The jackpot for the MEGA Millions draw on Fri Jan 30, 2026, is projected to be $303 Million, with an option for a cash payout of $136.7 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 30, 2026 |
|---|
| Draw Date | Fri Jan 30, 2026 | | Projected Jackpot | $303,000,000 | | Cash Value | $136,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $136,700,000 | | Federal Tax(24%) | $32,808,000 | | Additional Federal Tax | $17,731,330 | | State Tax(4.25%) | $5,809,750 | | Net Lumpsum Payment | $80,350,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,560,453 |
$1,647,698
$193,819 |
$2,718,936 |
| 2 |
$4,788,612 |
$1,732,117
$203,516 |
$2,852,979 |
| 3 |
$5,027,982 |
$1,820,684
$213,689 |
$2,993,609 |
| 4 |
$5,279,472 |
$1,913,735
$224,378 |
$3,141,359 |
| 5 |
$5,543,385 |
$2,011,383
$235,594 |
$3,296,408 |
| 6 |
$5,820,630 |
$2,113,963
$247,377 |
$3,459,290 |
| 7 |
$6,111,510 |
$2,221,589
$259,739 |
$3,630,182 |
| 8 |
$6,417,237 |
$2,334,708
$272,733 |
$3,809,796 |
| 9 |
$6,738,114 |
$2,453,433
$286,370 |
$3,998,311 |
| 10 |
$7,075,050 |
$2,578,099
$300,690 |
$4,196,261 |
| 11 |
$7,428,651 |
$2,708,931
$315,718 |
$4,404,002 |
| 12 |
$7,800,129 |
$2,846,378
$331,505 |
$4,622,246 |
| 13 |
$8,190,090 |
$2,990,664
$348,079 |
$4,851,347 |
| 14 |
$8,599,746 |
$3,142,236
$365,489 |
$5,092,021 |
| 15 |
$9,029,703 |
$3,301,320
$383,762 |
$5,344,621 |
| 16 |
$9,481,173 |
$3,468,364
$402,950 |
$5,609,859 |
| 17 |
$9,955,065 |
$3,643,704
$423,090 |
$5,888,271 |
| 18 |
$10,452,894 |
$3,827,901
$444,248 |
$6,180,745 |
| 19 |
$10,975,569 |
$4,021,291
$466,462 |
$6,487,816 |
| 20 |
$11,524,302 |
$4,224,322
$489,783 |
$6,810,197 |
| 21 |
$12,100,608 |
$4,437,555
$514,276 |
$7,148,777 |
| 22 |
$12,705,699 |
$4,661,439
$539,992 |
$7,504,268 |
| 23 |
$13,340,787 |
$4,896,422
$566,983 |
$7,877,382 |
| 24 |
$14,007,993 |
$5,143,288
$595,340 |
$8,269,365 |
| 25 |
$14,708,226 |
$5,402,374
$625,100 |
$8,680,752 |
| 26 |
$15,443,910 |
$5,674,577
$656,366 |
$9,112,967 |
| 27 |
$16,215,954 |
$5,960,233
$689,178 |
$9,566,543 |
| 28 |
$17,026,782 |
$6,260,240
$723,638 |
$10,042,904 |
| 29 |
$17,878,212 |
$6,575,269
$759,824 |
$10,543,119 |
| 30 |
$18,772,062 |
$6,905,993
$797,813 |
$11,068,256 |
|
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