New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Nov 6, 2026 is estimated to be $505 Million, with a cash option of 213.3 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 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 Nov 6, 2026

Draw Date	Jackpot	Cash Option
Fri Nov 6, 2026	$505,000,000	$213,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$213,300,000
Federal Tax(24%)	$51,192,000
Additional Federal Tax	$27,689,330
State Tax(8.82%)	$18,813,060
Net Lumpsum Payment	$115,605,610

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,600,755	-$2,772,610 -$670,387	$4,157,758
2	$7,981,020	-$2,913,308 -$703,926	$4,363,786
3	$8,379,970	-$3,060,919 -$739,113	$4,579,938
4	$8,799,120	-$3,216,005 -$776,082	$4,807,033
5	$9,238,975	-$3,378,751 -$814,878	$5,045,346
6	$9,701,050	-$3,549,719 -$855,633	$5,295,698
7	$10,185,850	-$3,729,095 -$898,392	$5,558,363
8	$10,695,395	-$3,917,627 -$943,334	$5,834,434
9	$11,230,190	-$4,115,501 -$990,503	$6,124,186
10	$11,791,750	-$4,323,278 -$1,040,032	$6,428,440
11	$12,381,085	-$4,541,332 -$1,092,012	$6,747,741
12	$13,000,215	-$4,770,410 -$1,146,619	$7,083,186
13	$13,650,150	-$5,010,886 -$1,203,943	$7,435,321
14	$14,332,910	-$5,263,507 -$1,264,163	$7,805,240
15	$15,049,505	-$5,528,647 -$1,327,366	$8,193,492
16	$15,801,955	-$5,807,054 -$1,393,732	$8,601,169
17	$16,591,775	-$6,099,287 -$1,463,395	$9,029,093
18	$17,421,490	-$6,406,282 -$1,536,575	$9,478,633
19	$18,292,615	-$6,728,598 -$1,613,409	$9,950,608
20	$19,207,170	-$7,066,983 -$1,694,072	$10,446,115
21	$20,167,680	-$7,422,372 -$1,778,789	$10,966,519
22	$21,176,165	-$7,795,511 -$1,867,738	$11,512,916
23	$22,234,645	-$8,187,149 -$1,961,096	$12,086,400
24	$23,346,655	-$8,598,593 -$2,059,175	$12,688,887
25	$24,513,710	-$9,030,403 -$2,162,109	$13,321,198
26	$25,739,850	-$9,484,075 -$2,270,255	$13,985,520
27	$27,026,590	-$9,960,169 -$2,383,745	$14,682,676
28	$28,377,970	-$10,460,179 -$2,502,937	$15,414,854
29	$29,797,020	-$10,985,228 -$2,628,097	$16,183,695
30	$31,286,770	-$11,536,435 -$2,759,493	$16,990,842