Mississippi Lottery

MSLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Jan 2, 2026 is estimated to be $157 Million, with a cash option of 72 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 Mississippi, 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.

Mississippi MEGA Millions Jackpot/Cash Option for Fri Jan 2, 2026

Draw Date	Jackpot	Cash Option
Fri Jan 2, 2026	$157,000,000	$72,000,000

Lumpsum Option Taxes and Payment

Category	Amount
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

Year	Gross Payment	Fed/State Tax	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