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 Rhode Island residents, the state will deduct 5.99% from your lottery earnings.
| Rhode Island 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(5.99%) | $5,420,950 | | Net Lumpsum Payment | $51,633,720 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$179,409 |
$1,747,204 |
| 2 |
$3,144,996 |
$1,123,979
$188,385 |
$1,832,632 |
| 3 |
$3,302,206 |
$1,182,147
$197,802 |
$1,922,257 |
| 4 |
$3,467,376 |
$1,243,260
$207,696 |
$2,016,420 |
| 5 |
$3,640,705 |
$1,307,391
$218,078 |
$2,115,236 |
| 6 |
$3,822,790 |
$1,374,763
$228,985 |
$2,219,042 |
| 7 |
$4,013,830 |
$1,445,447
$240,428 |
$2,327,955 |
| 8 |
$4,214,621 |
$1,519,740
$252,456 |
$2,442,425 |
| 9 |
$4,425,362 |
$1,597,714
$265,079 |
$2,562,569 |
| 10 |
$4,646,650 |
$1,679,591
$278,334 |
$2,688,725 |
| 11 |
$4,878,883 |
$1,765,517
$292,245 |
$2,821,121 |
| 12 |
$5,122,857 |
$1,855,787
$306,859 |
$2,960,211 |
| 13 |
$5,378,970 |
$1,950,549
$322,200 |
$3,106,221 |
| 14 |
$5,648,018 |
$2,050,097
$338,316 |
$3,259,605 |
| 15 |
$5,930,399 |
$2,154,578
$355,231 |
$3,420,590 |
| 16 |
$6,226,909 |
$2,264,287
$372,992 |
$3,589,630 |
| 17 |
$6,538,145 |
$2,379,444
$391,635 |
$3,767,066 |
| 18 |
$6,865,102 |
$2,500,418
$411,220 |
$3,953,464 |
| 19 |
$7,208,377 |
$2,627,430
$431,782 |
$4,149,165 |
| 20 |
$7,568,766 |
$2,760,774
$453,369 |
$4,354,623 |
| 21 |
$7,947,264 |
$2,900,818
$476,041 |
$4,570,405 |
| 22 |
$8,344,667 |
$3,047,857
$499,846 |
$4,796,964 |
| 23 |
$8,761,771 |
$3,202,186
$524,830 |
$5,034,755 |
| 24 |
$9,199,969 |
$3,364,319
$551,078 |
$5,284,572 |
| 25 |
$9,659,858 |
$3,534,478
$578,625 |
$5,546,755 |
| 26 |
$10,143,030 |
$3,713,251
$607,567 |
$5,822,212 |
| 27 |
$10,650,082 |
$3,900,861
$637,940 |
$6,111,281 |
| 28 |
$11,182,606 |
$4,097,895
$669,838 |
$6,414,873 |
| 29 |
$11,741,796 |
$4,304,795
$703,334 |
$6,733,667 |
| 30 |
$12,328,846 |
$4,522,003
$738,498 |
$7,068,345 |
|
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