New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 8, 2026 is estimated to be $193 Million, with a cash option of 82.8 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 New Jersey, your state will take 8% 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.

New Jersey MEGA Millions Jackpot/Cash Option for Tue Sep 8, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 8, 2026	$193,000,000	$82,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$82,800,000
Federal Tax(24%)	$19,872,000
Additional Federal Tax	$10,724,330
State Tax(8%)	$6,624,000
Net Lumpsum Payment	$45,579,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,904,843	-$1,035,122 -$232,387	$1,637,334
2	$3,050,172	-$1,088,894 -$244,014	$1,717,264
3	$3,202,642	-$1,145,308 -$256,211	$1,801,123
4	$3,362,832	-$1,204,578 -$269,027	$1,889,227
5	$3,530,935	-$1,266,776 -$282,475	$1,981,684
6	$3,707,530	-$1,332,116 -$296,602	$2,078,812
7	$3,892,810	-$1,400,670 -$311,425	$2,180,715
8	$4,087,547	-$1,472,723 -$327,004	$2,287,820
9	$4,291,934	-$1,548,346 -$343,355	$2,400,233
10	$4,506,550	-$1,627,754 -$360,524	$2,518,272
11	$4,731,781	-$1,711,089 -$378,542	$2,642,150
12	$4,968,399	-$1,798,638 -$397,472	$2,772,289
13	$5,216,790	-$1,890,543 -$417,343	$2,908,904
14	$5,477,726	-$1,987,089 -$438,218	$3,052,419
15	$5,751,593	-$2,088,420 -$460,127	$3,203,046
16	$6,039,163	-$2,194,821 -$483,133	$3,361,209
17	$6,341,015	-$2,306,506 -$507,281	$3,527,228
18	$6,658,114	-$2,423,833 -$532,649	$3,701,632
19	$6,991,039	-$2,547,015 -$559,283	$3,884,741
20	$7,340,562	-$2,676,338 -$587,245	$4,076,979
21	$7,707,648	-$2,812,160 -$616,612	$4,278,876
22	$8,093,069	-$2,954,766 -$647,446	$4,490,857
23	$8,497,597	-$3,104,441 -$679,808	$4,713,348
24	$8,922,583	-$3,261,686 -$713,807	$4,947,090
25	$9,368,606	-$3,426,715 -$749,488	$5,192,403
26	$9,837,210	-$3,600,098 -$786,977	$5,450,135
27	$10,328,974	-$3,782,051 -$826,318	$5,720,605
28	$10,845,442	-$3,973,144 -$867,635	$6,004,663
29	$11,387,772	-$4,173,806 -$911,022	$6,302,944
30	$11,957,122	-$4,384,466 -$956,570	$6,616,086