New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 17, 2026 is estimated to be $60 Million, with a cash option of 27.1 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 Mar 17, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 17, 2026	$60,000,000	$27,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$27,100,000
Federal Tax(24%)	$6,504,000
Additional Federal Tax	$3,483,330
State Tax(8%)	$2,168,000
Net Lumpsum Payment	$14,944,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$903,060	-$294,463 -$72,245	$536,352
2	$948,240	-$311,179 -$75,859	$561,202
3	$995,640	-$328,717 -$79,651	$587,272
4	$1,045,440	-$347,143 -$83,635	$614,662
5	$1,097,700	-$366,479 -$87,816	$643,405
6	$1,152,600	-$386,792 -$92,208	$673,600
7	$1,210,200	-$408,104 -$96,816	$705,280
8	$1,270,740	-$430,504 -$101,659	$738,577
9	$1,334,280	-$454,014 -$106,742	$773,524
10	$1,401,000	-$478,700 -$112,080	$810,220
11	$1,471,020	-$504,608 -$117,682	$848,730
12	$1,544,580	-$531,825 -$123,566	$889,189
13	$1,621,800	-$560,396 -$129,744	$931,660
14	$1,702,920	-$590,411 -$136,234	$976,275
15	$1,788,060	-$621,913 -$143,045	$1,023,102
16	$1,877,460	-$654,991 -$150,197	$1,072,272
17	$1,971,300	-$689,711 -$157,704	$1,123,885
18	$2,069,880	-$726,186 -$165,590	$1,178,104
19	$2,173,380	-$764,481 -$173,870	$1,235,029
20	$2,282,040	-$804,685 -$182,563	$1,294,792
21	$2,396,160	-$846,910 -$191,693	$1,357,557
22	$2,515,980	-$891,243 -$201,278	$1,423,459
23	$2,641,740	-$937,774 -$211,339	$1,492,627
24	$2,773,860	-$986,659 -$221,909	$1,565,292
25	$2,912,520	-$1,037,963 -$233,002	$1,641,555
26	$3,058,200	-$1,091,864 -$244,656	$1,721,680
27	$3,211,080	-$1,148,430 -$256,886	$1,805,764
28	$3,371,640	-$1,207,837 -$269,731	$1,894,072
29	$3,540,240	-$1,270,219 -$283,219	$1,986,802
30	$3,717,240	-$1,335,709 -$297,379	$2,084,152