New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Feb 10, 2026 is estimated to be $366 Million, with a cash option of 165.6 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 Feb 10, 2026

Draw Date	Jackpot	Cash Option
Tue Feb 10, 2026	$366,000,000	$165,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$165,600,000
Federal Tax(24%)	$39,744,000
Additional Federal Tax	$21,488,330
State Tax(8.82%)	$14,605,920
Net Lumpsum Payment	$89,761,750

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,508,666	-$1,998,537 -$485,864	$3,024,265
2	$5,784,264	-$2,100,508 -$510,172	$3,173,584
3	$6,073,404	-$2,207,490 -$535,674	$3,330,240
4	$6,377,184	-$2,319,888 -$562,468	$3,494,828
5	$6,695,970	-$2,437,839 -$590,585	$3,667,546
6	$7,030,860	-$2,561,749 -$620,122	$3,848,989
7	$7,382,220	-$2,691,752 -$651,112	$4,039,356
8	$7,751,514	-$2,828,391 -$683,684	$4,239,439
9	$8,139,108	-$2,971,800 -$717,869	$4,449,439
10	$8,546,100	-$3,122,387 -$753,766	$4,669,947
11	$8,973,222	-$3,280,423 -$791,438	$4,901,361
12	$9,421,938	-$3,446,447 -$831,015	$5,144,476
13	$9,892,980	-$3,620,733 -$872,561	$5,399,686
14	$10,387,812	-$3,803,821 -$916,205	$5,667,786
15	$10,907,166	-$3,995,982 -$962,012	$5,949,172
16	$11,452,506	-$4,197,758 -$1,010,111	$6,244,637
17	$12,024,930	-$4,409,554 -$1,060,599	$6,554,777
18	$12,626,268	-$4,632,050 -$1,113,637	$6,880,581
19	$13,257,618	-$4,865,649 -$1,169,322	$7,222,647
20	$13,920,444	-$5,110,895 -$1,227,783	$7,581,766
21	$14,616,576	-$5,368,464 -$1,289,182	$7,958,930
22	$15,347,478	-$5,638,897 -$1,353,648	$8,354,933
23	$16,114,614	-$5,922,738 -$1,421,309	$8,770,567
24	$16,920,546	-$6,220,932 -$1,492,392	$9,207,222
25	$17,766,372	-$6,533,888 -$1,566,994	$9,665,490
26	$18,655,020	-$6,862,688 -$1,645,373	$10,146,959
27	$19,587,588	-$7,207,738 -$1,727,625	$10,652,225
28	$20,567,004	-$7,570,122 -$1,814,010	$11,182,872
29	$21,595,464	-$7,950,652 -$1,904,720	$11,740,092
30	$22,675,164	-$8,350,141 -$1,999,949	$12,325,074