New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 28, 2026 is estimated to be $163 Million, with a cash option of 72.9 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 Apr 28, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 28, 2026	$163,000,000	$72,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$72,900,000
Federal Tax(24%)	$17,496,000
Additional Federal Tax	$9,437,330
State Tax(8%)	$5,832,000
Net Lumpsum Payment	$40,134,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,453,313	-$868,056 -$196,265	$1,388,992
2	$2,576,052	-$913,470 -$206,084	$1,456,498
3	$2,704,822	-$961,115 -$216,386	$1,527,321
4	$2,840,112	-$1,011,172 -$227,209	$1,601,731
5	$2,982,085	-$1,063,702 -$238,567	$1,679,816
6	$3,131,230	-$1,118,885 -$250,498	$1,761,847
7	$3,287,710	-$1,176,783 -$263,017	$1,847,910
8	$3,452,177	-$1,237,636 -$276,174	$1,938,367
9	$3,624,794	-$1,301,504 -$289,984	$2,033,306
10	$3,806,050	-$1,368,569 -$304,484	$2,132,997
11	$3,996,271	-$1,438,951 -$319,702	$2,237,618
12	$4,196,109	-$1,512,891 -$335,689	$2,347,529
13	$4,405,890	-$1,590,510 -$352,471	$2,462,909
14	$4,626,266	-$1,672,049 -$370,101	$2,584,116
15	$4,857,563	-$1,757,629 -$388,605	$2,711,329
16	$5,100,433	-$1,847,491 -$408,035	$2,844,907
17	$5,355,365	-$1,941,815 -$428,429	$2,985,121
18	$5,623,174	-$2,040,905 -$449,854	$3,132,415
19	$5,904,349	-$2,144,940 -$472,348	$3,287,061
20	$6,199,542	-$2,254,161 -$495,963	$3,449,418
21	$6,509,568	-$2,368,871 -$520,765	$3,619,932
22	$6,835,079	-$2,489,310 -$546,806	$3,798,963
23	$7,176,727	-$2,615,719 -$574,138	$3,986,870
24	$7,535,653	-$2,748,522 -$602,852	$4,184,279
25	$7,912,346	-$2,887,898 -$632,988	$4,391,460
26	$8,308,110	-$3,034,331 -$664,649	$4,609,130
27	$8,723,434	-$3,188,001 -$697,875	$4,837,558
28	$9,159,622	-$3,349,391 -$732,770	$5,077,461
29	$9,617,652	-$3,518,862 -$769,412	$5,329,378
30	$10,098,502	-$3,696,776 -$807,880	$5,593,846