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 Kansas residents, the state will deduct 5% from your lottery earnings.
| Kansas 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%) | $3,600,000 | | Net Lumpsum Payment | $41,799,670 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$2,363,007 |
$834,643
$118,150 |
$1,410,214 |
| 2 |
$2,481,228 |
$878,385
$124,061 |
$1,478,782 |
| 3 |
$2,605,258 |
$924,276
$130,263 |
$1,550,719 |
| 4 |
$2,735,568 |
$972,491
$136,778 |
$1,626,299 |
| 5 |
$2,872,315 |
$1,023,087
$143,616 |
$1,705,612 |
| 6 |
$3,015,970 |
$1,076,239
$150,799 |
$1,788,932 |
| 7 |
$3,166,690 |
$1,132,006
$158,335 |
$1,876,349 |
| 8 |
$3,325,103 |
$1,190,618
$166,255 |
$1,968,230 |
| 9 |
$3,491,366 |
$1,252,136
$174,568 |
$2,064,662 |
| 10 |
$3,665,950 |
$1,316,732
$183,298 |
$2,165,920 |
| 11 |
$3,849,169 |
$1,384,523
$192,458 |
$2,272,188 |
| 12 |
$4,041,651 |
$1,455,741
$202,083 |
$2,383,827 |
| 13 |
$4,243,710 |
$1,530,503
$212,186 |
$2,501,021 |
| 14 |
$4,455,974 |
$1,609,041
$222,799 |
$2,624,134 |
| 15 |
$4,678,757 |
$1,691,470
$233,938 |
$2,753,349 |
| 16 |
$4,912,687 |
$1,778,025
$245,634 |
$2,889,028 |
| 17 |
$5,158,235 |
$1,868,877
$257,912 |
$3,031,446 |
| 18 |
$5,416,186 |
$1,964,319
$270,809 |
$3,181,058 |
| 19 |
$5,687,011 |
$2,064,524
$284,351 |
$3,338,136 |
| 20 |
$5,971,338 |
$2,169,725
$298,567 |
$3,503,046 |
| 21 |
$6,269,952 |
$2,280,213
$313,498 |
$3,676,241 |
| 22 |
$6,583,481 |
$2,396,218
$329,174 |
$3,858,089 |
| 23 |
$6,912,553 |
$2,517,975
$345,628 |
$4,048,950 |
| 24 |
$7,258,267 |
$2,645,889
$362,913 |
$4,249,465 |
| 25 |
$7,621,094 |
$2,780,135
$381,055 |
$4,459,904 |
| 26 |
$8,002,290 |
$2,921,178
$400,115 |
$4,680,997 |
| 27 |
$8,402,326 |
$3,069,191
$420,116 |
$4,913,019 |
| 28 |
$8,822,458 |
$3,224,640
$441,123 |
$5,156,695 |
| 29 |
$9,263,628 |
$3,387,873
$463,181 |
$5,412,574 |
| 30 |
$9,726,778 |
$3,559,238
$486,339 |
$5,681,201 |
|
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