New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Apr 14, 2026 is estimated to be $120 Million, with a cash option of 53.5 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 Apr 14, 2026

Draw Date	Jackpot	Cash Option
Tue Apr 14, 2026	$120,000,000	$53,500,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$53,500,000
Federal Tax(24%)	$12,840,000
Additional Federal Tax	$6,915,330
State Tax(8.82%)	$4,718,700
Net Lumpsum Payment	$29,025,970

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$1,806,120	-$628,595 -$159,300	$1,018,225
2	$1,896,480	-$662,028 -$167,270	$1,067,182
3	$1,991,280	-$697,104 -$175,631	$1,118,545
4	$2,090,880	-$733,956 -$184,416	$1,172,508
5	$2,195,400	-$772,628 -$193,634	$1,229,138
6	$2,305,200	-$813,254 -$203,319	$1,288,627
7	$2,420,400	-$855,878 -$213,479	$1,351,043
8	$2,541,480	-$900,678 -$224,159	$1,416,643
9	$2,668,560	-$947,698 -$235,367	$1,485,495
10	$2,802,000	-$997,070 -$247,136	$1,557,794
11	$2,942,040	-$1,048,885 -$259,488	$1,633,667
12	$3,089,160	-$1,103,320 -$272,464	$1,713,376
13	$3,243,600	-$1,160,462 -$286,086	$1,797,052
14	$3,405,840	-$1,220,491 -$300,395	$1,884,954
15	$3,576,120	-$1,283,495 -$315,414	$1,977,211
16	$3,754,920	-$1,349,651 -$331,184	$2,074,085
17	$3,942,600	-$1,419,092 -$347,737	$2,175,771
18	$4,139,760	-$1,492,042 -$365,127	$2,282,591
19	$4,346,760	-$1,568,632 -$383,384	$2,394,744
20	$4,564,080	-$1,649,040 -$402,552	$2,512,488
21	$4,792,320	-$1,733,489 -$422,683	$2,636,148
22	$5,031,960	-$1,822,156 -$443,819	$2,765,985
23	$5,283,480	-$1,915,218 -$466,003	$2,902,259
24	$5,547,720	-$2,012,987 -$489,309	$3,045,424
25	$5,825,040	-$2,115,595 -$513,769	$3,195,676
26	$6,116,400	-$2,223,398 -$539,466	$3,353,536
27	$6,422,160	-$2,336,530 -$566,435	$3,519,195
28	$6,743,280	-$2,455,344 -$594,757	$3,693,179
29	$7,080,480	-$2,580,108 -$624,498	$3,875,874
30	$7,434,480	-$2,711,088 -$655,721	$4,067,671