New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Mar 3, 2026 is estimated to be $473 Million, with a cash option of 221.8 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 Mar 3, 2026

Draw Date	Jackpot	Cash Option
Tue Mar 3, 2026	$473,000,000	$221,800,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$221,800,000
Federal Tax(24%)	$53,232,000
Additional Federal Tax	$28,794,330
State Tax(8.82%)	$19,562,760
Net Lumpsum Payment	$120,210,910

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,119,123	-$2,594,406 -$627,907	$3,896,810
2	$7,475,292	-$2,726,188 -$659,321	$4,089,783
3	$7,848,962	-$2,864,446 -$692,278	$4,292,238
4	$8,241,552	-$3,009,705 -$726,905	$4,504,942
5	$8,653,535	-$3,162,138 -$763,242	$4,728,155
6	$9,086,330	-$3,322,272 -$801,414	$4,962,644
7	$9,540,410	-$3,490,282 -$841,464	$5,208,664
8	$10,017,667	-$3,666,867 -$883,558	$5,467,242
9	$10,518,574	-$3,852,203 -$927,738	$5,738,633
10	$11,044,550	-$4,046,814 -$974,129	$6,023,607
11	$11,596,541	-$4,251,051 -$1,022,815	$6,322,675
12	$12,176,439	-$4,465,613 -$1,073,962	$6,636,864
13	$12,785,190	-$4,690,851 -$1,127,654	$6,966,685
14	$13,424,686	-$4,927,464 -$1,184,057	$7,313,165
15	$14,095,873	-$5,175,803 -$1,243,256	$7,676,814
16	$14,800,643	-$5,436,568 -$1,305,417	$8,058,658
17	$15,540,415	-$5,710,284 -$1,370,665	$8,459,466
18	$16,317,554	-$5,997,825 -$1,439,208	$8,880,521
19	$17,133,479	-$6,299,718 -$1,511,173	$9,322,588
20	$17,990,082	-$6,616,661 -$1,586,725	$9,786,696
21	$18,889,728	-$6,949,530 -$1,666,074	$10,274,124
22	$19,834,309	-$7,299,025 -$1,749,386	$10,785,898
23	$20,825,717	-$7,665,846 -$1,836,828	$11,323,043
24	$21,867,263	-$8,051,218 -$1,928,693	$11,887,352
25	$22,960,366	-$8,455,666 -$2,025,104	$12,479,596
26	$24,108,810	-$8,880,590 -$2,126,397	$13,101,823
27	$25,314,014	-$9,326,516 -$2,232,696	$13,754,802
28	$26,579,762	-$9,794,842 -$2,344,335	$14,440,585
29	$27,908,892	-$10,286,620 -$2,461,564	$15,160,708
30	$29,304,242	-$10,802,900 -$2,584,634	$15,916,708