New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(8%)	$6,552,000
Net Lumpsum Payment	$45,084,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$216,734	$1,529,719
2	$2,844,720	-$1,012,877 -$227,578	$1,604,265
3	$2,986,920	-$1,065,491 -$238,954	$1,682,475
4	$3,136,320	-$1,120,769 -$250,906	$1,764,645
5	$3,293,100	-$1,178,777 -$263,448	$1,850,875
6	$3,457,800	-$1,239,716 -$276,624	$1,941,460
7	$3,630,600	-$1,303,652 -$290,448	$2,036,500
8	$3,812,220	-$1,370,852 -$304,978	$2,136,390
9	$4,002,840	-$1,441,381 -$320,227	$2,241,232
10	$4,203,000	-$1,515,440 -$336,240	$2,351,320
11	$4,413,060	-$1,593,163 -$353,045	$2,466,852
12	$4,633,740	-$1,674,814 -$370,699	$2,588,227
13	$4,865,400	-$1,760,528 -$389,232	$2,715,640
14	$5,108,760	-$1,850,572 -$408,701	$2,849,487
15	$5,364,180	-$1,945,077 -$429,134	$2,989,969
16	$5,632,380	-$2,044,311 -$450,590	$3,137,479
17	$5,913,900	-$2,148,473 -$473,112	$3,292,315
18	$6,209,640	-$2,257,897 -$496,771	$3,454,972
19	$6,520,140	-$2,372,782 -$521,611	$3,625,747
20	$6,846,120	-$2,493,395 -$547,690	$3,805,035
21	$7,188,480	-$2,620,068 -$575,078	$3,993,334
22	$7,547,940	-$2,753,068 -$603,835	$4,191,037
23	$7,925,220	-$2,892,662 -$634,018	$4,398,540
24	$8,321,580	-$3,039,315 -$665,726	$4,616,539
25	$8,737,560	-$3,193,228 -$699,005	$4,845,327
26	$9,174,600	-$3,354,932 -$733,968	$5,085,700
27	$9,633,240	-$3,524,629 -$770,659	$5,337,952
28	$10,114,920	-$3,702,851 -$809,194	$5,602,875
29	$10,620,720	-$3,889,997 -$849,658	$5,881,065
30	$11,151,720	-$4,086,467 -$892,138	$6,173,115