The jackpot for the MEGA Millions draw on Tue Jan 13, 2026, is projected to be $215 Million, with an option for a cash payout of $98.3 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 Minnesota residents, the state will deduct 7.25% from your lottery earnings.
| Minnesota MEGA Millions Jackpot/Cash Option for Tue Jan 13, 2026 |
|---|
| Draw Date | Tue Jan 13, 2026 | | Projected Jackpot | $215,000,000 | | Cash Value | $98,300,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $98,300,000 | | Federal Tax(24%) | $23,592,000 | | Additional Federal Tax | $12,739,330 | | State Tax(7.25%) | $7,126,750 | | Net Lumpsum Payment | $54,841,920 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,235,965 |
$1,157,637
$234,607 |
$1,843,721 |
| 2 |
$3,397,860 |
$1,217,539
$246,345 |
$1,933,976 |
| 3 |
$3,567,710 |
$1,280,383
$258,659 |
$2,028,668 |
| 4 |
$3,746,160 |
$1,346,410
$271,597 |
$2,128,153 |
| 5 |
$3,933,425 |
$1,415,698
$285,173 |
$2,232,554 |
| 6 |
$4,130,150 |
$1,488,486
$299,436 |
$2,342,228 |
| 7 |
$4,336,550 |
$1,564,854
$314,400 |
$2,457,296 |
| 8 |
$4,553,485 |
$1,645,120
$330,128 |
$2,578,237 |
| 9 |
$4,781,170 |
$1,729,363
$346,635 |
$2,705,172 |
| 10 |
$5,020,250 |
$1,817,823
$363,968 |
$2,838,459 |
| 11 |
$5,271,155 |
$1,910,658
$382,159 |
$2,978,338 |
| 12 |
$5,534,745 |
$2,008,186
$401,269 |
$3,125,290 |
| 13 |
$5,811,450 |
$2,110,567
$421,330 |
$3,279,553 |
| 14 |
$6,102,130 |
$2,218,118
$442,404 |
$3,441,608 |
| 15 |
$6,407,215 |
$2,331,000
$464,523 |
$3,611,692 |
| 16 |
$6,727,565 |
$2,449,529
$487,748 |
$3,790,288 |
| 17 |
$7,063,825 |
$2,573,946
$512,127 |
$3,977,752 |
| 18 |
$7,417,070 |
$2,704,646
$537,738 |
$4,174,686 |
| 19 |
$7,787,945 |
$2,841,870
$564,626 |
$4,381,449 |
| 20 |
$8,177,310 |
$2,985,935
$592,855 |
$4,598,520 |
| 21 |
$8,586,240 |
$3,137,239
$622,502 |
$4,826,499 |
| 22 |
$9,015,595 |
$3,296,101
$653,631 |
$5,065,863 |
| 23 |
$9,466,235 |
$3,462,837
$686,302 |
$5,317,096 |
| 24 |
$9,939,665 |
$3,638,006
$720,626 |
$5,581,033 |
| 25 |
$10,436,530 |
$3,821,846
$756,648 |
$5,858,036 |
| 26 |
$10,958,550 |
$4,014,994
$794,495 |
$6,149,061 |
| 27 |
$11,506,370 |
$4,217,687
$834,212 |
$6,454,471 |
| 28 |
$12,081,710 |
$4,430,563
$875,924 |
$6,775,223 |
| 29 |
$12,685,860 |
$4,654,099
$919,725 |
$7,112,036 |
| 30 |
$13,320,110 |
$4,888,771
$965,708 |
$7,465,631 |
|
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