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 New York residents, the state will deduct 8.82% from your lottery earnings.
| New York 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(8.82%) | $7,982,100 | | Net Lumpsum Payment | $49,072,570 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$264,172 |
$1,662,441 |
| 2 |
$3,144,996 |
$1,123,979
$277,389 |
$1,743,628 |
| 3 |
$3,302,206 |
$1,182,147
$291,255 |
$1,828,804 |
| 4 |
$3,467,376 |
$1,243,260
$305,823 |
$1,918,293 |
| 5 |
$3,640,705 |
$1,307,391
$321,110 |
$2,012,204 |
| 6 |
$3,822,790 |
$1,374,763
$337,170 |
$2,110,857 |
| 7 |
$4,013,830 |
$1,445,447
$354,020 |
$2,214,363 |
| 8 |
$4,214,621 |
$1,519,740
$371,730 |
$2,323,151 |
| 9 |
$4,425,362 |
$1,597,714
$390,317 |
$2,437,331 |
| 10 |
$4,646,650 |
$1,679,591
$409,835 |
$2,557,224 |
| 11 |
$4,878,883 |
$1,765,517
$430,317 |
$2,683,049 |
| 12 |
$5,122,857 |
$1,855,787
$451,836 |
$2,815,234 |
| 13 |
$5,378,970 |
$1,950,549
$474,425 |
$2,953,996 |
| 14 |
$5,648,018 |
$2,050,097
$498,155 |
$3,099,766 |
| 15 |
$5,930,399 |
$2,154,578
$523,061 |
$3,252,760 |
| 16 |
$6,226,909 |
$2,264,287
$549,213 |
$3,413,409 |
| 17 |
$6,538,145 |
$2,379,444
$576,664 |
$3,582,037 |
| 18 |
$6,865,102 |
$2,500,418
$605,502 |
$3,759,182 |
| 19 |
$7,208,377 |
$2,627,430
$635,779 |
$3,945,168 |
| 20 |
$7,568,766 |
$2,760,774
$667,565 |
$4,140,427 |
| 21 |
$7,947,264 |
$2,900,818
$700,949 |
$4,345,497 |
| 22 |
$8,344,667 |
$3,047,857
$736,000 |
$4,560,810 |
| 23 |
$8,761,771 |
$3,202,186
$772,788 |
$4,786,797 |
| 24 |
$9,199,969 |
$3,364,319
$811,437 |
$5,024,213 |
| 25 |
$9,659,858 |
$3,534,478
$851,999 |
$5,273,381 |
| 26 |
$10,143,030 |
$3,713,251
$894,615 |
$5,535,164 |
| 27 |
$10,650,082 |
$3,900,861
$939,337 |
$5,809,884 |
| 28 |
$11,182,606 |
$4,097,895
$986,306 |
$6,098,405 |
| 29 |
$11,741,796 |
$4,304,795
$1,035,626 |
$6,401,375 |
| 30 |
$12,328,846 |
$4,522,003
$1,087,404 |
$6,719,439 |
|
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