Massachusetts Lottery

MALottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 30, 2026 is estimated to be $303 Million, with a cash option of 136.7 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the MEGA Millions jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts MEGA Millions Jackpot/Cash Option for Fri Jan 30, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 30, 2026	$303,000,000	$136,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,700,000
Federal Tax(24%)	$32,808,000
Additional Federal Tax	$17,731,330
State Tax(5%)	$6,835,000
Net Lumpsum Payment	$79,325,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,560,453	-$1,647,698 -$228,023	$2,684,732
2	$4,788,612	-$1,732,117 -$239,431	$2,817,064
3	$5,027,982	-$1,820,684 -$251,399	$2,955,899
4	$5,279,472	-$1,913,735 -$263,974	$3,101,763
5	$5,543,385	-$2,011,383 -$277,169	$3,254,833
6	$5,820,630	-$2,113,963 -$291,032	$3,415,635
7	$6,111,510	-$2,221,589 -$305,576	$3,584,345
8	$6,417,237	-$2,334,708 -$320,862	$3,761,667
9	$6,738,114	-$2,453,433 -$336,906	$3,947,775
10	$7,075,050	-$2,578,099 -$353,753	$4,143,198
11	$7,428,651	-$2,708,931 -$371,433	$4,348,287
12	$7,800,129	-$2,846,378 -$390,006	$4,563,745
13	$8,190,090	-$2,990,664 -$409,505	$4,789,921
14	$8,599,746	-$3,142,236 -$429,987	$5,027,523
15	$9,029,703	-$3,301,320 -$451,485	$5,276,898
16	$9,481,173	-$3,468,364 -$474,059	$5,538,750
17	$9,955,065	-$3,643,704 -$497,753	$5,813,608
18	$10,452,894	-$3,827,901 -$522,645	$6,102,348
19	$10,975,569	-$4,021,291 -$548,778	$6,405,500
20	$11,524,302	-$4,224,322 -$576,215	$6,723,765
21	$12,100,608	-$4,437,555 -$605,030	$7,058,023
22	$12,705,699	-$4,661,439 -$635,285	$7,408,975
23	$13,340,787	-$4,896,422 -$667,039	$7,777,326
24	$14,007,993	-$5,143,288 -$700,400	$8,164,305
25	$14,708,226	-$5,402,374 -$735,411	$8,570,441
26	$15,443,910	-$5,674,577 -$772,196	$8,997,137
27	$16,215,954	-$5,960,233 -$810,798	$9,444,923
28	$17,026,782	-$6,260,240 -$851,339	$9,915,203
29	$17,878,212	-$6,575,269 -$893,911	$10,409,032
30	$18,772,062	-$6,905,993 -$938,603	$10,927,466