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 Virginia residents, the state will deduct 4% from your lottery earnings.
| Virginia 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%) | $3,620,000 | | Net Lumpsum Payment | $53,434,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,995,149 |
$1,068,536
$119,806 |
$1,806,807 |
| 2 |
$3,144,996 |
$1,123,979
$125,800 |
$1,895,217 |
| 3 |
$3,302,206 |
$1,182,147
$132,088 |
$1,987,971 |
| 4 |
$3,467,376 |
$1,243,260
$138,695 |
$2,085,421 |
| 5 |
$3,640,705 |
$1,307,391
$145,628 |
$2,187,686 |
| 6 |
$3,822,790 |
$1,374,763
$152,912 |
$2,295,115 |
| 7 |
$4,013,830 |
$1,445,447
$160,553 |
$2,407,830 |
| 8 |
$4,214,621 |
$1,519,740
$168,585 |
$2,526,296 |
| 9 |
$4,425,362 |
$1,597,714
$177,014 |
$2,650,634 |
| 10 |
$4,646,650 |
$1,679,591
$185,866 |
$2,781,193 |
| 11 |
$4,878,883 |
$1,765,517
$195,155 |
$2,918,211 |
| 12 |
$5,122,857 |
$1,855,787
$204,914 |
$3,062,156 |
| 13 |
$5,378,970 |
$1,950,549
$215,159 |
$3,213,262 |
| 14 |
$5,648,018 |
$2,050,097
$225,921 |
$3,372,000 |
| 15 |
$5,930,399 |
$2,154,578
$237,216 |
$3,538,605 |
| 16 |
$6,226,909 |
$2,264,287
$249,076 |
$3,713,546 |
| 17 |
$6,538,145 |
$2,379,444
$261,526 |
$3,897,175 |
| 18 |
$6,865,102 |
$2,500,418
$274,604 |
$4,090,080 |
| 19 |
$7,208,377 |
$2,627,430
$288,335 |
$4,292,612 |
| 20 |
$7,568,766 |
$2,760,774
$302,751 |
$4,505,241 |
| 21 |
$7,947,264 |
$2,900,818
$317,891 |
$4,728,555 |
| 22 |
$8,344,667 |
$3,047,857
$333,787 |
$4,963,023 |
| 23 |
$8,761,771 |
$3,202,186
$350,471 |
$5,209,114 |
| 24 |
$9,199,969 |
$3,364,319
$367,999 |
$5,467,651 |
| 25 |
$9,659,858 |
$3,534,478
$386,394 |
$5,738,986 |
| 26 |
$10,143,030 |
$3,713,251
$405,721 |
$6,024,058 |
| 27 |
$10,650,082 |
$3,900,861
$426,003 |
$6,323,218 |
| 28 |
$11,182,606 |
$4,097,895
$447,304 |
$6,637,407 |
| 29 |
$11,741,796 |
$4,304,795
$469,672 |
$6,967,329 |
| 30 |
$12,328,846 |
$4,522,003
$493,154 |
$7,313,689 |
|
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