New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Sep 15, 2026 is estimated to be $227 Million, with a cash option of 96.3 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 Jersey, your state will take 8% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

New Jersey MEGA Millions Jackpot/Cash Option for Tue Sep 15, 2026

Draw Date	Jackpot	Cash Option
Tue Sep 15, 2026	$227,000,000	$96,300,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$96,300,000
Federal Tax(24%)	$23,112,000
Additional Federal Tax	$12,479,330
State Tax(8%)	$7,704,000
Net Lumpsum Payment	$53,004,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$3,416,577	-$1,224,464 -$273,326	$1,918,787
2	$3,587,508	-$1,287,708 -$287,001	$2,012,799
3	$3,766,838	-$1,354,060 -$301,347	$2,111,431
4	$3,955,248	-$1,423,772 -$316,420	$2,215,056
5	$4,152,965	-$1,496,927 -$332,237	$2,323,801
6	$4,360,670	-$1,573,778 -$348,854	$2,438,038
7	$4,578,590	-$1,654,409 -$366,287	$2,557,894
8	$4,807,633	-$1,739,155 -$384,611	$2,683,867
9	$5,048,026	-$1,828,100 -$403,842	$2,816,084
10	$5,300,450	-$1,921,497 -$424,036	$2,954,917
11	$5,565,359	-$2,019,513 -$445,229	$3,100,617
12	$5,843,661	-$2,122,485 -$467,493	$3,253,683
13	$6,135,810	-$2,230,580 -$490,865	$3,414,365
14	$6,442,714	-$2,344,135 -$515,417	$3,583,162
15	$6,764,827	-$2,463,316 -$541,186	$3,760,325
16	$7,103,057	-$2,588,461 -$568,245	$3,946,351
17	$7,458,085	-$2,719,822 -$596,647	$4,141,616
18	$7,831,046	-$2,857,817 -$626,484	$4,346,745
19	$8,222,621	-$3,002,700 -$657,810	$4,562,111
20	$8,633,718	-$3,154,806 -$690,697	$4,788,215
21	$9,065,472	-$3,314,555 -$725,238	$5,025,679
22	$9,518,791	-$3,482,283 -$761,503	$5,275,005
23	$9,994,583	-$3,658,326 -$799,567	$5,536,690
24	$10,494,437	-$3,843,272 -$839,555	$5,811,610
25	$11,019,034	-$4,037,373 -$881,523	$6,100,138
26	$11,570,190	-$4,241,301 -$925,615	$6,403,274
27	$12,148,586	-$4,455,307 -$971,887	$6,721,392
28	$12,756,038	-$4,680,064 -$1,020,483	$7,055,491
29	$13,393,908	-$4,916,076 -$1,071,513	$7,406,319
30	$14,063,558	-$5,163,847 -$1,125,085	$7,774,626