New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 27, 2026 is estimated to be $443 Million, with a cash option of 186.5 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 Oct 27, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 27, 2026	$443,000,000	$186,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$186,500,000
Federal Tax(24%)	$44,760,000
Additional Federal Tax	$24,205,330
State Tax(8%)	$14,920,000
Net Lumpsum Payment	$102,614,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$6,667,593	-$2,427,340 -$533,407	$3,706,846
2	$7,001,172	-$2,550,764 -$560,094	$3,890,314
3	$7,351,142	-$2,680,253 -$588,091	$4,082,798
4	$7,718,832	-$2,816,298 -$617,507	$4,285,027
5	$8,104,685	-$2,959,064 -$648,375	$4,497,246
6	$8,510,030	-$3,109,041 -$680,802	$4,720,187
7	$8,935,310	-$3,266,395 -$714,825	$4,954,090
8	$9,382,297	-$3,431,780 -$750,584	$5,199,933
9	$9,851,434	-$3,605,361 -$788,115	$5,457,958
10	$10,344,050	-$3,787,629 -$827,524	$5,728,897
11	$10,861,031	-$3,978,912 -$868,882	$6,013,237
12	$11,404,149	-$4,179,866 -$912,332	$6,311,951
13	$11,974,290	-$4,390,818 -$957,943	$6,625,529
14	$12,573,226	-$4,612,424 -$1,005,858	$6,954,944
15	$13,201,843	-$4,845,012 -$1,056,147	$7,300,684
16	$13,861,913	-$5,089,238 -$1,108,953	$7,663,722
17	$14,554,765	-$5,345,593 -$1,164,381	$8,044,791
18	$15,282,614	-$5,614,898 -$1,222,609	$8,445,107
19	$16,046,789	-$5,897,642 -$1,283,743	$8,865,404
20	$16,849,062	-$6,194,483 -$1,347,925	$9,306,654
21	$17,691,648	-$6,506,240 -$1,415,332	$9,770,076
22	$18,576,319	-$6,833,568 -$1,486,106	$10,256,645
23	$19,504,847	-$7,177,124 -$1,560,388	$10,767,335
24	$20,480,333	-$7,538,054 -$1,638,427	$11,303,852
25	$21,504,106	-$7,916,850 -$1,720,328	$11,866,928
26	$22,579,710	-$8,314,823 -$1,806,377	$12,458,510
27	$23,708,474	-$8,732,466 -$1,896,678	$13,079,330
28	$24,893,942	-$9,171,089 -$1,991,515	$13,731,338
29	$26,138,772	-$9,631,676 -$2,091,102	$14,415,994
30	$27,445,622	-$10,115,211 -$2,195,650	$15,134,761