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 Michigan residents, the state will deduct 4.25% from your lottery earnings.
| Michigan 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(4.25%) | $3,846,250 | | Net Lumpsum Payment | $53,208,420 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$127,294 |
$1,799,319 |
| 2 |
$3,144,996 |
$1,123,979
$133,662 |
$1,887,355 |
| 3 |
$3,302,206 |
$1,182,147
$140,344 |
$1,979,715 |
| 4 |
$3,467,376 |
$1,243,260
$147,363 |
$2,076,753 |
| 5 |
$3,640,705 |
$1,307,391
$154,730 |
$2,178,584 |
| 6 |
$3,822,790 |
$1,374,763
$162,469 |
$2,285,558 |
| 7 |
$4,013,830 |
$1,445,447
$170,588 |
$2,397,795 |
| 8 |
$4,214,621 |
$1,519,740
$179,121 |
$2,515,760 |
| 9 |
$4,425,362 |
$1,597,714
$188,078 |
$2,639,570 |
| 10 |
$4,646,650 |
$1,679,591
$197,483 |
$2,769,576 |
| 11 |
$4,878,883 |
$1,765,517
$207,353 |
$2,906,013 |
| 12 |
$5,122,857 |
$1,855,787
$217,721 |
$3,049,349 |
| 13 |
$5,378,970 |
$1,950,549
$228,606 |
$3,199,815 |
| 14 |
$5,648,018 |
$2,050,097
$240,041 |
$3,357,880 |
| 15 |
$5,930,399 |
$2,154,578
$252,042 |
$3,523,779 |
| 16 |
$6,226,909 |
$2,264,287
$264,644 |
$3,697,978 |
| 17 |
$6,538,145 |
$2,379,444
$277,871 |
$3,880,830 |
| 18 |
$6,865,102 |
$2,500,418
$291,767 |
$4,072,917 |
| 19 |
$7,208,377 |
$2,627,430
$306,356 |
$4,274,591 |
| 20 |
$7,568,766 |
$2,760,774
$321,673 |
$4,486,319 |
| 21 |
$7,947,264 |
$2,900,818
$337,759 |
$4,708,687 |
| 22 |
$8,344,667 |
$3,047,857
$354,648 |
$4,942,162 |
| 23 |
$8,761,771 |
$3,202,186
$372,375 |
$5,187,210 |
| 24 |
$9,199,969 |
$3,364,319
$390,999 |
$5,444,651 |
| 25 |
$9,659,858 |
$3,534,478
$410,544 |
$5,714,836 |
| 26 |
$10,143,030 |
$3,713,251
$431,079 |
$5,998,700 |
| 27 |
$10,650,082 |
$3,900,861
$452,628 |
$6,296,593 |
| 28 |
$11,182,606 |
$4,097,895
$475,261 |
$6,609,450 |
| 29 |
$11,741,796 |
$4,304,795
$499,026 |
$6,937,975 |
| 30 |
$12,328,846 |
$4,522,003
$523,976 |
$7,282,867 |
|
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