New Jersey Lottery

NJLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jan 6, 2026 is estimated to be $180 Million, with a cash option of 81.9 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 Jan 6, 2026

Draw Date	Jackpot	Cash Option
Tue Jan 6, 2026	$180,000,000	$81,900,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$81,900,000
Federal Tax(24%)	$19,656,000
Additional Federal Tax	$10,607,330
State Tax(8%)	$6,552,000
Net Lumpsum Payment	$45,084,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,709,180	-$962,727 -$216,734	$1,529,719
2	$2,844,720	-$1,012,877 -$227,578	$1,604,265
3	$2,986,920	-$1,065,491 -$238,954	$1,682,475
4	$3,136,320	-$1,120,769 -$250,906	$1,764,645
5	$3,293,100	-$1,178,777 -$263,448	$1,850,875
6	$3,457,800	-$1,239,716 -$276,624	$1,941,460
7	$3,630,600	-$1,303,652 -$290,448	$2,036,500
8	$3,812,220	-$1,370,852 -$304,978	$2,136,390
9	$4,002,840	-$1,441,381 -$320,227	$2,241,232
10	$4,203,000	-$1,515,440 -$336,240	$2,351,320
11	$4,413,060	-$1,593,163 -$353,045	$2,466,852
12	$4,633,740	-$1,674,814 -$370,699	$2,588,227
13	$4,865,400	-$1,760,528 -$389,232	$2,715,640
14	$5,108,760	-$1,850,572 -$408,701	$2,849,487
15	$5,364,180	-$1,945,077 -$429,134	$2,989,969
16	$5,632,380	-$2,044,311 -$450,590	$3,137,479
17	$5,913,900	-$2,148,473 -$473,112	$3,292,315
18	$6,209,640	-$2,257,897 -$496,771	$3,454,972
19	$6,520,140	-$2,372,782 -$521,611	$3,625,747
20	$6,846,120	-$2,493,395 -$547,690	$3,805,035
21	$7,188,480	-$2,620,068 -$575,078	$3,993,334
22	$7,547,940	-$2,753,068 -$603,835	$4,191,037
23	$7,925,220	-$2,892,662 -$634,018	$4,398,540
24	$8,321,580	-$3,039,315 -$665,726	$4,616,539
25	$8,737,560	-$3,193,228 -$699,005	$4,845,327
26	$9,174,600	-$3,354,932 -$733,968	$5,085,700
27	$9,633,240	-$3,524,629 -$770,659	$5,337,952
28	$10,114,920	-$3,702,851 -$809,194	$5,602,875
29	$10,620,720	-$3,889,997 -$849,658	$5,881,065
30	$11,151,720	-$4,086,467 -$892,138	$6,173,115