The jackpot for the MEGA Millions draw on Tue Jan 27, 2026, is projected to be $285 Million, with an option for a cash payout of $128.6 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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania MEGA Millions Jackpot/Cash Option for Tue Jan 27, 2026 |
|---|
| Draw Date | Tue Jan 27, 2026 | | Projected Jackpot | $285,000,000 | | Cash Value | $128,600,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $128,600,000 | | Federal Tax(24%) | $30,864,000 | | Additional Federal Tax | $16,678,330 | | State Tax(3.07%) | $3,948,020 | | Net Lumpsum Payment | $77,109,650 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,289,535 |
$1,547,458
$131,689 |
$2,610,388 |
| 2 |
$4,504,140 |
$1,626,862
$138,277 |
$2,739,001 |
| 3 |
$4,729,290 |
$1,710,168
$145,189 |
$2,873,933 |
| 4 |
$4,965,840 |
$1,797,691
$152,451 |
$3,015,698 |
| 5 |
$5,214,075 |
$1,889,538
$160,072 |
$3,164,465 |
| 6 |
$5,474,850 |
$1,986,025
$168,078 |
$3,320,747 |
| 7 |
$5,748,450 |
$2,087,257
$176,477 |
$3,484,716 |
| 8 |
$6,036,015 |
$2,193,656
$185,306 |
$3,657,053 |
| 9 |
$6,337,830 |
$2,305,327
$194,571 |
$3,837,932 |
| 10 |
$6,654,750 |
$2,422,588
$204,301 |
$4,027,861 |
| 11 |
$6,987,345 |
$2,545,648
$214,511 |
$4,227,186 |
| 12 |
$7,336,755 |
$2,674,930
$225,238 |
$4,436,587 |
| 13 |
$7,703,550 |
$2,810,644
$236,499 |
$4,656,407 |
| 14 |
$8,088,870 |
$2,953,212
$248,328 |
$4,887,330 |
| 15 |
$8,493,285 |
$3,102,846
$260,744 |
$5,129,695 |
| 16 |
$8,917,935 |
$3,259,966
$273,781 |
$5,384,188 |
| 17 |
$9,363,675 |
$3,424,890
$287,465 |
$5,651,320 |
| 18 |
$9,831,930 |
$3,598,144
$301,840 |
$5,931,946 |
| 19 |
$10,323,555 |
$3,780,046
$316,933 |
$6,226,576 |
| 20 |
$10,839,690 |
$3,971,016
$332,778 |
$6,535,896 |
| 21 |
$11,381,760 |
$4,171,582
$349,420 |
$6,860,758 |
| 22 |
$11,950,905 |
$4,382,165
$366,893 |
$7,201,847 |
| 23 |
$12,548,265 |
$4,603,188
$385,232 |
$7,559,845 |
| 24 |
$13,175,835 |
$4,835,389
$404,498 |
$7,935,948 |
| 25 |
$13,834,470 |
$5,079,084
$424,718 |
$8,330,668 |
| 26 |
$14,526,450 |
$5,335,117
$445,962 |
$8,745,371 |
| 27 |
$15,252,630 |
$5,603,803
$468,256 |
$9,180,571 |
| 28 |
$16,015,290 |
$5,885,988
$491,669 |
$9,637,633 |
| 29 |
$16,816,140 |
$6,182,302
$516,255 |
$10,117,583 |
| 30 |
$17,656,890 |
$6,493,380
$542,067 |
$10,621,443 |
|
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