New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Aug 14, 2026 is estimated to be $90 Million, with a cash option of 38.7 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 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 Fri Aug 14, 2026

Draw Date	Jackpot	Cash Option
Fri Aug 14, 2026	$90,000,000	$38,700,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$38,700,000
Federal Tax(24%)	$9,288,000
Additional Federal Tax	$4,991,330
State Tax(8%)	$3,096,000
Net Lumpsum Payment	$21,324,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$108,367	$784,694
2	$1,422,360	-$486,604 -$113,789	$821,967
3	$1,493,460	-$512,911 -$119,477	$861,072
4	$1,568,160	-$540,550 -$125,453	$902,157
5	$1,646,550	-$569,554 -$131,724	$945,272
6	$1,728,900	-$600,023 -$138,312	$990,565
7	$1,815,300	-$631,991 -$145,224	$1,038,085
8	$1,906,110	-$665,591 -$152,489	$1,088,030
9	$2,001,420	-$700,856 -$160,114	$1,140,450
10	$2,101,500	-$737,885 -$168,120	$1,195,495
11	$2,206,530	-$776,746 -$176,522	$1,253,262
12	$2,316,870	-$817,572 -$185,350	$1,313,948
13	$2,432,700	-$860,429 -$194,616	$1,377,655
14	$2,554,380	-$905,451 -$204,350	$1,444,579
15	$2,682,090	-$952,704 -$214,567	$1,514,819
16	$2,816,190	-$1,002,321 -$225,295	$1,588,574
17	$2,956,950	-$1,054,402 -$236,556	$1,665,992
18	$3,104,820	-$1,109,114 -$248,386	$1,747,320
19	$3,260,070	-$1,166,556 -$260,806	$1,832,708
20	$3,423,060	-$1,226,863 -$273,845	$1,922,352
21	$3,594,240	-$1,290,199 -$287,539	$2,016,502
22	$3,773,970	-$1,356,699 -$301,918	$2,115,353
23	$3,962,610	-$1,426,496 -$317,009	$2,219,105
24	$4,160,790	-$1,499,823 -$332,863	$2,328,104
25	$4,368,780	-$1,576,779 -$349,502	$2,442,499
26	$4,587,300	-$1,657,631 -$366,984	$2,562,685
27	$4,816,620	-$1,742,480 -$385,330	$2,688,810
28	$5,057,460	-$1,831,591 -$404,597	$2,821,272
29	$5,310,360	-$1,925,164 -$424,829	$2,960,367
30	$5,575,860	-$2,023,399 -$446,069	$3,106,392