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 Pennsylvania residents, the state will deduct 3.07% from your lottery earnings.
| Pennsylvania 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(3.07%) | $2,210,400 | | Net Lumpsum Payment | $43,189,270 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$72,544 |
$1,455,820 |
| 2 |
$2,481,228 |
$878,385
$76,174 |
$1,526,669 |
| 3 |
$2,605,258 |
$924,276
$79,981 |
$1,601,001 |
| 4 |
$2,735,568 |
$972,491
$83,982 |
$1,679,095 |
| 5 |
$2,872,315 |
$1,023,087
$88,180 |
$1,761,048 |
| 6 |
$3,015,970 |
$1,076,239
$92,590 |
$1,847,141 |
| 7 |
$3,166,690 |
$1,132,006
$97,217 |
$1,937,467 |
| 8 |
$3,325,103 |
$1,190,618
$102,081 |
$2,032,404 |
| 9 |
$3,491,366 |
$1,252,136
$107,185 |
$2,132,045 |
| 10 |
$3,665,950 |
$1,316,732
$112,545 |
$2,236,673 |
| 11 |
$3,849,169 |
$1,384,523
$118,169 |
$2,346,477 |
| 12 |
$4,041,651 |
$1,455,741
$124,079 |
$2,461,831 |
| 13 |
$4,243,710 |
$1,530,503
$130,282 |
$2,582,925 |
| 14 |
$4,455,974 |
$1,609,041
$136,798 |
$2,710,135 |
| 15 |
$4,678,757 |
$1,691,470
$143,638 |
$2,843,649 |
| 16 |
$4,912,687 |
$1,778,025
$150,819 |
$2,983,843 |
| 17 |
$5,158,235 |
$1,868,877
$158,358 |
$3,131,000 |
| 18 |
$5,416,186 |
$1,964,319
$166,277 |
$3,285,590 |
| 19 |
$5,687,011 |
$2,064,524
$174,591 |
$3,447,896 |
| 20 |
$5,971,338 |
$2,169,725
$183,320 |
$3,618,293 |
| 21 |
$6,269,952 |
$2,280,213
$192,488 |
$3,797,251 |
| 22 |
$6,583,481 |
$2,396,218
$202,113 |
$3,985,150 |
| 23 |
$6,912,553 |
$2,517,975
$212,215 |
$4,182,363 |
| 24 |
$7,258,267 |
$2,645,889
$222,829 |
$4,389,549 |
| 25 |
$7,621,094 |
$2,780,135
$233,968 |
$4,606,991 |
| 26 |
$8,002,290 |
$2,921,178
$245,670 |
$4,835,442 |
| 27 |
$8,402,326 |
$3,069,191
$257,951 |
$5,075,184 |
| 28 |
$8,822,458 |
$3,224,640
$270,849 |
$5,326,969 |
| 29 |
$9,263,628 |
$3,387,873
$284,393 |
$5,591,362 |
| 30 |
$9,726,778 |
$3,559,238
$298,612 |
$5,868,928 |
|
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