New York Lottery

NYLottery 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 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 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(8.82%)	$3,413,340
Net Lumpsum Payment	$21,007,330

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,354,590	-$461,529 -$119,475	$773,586
2	$1,422,360	-$486,604 -$125,452	$810,304
3	$1,493,460	-$512,911 -$131,723	$848,826
4	$1,568,160	-$540,550 -$138,312	$889,298
5	$1,646,550	-$569,554 -$145,226	$931,770
6	$1,728,900	-$600,023 -$152,489	$976,388
7	$1,815,300	-$631,991 -$160,109	$1,023,200
8	$1,906,110	-$665,591 -$168,119	$1,072,400
9	$2,001,420	-$700,856 -$176,525	$1,124,039
10	$2,101,500	-$737,885 -$185,352	$1,178,263
11	$2,206,530	-$776,746 -$194,616	$1,235,168
12	$2,316,870	-$817,572 -$204,348	$1,294,950
13	$2,432,700	-$860,429 -$214,564	$1,357,707
14	$2,554,380	-$905,451 -$225,296	$1,423,633
15	$2,682,090	-$952,704 -$236,560	$1,492,826
16	$2,816,190	-$1,002,321 -$248,388	$1,565,481
17	$2,956,950	-$1,054,402 -$260,803	$1,641,745
18	$3,104,820	-$1,109,114 -$273,845	$1,721,861
19	$3,260,070	-$1,166,556 -$287,538	$1,805,976
20	$3,423,060	-$1,226,863 -$301,914	$1,894,283
21	$3,594,240	-$1,290,199 -$317,012	$1,987,029
22	$3,773,970	-$1,356,699 -$332,864	$2,084,407
23	$3,962,610	-$1,426,496 -$349,502	$2,186,612
24	$4,160,790	-$1,499,823 -$366,982	$2,293,985
25	$4,368,780	-$1,576,779 -$385,326	$2,406,675
26	$4,587,300	-$1,657,631 -$404,600	$2,525,069
27	$4,816,620	-$1,742,480 -$424,826	$2,649,314
28	$5,057,460	-$1,831,591 -$446,068	$2,779,801
29	$5,310,360	-$1,925,164 -$468,374	$2,916,822
30	$5,575,860	-$2,023,399 -$491,791	$3,060,670