New York Lottery

NYLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Fri Sep 4, 2026 is estimated to be $177 Million, with a cash option of 76.3 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 Fri Sep 4, 2026

Draw Date	Jackpot	Cash Option
Fri Sep 4, 2026	$177,000,000	$76,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$76,300,000
Federal Tax(24%)	$18,312,000
Additional Federal Tax	$9,879,330
State Tax(8.82%)	$6,729,660
Net Lumpsum Payment	$41,379,010

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,664,027	-$946,020 -$234,967	$1,483,040
2	$2,797,308	-$995,334 -$246,723	$1,555,251
3	$2,937,138	-$1,047,071 -$259,056	$1,631,011
4	$3,084,048	-$1,101,428 -$272,013	$1,710,607
5	$3,238,215	-$1,158,470 -$285,611	$1,794,134
6	$3,400,170	-$1,218,393 -$299,895	$1,881,882
7	$3,570,090	-$1,281,264 -$314,882	$1,973,944
8	$3,748,683	-$1,347,343 -$330,634	$2,070,706
9	$3,936,126	-$1,416,697 -$347,166	$2,172,263
10	$4,132,950	-$1,489,522 -$364,526	$2,278,902
11	$4,339,509	-$1,565,949 -$382,745	$2,390,815
12	$4,556,511	-$1,646,239 -$401,884	$2,508,388
13	$4,784,310	-$1,730,525 -$421,976	$2,631,809
14	$5,023,614	-$1,819,068 -$443,083	$2,761,463
15	$5,274,777	-$1,911,998 -$465,235	$2,897,544
16	$5,538,507	-$2,009,578 -$488,496	$3,040,433
17	$5,815,335	-$2,112,004 -$512,913	$3,190,418
18	$6,106,146	-$2,219,604 -$538,562	$3,347,980
19	$6,411,471	-$2,332,575 -$565,492	$3,513,404
20	$6,732,018	-$2,451,177 -$593,764	$3,687,077
21	$7,068,672	-$2,575,739 -$623,457	$3,869,476
22	$7,422,141	-$2,706,523 -$654,633	$4,060,985
23	$7,793,133	-$2,843,790 -$687,354	$4,261,989
24	$8,182,887	-$2,987,999 -$721,731	$4,473,157
25	$8,591,934	-$3,139,346 -$757,809	$4,694,779
26	$9,021,690	-$3,298,356 -$795,713	$4,927,621
27	$9,472,686	-$3,465,224 -$835,491	$5,171,971
28	$9,946,338	-$3,640,475 -$877,267	$5,428,596
29	$10,443,708	-$3,824,502 -$921,135	$5,698,071
30	$10,965,858	-$4,017,698 -$967,189	$5,980,971