The jackpot for the MEGA Millions draw on Tue Jan 13, 2026, is projected to be $215 Million, with an option for a cash payout of $98.3 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 Colorado residents, the state will deduct 4% from your lottery earnings.
| Colorado MEGA Millions Jackpot/Cash Option for Tue Jan 13, 2026 |
|---|
| Draw Date | Tue Jan 13, 2026 | | Projected Jackpot | $215,000,000 | | Cash Value | $98,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,300,000 | | Federal Tax(24%) | $23,592,000 | | Additional Federal Tax | $12,739,330 | | State Tax(4%) | $3,932,000 | | Net Lumpsum Payment | $58,036,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$129,439 |
$1,948,889 |
| 2 |
$3,397,860 |
$1,217,539
$135,914 |
$2,044,407 |
| 3 |
$3,567,710 |
$1,280,383
$142,708 |
$2,144,619 |
| 4 |
$3,746,160 |
$1,346,410
$149,846 |
$2,249,904 |
| 5 |
$3,933,425 |
$1,415,698
$157,337 |
$2,360,390 |
| 6 |
$4,130,150 |
$1,488,486
$165,206 |
$2,476,458 |
| 7 |
$4,336,550 |
$1,564,854
$173,462 |
$2,598,234 |
| 8 |
$4,553,485 |
$1,645,120
$182,139 |
$2,726,226 |
| 9 |
$4,781,170 |
$1,729,363
$191,247 |
$2,860,560 |
| 10 |
$5,020,250 |
$1,817,823
$200,810 |
$3,001,617 |
| 11 |
$5,271,155 |
$1,910,658
$210,846 |
$3,149,651 |
| 12 |
$5,534,745 |
$2,008,186
$221,390 |
$3,305,169 |
| 13 |
$5,811,450 |
$2,110,567
$232,458 |
$3,468,425 |
| 14 |
$6,102,130 |
$2,218,118
$244,085 |
$3,639,927 |
| 15 |
$6,407,215 |
$2,331,000
$256,289 |
$3,819,926 |
| 16 |
$6,727,565 |
$2,449,529
$269,103 |
$4,008,933 |
| 17 |
$7,063,825 |
$2,573,946
$282,553 |
$4,207,326 |
| 18 |
$7,417,070 |
$2,704,646
$296,683 |
$4,415,741 |
| 19 |
$7,787,945 |
$2,841,870
$311,518 |
$4,634,557 |
| 20 |
$8,177,310 |
$2,985,935
$327,092 |
$4,864,283 |
| 21 |
$8,586,240 |
$3,137,239
$343,450 |
$5,105,551 |
| 22 |
$9,015,595 |
$3,296,101
$360,624 |
$5,358,870 |
| 23 |
$9,466,235 |
$3,462,837
$378,649 |
$5,624,749 |
| 24 |
$9,939,665 |
$3,638,006
$397,587 |
$5,904,072 |
| 25 |
$10,436,530 |
$3,821,846
$417,461 |
$6,197,223 |
| 26 |
$10,958,550 |
$4,014,994
$438,342 |
$6,505,214 |
| 27 |
$11,506,370 |
$4,217,687
$460,255 |
$6,828,428 |
| 28 |
$12,081,710 |
$4,430,563
$483,268 |
$7,167,879 |
| 29 |
$12,685,860 |
$4,654,099
$507,434 |
$7,524,327 |
| 30 |
$13,320,110 |
$4,888,771
$532,804 |
$7,898,535 |
|
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