The jackpot for the MEGA Millions draw on Fri Jan 23, 2026, is projected to be $266 Million, with an option for a cash payout of $120.8 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 Washington DC residents, the state will deduct 10.75% from your lottery earnings.
| Washington DC MEGA Millions Jackpot/Cash Option for Fri Jan 23, 2026 |
|---|
| Draw Date | Fri Jan 23, 2026 | | Projected Jackpot | $266,000,000 | | Cash Value | $120,800,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $120,800,000 | | Federal Tax(24%) | $28,992,000 | | Additional Federal Tax | $15,664,330 | | State Tax(10.75%) | $12,986,000 | | Net Lumpsum Payment | $63,157,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,003,566 |
$1,441,650
$430,383 |
$2,131,533 |
| 2 |
$4,203,864 |
$1,515,760
$451,915 |
$2,236,189 |
| 3 |
$4,414,004 |
$1,593,512
$474,505 |
$2,345,987 |
| 4 |
$4,634,784 |
$1,675,200
$498,239 |
$2,461,345 |
| 5 |
$4,866,470 |
$1,760,924
$523,146 |
$2,582,400 |
| 6 |
$5,109,860 |
$1,850,979
$549,310 |
$2,709,571 |
| 7 |
$5,365,220 |
$1,945,462
$576,761 |
$2,842,997 |
| 8 |
$5,633,614 |
$2,044,768
$605,614 |
$2,983,232 |
| 9 |
$5,915,308 |
$2,148,994
$635,896 |
$3,130,418 |
| 10 |
$6,211,100 |
$2,258,437
$667,693 |
$3,284,970 |
| 11 |
$6,521,522 |
$2,373,294
$701,064 |
$3,447,164 |
| 12 |
$6,847,638 |
$2,493,956
$736,121 |
$3,617,561 |
| 13 |
$7,189,980 |
$2,620,623
$772,923 |
$3,796,434 |
| 14 |
$7,549,612 |
$2,753,687
$811,583 |
$3,984,342 |
| 15 |
$7,927,066 |
$2,893,345
$852,160 |
$4,181,561 |
| 16 |
$8,323,406 |
$3,039,991
$894,766 |
$4,388,649 |
| 17 |
$8,739,430 |
$3,193,919
$939,489 |
$4,606,022 |
| 18 |
$9,176,468 |
$3,355,624
$986,470 |
$4,834,374 |
| 19 |
$9,635,318 |
$3,525,398
$1,035,797 |
$5,074,123 |
| 20 |
$10,117,044 |
$3,703,637
$1,087,582 |
$5,325,825 |
| 21 |
$10,622,976 |
$3,890,832
$1,141,970 |
$5,590,174 |
| 22 |
$11,154,178 |
$4,087,376
$1,199,074 |
$5,867,728 |
| 23 |
$11,711,714 |
$4,293,665
$1,259,009 |
$6,159,040 |
| 24 |
$12,297,446 |
$4,510,385
$1,321,975 |
$6,465,086 |
| 25 |
$12,912,172 |
$4,737,834
$1,388,058 |
$6,786,280 |
| 26 |
$13,558,020 |
$4,976,798
$1,457,487 |
$7,123,735 |
| 27 |
$14,235,788 |
$5,227,572
$1,530,347 |
$7,477,869 |
| 28 |
$14,947,604 |
$5,490,944
$1,606,867 |
$7,849,793 |
| 29 |
$15,695,064 |
$5,767,504
$1,687,219 |
$8,240,341 |
| 30 |
$16,479,764 |
$6,057,843
$1,771,575 |
$8,650,346 |
|
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