New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue May 26, 2026 is estimated to be $311 Million, with a cash option of 136.4 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 May 26, 2026

Draw Date	Jackpot	Cash Option
Tue May 26, 2026	$311,000,000	$136,400,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$136,400,000
Federal Tax(24%)	$32,736,000
Additional Federal Tax	$17,692,330
State Tax(8.82%)	$12,030,480
Net Lumpsum Payment	$73,941,190

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$4,680,861	-$1,692,249 -$412,852	$2,575,760
2	$4,915,044	-$1,778,897 -$433,507	$2,702,640
3	$5,160,734	-$1,869,802 -$455,177	$2,835,755
4	$5,418,864	-$1,965,310 -$477,944	$2,975,610
5	$5,689,745	-$2,065,536 -$501,836	$3,122,373
6	$5,974,310	-$2,170,825 -$526,934	$3,276,551
7	$6,272,870	-$2,281,292 -$553,267	$3,438,311
8	$6,586,669	-$2,397,398 -$580,944	$3,608,327
9	$6,916,018	-$2,519,257 -$609,993	$3,786,768
10	$7,261,850	-$2,647,215 -$640,495	$3,974,140
11	$7,624,787	-$2,781,502 -$672,506	$4,170,779
12	$8,006,073	-$2,922,577 -$706,136	$4,377,360
13	$8,406,330	-$3,070,672 -$741,438	$4,594,220
14	$8,826,802	-$3,226,247 -$778,524	$4,822,031
15	$9,268,111	-$3,389,531 -$817,447	$5,061,133
16	$9,731,501	-$3,560,986 -$858,318	$5,312,197
17	$10,217,905	-$3,740,955 -$901,219	$5,575,731
18	$10,728,878	-$3,930,015 -$946,287	$5,852,576
19	$11,265,353	-$4,128,511 -$993,604	$6,143,238
20	$11,828,574	-$4,336,903 -$1,043,280	$6,448,391
21	$12,420,096	-$4,555,766 -$1,095,452	$6,768,878
22	$13,041,163	-$4,785,561 -$1,150,231	$7,105,371
23	$13,693,019	-$5,026,747 -$1,207,724	$7,458,548
24	$14,377,841	-$5,280,132 -$1,268,126	$7,829,583
25	$15,096,562	-$5,546,058 -$1,331,517	$8,218,987
26	$15,851,670	-$5,825,448 -$1,398,117	$8,628,105
27	$16,644,098	-$6,118,647 -$1,468,009	$9,057,442
28	$17,476,334	-$6,426,574 -$1,541,413	$9,508,347
29	$18,350,244	-$6,749,921 -$1,618,492	$9,981,831
30	$19,267,694	-$7,089,377 -$1,699,411	$10,478,906