186
$275,996 |
$5,283,589 |
| 24 |
$9,199,969 |
$3,364,319
$289,799 |
$5,545,851 |
| 25 |
$9,659,858 |
$3,534,478
$304,286 |
$5,821,094 |
| 26 |
$10,143,030 |
$3,713,251
$319,505 |
$6,110,274 |
| 27 |
$10,650,082 |
$3,900,861
$335,478 |
$6,413,743 |
| 28 |
$11,182,606 |
$4,097,895
$352,252 |
$6,732,459 |
| 29 |
$11,741,796 |
$4,304,795
$369,867 |
$7,067,134 |
| 30 |
$12,328,846 |
$4,522,003
$388,359 |
$7,418,484 |
|
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