New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 7, 2026 is estimated to be $100 Million, with a cash option of 45.3 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 7, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 7, 2026	$100,000,000	$45,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$45,300,000
Federal Tax(24%)	$10,872,000
Additional Federal Tax	$5,849,330
State Tax(8%)	$3,624,000
Net Lumpsum Payment	$24,954,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,505,100	-$517,217 -$120,408	$867,475
2	$1,580,400	-$545,078 -$126,432	$908,890
3	$1,659,400	-$574,308 -$132,752	$952,340
4	$1,742,400	-$605,018 -$139,392	$997,990
5	$1,829,500	-$637,245 -$146,360	$1,045,895
6	$1,921,000	-$671,100 -$153,680	$1,096,220
7	$2,017,000	-$706,620 -$161,360	$1,149,020
8	$2,117,900	-$743,953 -$169,432	$1,204,515
9	$2,223,800	-$783,136 -$177,904	$1,262,760
10	$2,335,000	-$824,280 -$186,800	$1,323,920
11	$2,451,700	-$867,459 -$196,136	$1,388,105
12	$2,574,300	-$912,821 -$205,944	$1,455,535
13	$2,703,000	-$960,440 -$216,240	$1,526,320
14	$2,838,200	-$1,010,464 -$227,056	$1,600,680
15	$2,980,100	-$1,062,967 -$238,408	$1,678,725
16	$3,129,100	-$1,118,097 -$250,328	$1,760,675
17	$3,285,500	-$1,175,965 -$262,840	$1,846,695
18	$3,449,800	-$1,236,756 -$275,984	$1,937,060
19	$3,622,300	-$1,300,581 -$289,784	$2,031,935
20	$3,803,400	-$1,367,588 -$304,272	$2,131,540
21	$3,993,600	-$1,437,962 -$319,488	$2,236,150
22	$4,193,300	-$1,511,851 -$335,464	$2,345,985
23	$4,402,900	-$1,589,403 -$352,232	$2,461,265
24	$4,623,100	-$1,670,877 -$369,848	$2,582,375
25	$4,854,200	-$1,756,384 -$388,336	$2,709,480
26	$5,097,000	-$1,846,220 -$407,760	$2,843,020
27	$5,351,800	-$1,940,496 -$428,144	$2,983,160
28	$5,619,400	-$2,039,508 -$449,552	$3,130,340
29	$5,900,400	-$2,143,478 -$472,032	$3,284,890
30	$6,195,400	-$2,252,628 -$495,632	$3,447,140