The jackpot for the MEGA Millions draw on Fri Jan 2, 2026, is projected to be $157 Million, with an option for a cash payout of $72 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 Ohio residents, the state will deduct 3.99% from your lottery earnings.
| Ohio MEGA Millions Jackpot/Cash Option for Fri Jan 2, 2026 |
|---|
| Draw Date | Fri Jan 2, 2026 | | Projected Jackpot | $157,000,000 | | Cash Value | $72,000,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $72,000,000 | | Federal Tax(24%) | $17,280,000 | | Additional Federal Tax | $9,320,330 | | State Tax(3.99%) | $2,872,800 | | Net Lumpsum Payment | $42,526,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$94,284 |
$1,434,080 |
| 2 |
$2,481,228 |
$878,385
$99,001 |
$1,503,842 |
| 3 |
$2,605,258 |
$924,276
$103,950 |
$1,577,032 |
| 4 |
$2,735,568 |
$972,491
$109,149 |
$1,653,928 |
| 5 |
$2,872,315 |
$1,023,087
$114,605 |
$1,734,623 |
| 6 |
$3,015,970 |
$1,076,239
$120,337 |
$1,819,394 |
| 7 |
$3,166,690 |
$1,132,006
$126,351 |
$1,908,333 |
| 8 |
$3,325,103 |
$1,190,618
$132,672 |
$2,001,813 |
| 9 |
$3,491,366 |
$1,252,136
$139,306 |
$2,099,924 |
| 10 |
$3,665,950 |
$1,316,732
$146,271 |
$2,202,947 |
| 11 |
$3,849,169 |
$1,384,523
$153,582 |
$2,311,064 |
| 12 |
$4,041,651 |
$1,455,741
$161,262 |
$2,424,648 |
| 13 |
$4,243,710 |
$1,530,503
$169,324 |
$2,543,883 |
| 14 |
$4,455,974 |
$1,609,041
$177,793 |
$2,669,140 |
| 15 |
$4,678,757 |
$1,691,470
$186,682 |
$2,800,605 |
| 16 |
$4,912,687 |
$1,778,025
$196,016 |
$2,938,646 |
| 17 |
$5,158,235 |
$1,868,877
$205,814 |
$3,083,544 |
| 18 |
$5,416,186 |
$1,964,319
$216,106 |
$3,235,761 |
| 19 |
$5,687,011 |
$2,064,524
$226,912 |
$3,395,575 |
| 20 |
$5,971,338 |
$2,169,725
$238,256 |
$3,563,357 |
| 21 |
$6,269,952 |
$2,280,213
$250,171 |
$3,739,568 |
| 22 |
$6,583,481 |
$2,396,218
$262,681 |
$3,924,582 |
| 23 |
$6,912,553 |
$2,517,975
$275,811 |
$4,118,767 |
| 24 |
$7,258,267 |
$2,645,889
$289,605 |
$4,322,773 |
| 25 |
$7,621,094 |
$2,780,135
$304,082 |
$4,536,877 |
| 26 |
$8,002,290 |
$2,921,178
$319,291 |
$4,761,821 |
| 27 |
$8,402,326 |
$3,069,191
$335,253 |
$4,997,882 |
| 28 |
$8,822,458 |
$3,224,640
$352,016 |
$5,245,802 |
| 29 |
$9,263,628 |
$3,387,873
$369,619 |
$5,506,136 |
| 30 |
$9,726,778 |
$3,559,238
$388,098 |
$5,779,442 |
|
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