New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 20, 2026 is estimated to be $250 Million, with a cash option of 113.5 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 York, your state will take 8.82% 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 York MEGA Millions Jackpot/Cash Option for Tue Jan 20, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 20, 2026	$250,000,000	$113,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$113,500,000
Federal Tax(24%)	$27,240,000
Additional Federal Tax	$14,715,330
State Tax(8.82%)	$10,010,700
Net Lumpsum Payment	$61,533,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,762,750	-$1,352,548 -$331,875	$2,078,327
2	$3,951,000	-$1,422,200 -$348,478	$2,180,322
3	$4,148,500	-$1,495,275 -$365,898	$2,287,327
4	$4,356,000	-$1,572,050 -$384,199	$2,399,751
5	$4,573,750	-$1,652,618 -$403,405	$2,517,727
6	$4,802,500	-$1,737,255 -$423,581	$2,641,664
7	$5,042,500	-$1,826,055 -$444,749	$2,771,696
8	$5,294,750	-$1,919,388 -$466,997	$2,908,365
9	$5,559,500	-$2,017,345 -$490,348	$3,051,807
10	$5,837,500	-$2,120,205 -$514,868	$3,202,427
11	$6,129,250	-$2,228,153 -$540,600	$3,360,497
12	$6,435,750	-$2,341,558 -$567,633	$3,526,559
13	$6,757,500	-$2,460,605 -$596,012	$3,700,883
14	$7,095,500	-$2,585,665 -$625,823	$3,884,012
15	$7,450,250	-$2,716,923 -$657,112	$4,076,215
16	$7,822,750	-$2,854,748 -$689,967	$4,278,035
17	$8,213,750	-$2,999,418 -$724,453	$4,489,879
18	$8,624,500	-$3,151,395 -$760,681	$4,712,424
19	$9,055,750	-$3,310,958 -$798,717	$4,946,075
20	$9,508,500	-$3,478,475 -$838,650	$5,191,375
21	$9,984,000	-$3,654,410 -$880,589	$5,449,001
22	$10,483,250	-$3,839,133 -$924,623	$5,719,494
23	$11,007,250	-$4,033,013 -$970,839	$6,003,398
24	$11,557,750	-$4,236,698 -$1,019,394	$6,301,658
25	$12,135,500	-$4,450,465 -$1,070,351	$6,614,684
26	$12,742,500	-$4,675,055 -$1,123,889	$6,943,556
27	$13,379,500	-$4,910,745 -$1,180,072	$7,288,683
28	$14,048,500	-$5,158,275 -$1,239,078	$7,651,147
29	$14,751,000	-$5,418,200 -$1,301,038	$8,031,762
30	$15,488,500	-$5,691,075 -$1,366,086	$8,431,339