New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 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 Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(8.82%)	$12,312,720
Net Lumpsum Payment	$75,674,950

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$457,987	$2,853,017
2	$5,452,380	-$1,977,711 -$480,900	$2,993,769
3	$5,724,930	-$2,078,554 -$504,939	$3,141,437
4	$6,011,280	-$2,184,504 -$530,195	$3,296,581
5	$6,311,775	-$2,295,687 -$556,699	$3,459,389
6	$6,627,450	-$2,412,487 -$584,541	$3,630,422
7	$6,958,650	-$2,535,031 -$613,753	$3,809,866
8	$7,306,755	-$2,663,830 -$644,456	$3,998,469
9	$7,672,110	-$2,799,011 -$676,680	$4,196,419
10	$8,055,750	-$2,940,958 -$710,517	$4,404,275
11	$8,458,365	-$3,089,925 -$746,028	$4,622,412
12	$8,881,335	-$3,246,424 -$783,334	$4,851,577
13	$9,325,350	-$3,410,710 -$822,496	$5,092,144
14	$9,791,790	-$3,583,293 -$863,636	$5,344,861
15	$10,281,345	-$3,764,428 -$906,815	$5,610,102
16	$10,795,395	-$3,954,627 -$952,154	$5,888,614
17	$11,334,975	-$4,154,271 -$999,745	$6,180,959
18	$11,901,810	-$4,364,000 -$1,049,740	$6,488,070
19	$12,496,935	-$4,584,196 -$1,102,230	$6,810,509
20	$13,121,730	-$4,815,370 -$1,157,337	$7,149,023
21	$13,777,920	-$5,058,161 -$1,215,213	$7,504,546
22	$14,466,885	-$5,313,078 -$1,275,979	$7,877,828
23	$15,190,005	-$5,580,632 -$1,339,758	$8,269,615
24	$15,949,695	-$5,861,718 -$1,406,763	$8,681,214
25	$16,746,990	-$6,156,717 -$1,477,085	$9,113,188
26	$17,584,650	-$6,466,651 -$1,550,966	$9,567,033
27	$18,463,710	-$6,791,903 -$1,628,499	$10,043,308
28	$19,386,930	-$7,133,494 -$1,709,927	$10,543,509
29	$20,356,380	-$7,492,191 -$1,795,433	$11,068,756
30	$21,374,130	-$7,868,758 -$1,885,198	$11,620,174