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 Rhode Island residents, the state will deduct 5.99% from your lottery earnings.
| Rhode Island 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(5.99%) | $4,312,800 | | Net Lumpsum Payment | $41,086,870 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$141,544 |
$1,386,820 |
| 2 |
$2,481,228 |
$878,385
$148,626 |
$1,454,217 |
| 3 |
$2,605,258 |
$924,276
$156,055 |
$1,524,927 |
| 4 |
$2,735,568 |
$972,491
$163,861 |
$1,599,216 |
| 5 |
$2,872,315 |
$1,023,087
$172,052 |
$1,677,176 |
| 6 |
$3,015,970 |
$1,076,239
$180,657 |
$1,759,074 |
| 7 |
$3,166,690 |
$1,132,006
$189,685 |
$1,844,999 |
| 8 |
$3,325,103 |
$1,190,618
$199,174 |
$1,935,311 |
| 9 |
$3,491,366 |
$1,252,136
$209,133 |
$2,030,097 |
| 10 |
$3,665,950 |
$1,316,732
$219,590 |
$2,129,628 |
| 11 |
$3,849,169 |
$1,384,523
$230,565 |
$2,234,081 |
| 12 |
$4,041,651 |
$1,455,741
$242,095 |
$2,343,815 |
| 13 |
$4,243,710 |
$1,530,503
$254,198 |
$2,459,009 |
| 14 |
$4,455,974 |
$1,609,041
$266,913 |
$2,580,020 |
| 15 |
$4,678,757 |
$1,691,470
$280,258 |
$2,707,029 |
| 16 |
$4,912,687 |
$1,778,025
$294,270 |
$2,840,392 |
| 17 |
$5,158,235 |
$1,868,877
$308,978 |
$2,980,380 |
| 18 |
$5,416,186 |
$1,964,319
$324,430 |
$3,127,437 |
| 19 |
$5,687,011 |
$2,064,524
$340,652 |
$3,281,835 |
| 20 |
$5,971,338 |
$2,169,725
$357,683 |
$3,443,930 |
| 21 |
$6,269,952 |
$2,280,213
$375,570 |
$3,614,169 |
| 22 |
$6,583,481 |
$2,396,218
$394,351 |
$3,792,912 |
| 23 |
$6,912,553 |
$2,517,975
$414,062 |
$3,980,516 |
| 24 |
$7,258,267 |
$2,645,889
$434,770 |
$4,177,608 |
| 25 |
$7,621,094 |
$2,780,135
$456,504 |
$4,384,455 |
| 26 |
$8,002,290 |
$2,921,178
$479,337 |
$4,601,775 |
| 27 |
$8,402,326 |
$3,069,191
$503,299 |
$4,829,836 |
| 28 |
$8,822,458 |
$3,224,640
$528,465 |
$5,069,353 |
| 29 |
$9,263,628 |
$3,387,873
$554,891 |
$5,320,864 |
| 30 |
$9,726,778 |
$3,559,238
$582,634 |
$5,584,906 |
|
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